Sparxent Announces Acquisition of NetworkD Corporation


SALT LAKE CITY, August 25 /PRNewswire/ --

- NetworkD Becomes Part of Company Focused on Providing Software, 
Hardware and IT Consulting Services to Mid-Market Customers

Sparxent, a newly formed IT and business solution provider focused on the
middle market, today announced it completed the acquisition of NetworkD
Corporation, a value-added reseller based in Newport Beach, Calif., with
offices in North America and Europe. Exact financial terms of the transaction
were not disclosed.

"NetworkD is a strategic acquisition for Sparxent. It has an excellent
reputation, a strong customer base and it will become the platform for future
growth," said Steve DeWindt, co-founder of Sparxent. "This is our first step
in creating a new business model for providing software, hardware and IT
consulting services to mid-market companies."

Established in 1996, NetworkD has a base of more than 6,000 customers
throughout the U.S. and Europe. The NetworkD Group of companies includes
NetworkD Corporation, NetworkD Europe Ltd., NetworkD Europe GmbH and NetworkD
Europe SAS.

"Joining with Sparxent gives us access to new markets and additional
resources as well as a laser focus on delivering enterprise-class IT services
to mid-sized customers," said Ashley Leonard, CEO of NetworkD. "We are
excited to become a Sparxent company and expand the breadth and depth of
services we can offer to customers."

With this acquisition, NetworkD will retain its identity and continue to
execute its core business strategy. Becoming a Sparxent company will allow
NetworkD to increase its geographic and financial reach, accelerate growth
and tap into additional resources worldwide.

NetworkD is recognized internationally for expertise in helping companies
reduce IT operational costs and increase efficiency of support staff by
utilizing systems management and service desk solutions. NetworkD is a
Platinum LANDesk Software Solution Provider and the largest global reseller
of LANDesk solutions.

Sparxent is focused on the marriage of consulting, solutions,
integration, development and services into a single source for IT. By
acquiring local IT providers like NetworkD and bringing them together under a
single umbrella, Sparxent will act as a single source for IT for medium-sized
companies.

About Sparxent

Sparxent is a leading technology and business solution provider focused
exclusively on the middle market. By combining global best-of-breed
capabilities with hands-on local professionals, Sparxent is a comprehensive
and single source for IT consulting, solutions and services. For more
information, please visit http://www.sparxent.com.

About NetworkD Group, a Sparxent Company

NetworkD Group, a Sparxent Company, are the experts at endpoint security,
systems life-cycle management, service desk, and IT process improvement
solutions to enterprise organizations worldwide. NetworkD specializes in
reducing operational costs, enhancing the customer experience and increasing
efficiency of support staff. NetworkD is headquartered in Newport Beach
California with regional offices and development centers throughout the
United States, United Kingdom, France, Germany, and Ukraine. Visit us at
http://www.networkd.com.

Copyright 2008 Sparxent, Inc. All rights reserved. Sparxent is an
unregistered trademark of Sparxent, Inc., which owns other registered and
unregistered trademarks throughout the world. Other names used herein may be
trademarks of their respective owners.

Certain statements in this release are forward-looking statements based
on current expectations and assumptions regarding future events and business
performance and involve certain risks and uncertainties that could cause
actual results to differ materially. Sparxent undertakes no duty to update
any forward-looking statement to conform the statement to actual results or
changes in the company's expectations.

Web site: http://www.sparxent.com 
              http://www.networkd.com

© PR Newswire Association LLC.

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