#5: Channel Fail? CompuCom Sold
One of our very first stories published in the month of January involved the sale of CompuCom Systems by Office Depot. An affiliate of Variant Equity bought it.
Office Depot bought CompuCom less than five years ago for $1 billion.
Forrester analyst Jay McBain noted that this latest purchase represented an “extremely low valuation for MSP revenue with blue chip clients.”
It was hoped after Staples and Best buy failed in their attempts to tackle managed services at scale, that the third time would be the charm for a big-name retailer like Office Depot.
Turned out the answer was no.
Get more news about the sale here.
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