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Odin Announcement

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Ingram Micro Solidifies Leadership Position in the Cloud with Acquisition of Odin Service Automation Platform

Irvine, California – December 2, 2015 – Ingram Micro Inc. (NYSE: IM) today announced that it has entered into an agreement to acquire certain assets from Parallels Holdings Ltd. (“Parallels”), a leading provider of commercial cloud management platform technologies, connectors, billing systems and professional services. Under the terms of the transaction, Ingram Micro will acquire the Parallels Odin Service Automation platform along with associated cloud management technologies, intellectual property and the Odin brand. In addition, approximately 500 Odin employees, many of whom are software engineers with cloud expertise, are expected to join Ingram Micro. As a part of the Ingram Micro Cloud division led by executive vice president Nimesh Dave, these employees will continue to drive further innovation and development of the Odin automation platform and Ingram’s cloud service offerings as members of the Ingram Micro Cloud division. >>

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“The addition of the Odin Service Automation team and expertise further establishes Ingram Micro’s cloud leadership and enhances our ability to define how cloud offerings are provided and consumed globally. We welcome the Odin team into our organization.”
Alain Monié, Ingram Micro CEO

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“Odin is excited to join forces with Ingram Micro, whose early vision to dedicate significant assets and make the investments required to develop a comprehensive cloud services ecosystem demonstrates unique foresight and has resulted in robust capabilities and a clear leadership position.”
Birger Steen, Parallels CEO

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