GE division acquires
HP 3000 distributor IAC
IAC became the latest acquisition of GEs $3 billion computer distribution group, following GEs purchase of Sun supplier Access Graphics last fall. IAC said it will retain its HP focus and continue to evangelize for HP 3000 resellers. It will share backoffice operations with Access where it makes sense, Duncan said. IAC was patterned after Access Graphics focus on a single supplier when it was founded in 1994.
The distributor also reported it hired Ted Burns, formerly at 3000 distributor Client Systems, as its new HP Server Products manager. IACs VP of operations Chris Joseph and CEO Bruce Smith are leaving the firm as part of the transaction; Virginia Livingston remains as VP of marketing. Livingston, Duncan and Burns were founding partners at Client Systems before the first two left to form IAC.
IAC now represents GE the worlds only company with a larger capitalization than Microsoft as its HP division.