Wayside Technology Group has entered into an agreement to acquire Interwork, a technology distribution company. The transaction is expected to close during 2Q20, subject to customary closing conditions.
Interwork is a Toronto based value-added specialty distributor focused on cybersecurity, information management and network solutions in both Canada and the US. Interwork brings scale to Wayside with more than 20 new vendor partners, a network of approximately 2,500 VARs, and an incremental increase in annual gross billings of approximately 10 percent.
Interwork President Joe Graci will lead Lifeboat’s Canadian business with plans to integrate both companies’ Canadian operations, which Wayside anticipates will bring various cost synergies through the consolidation of sales, general and administrative expenses.