Wayside Technology Group to Acquire EMEA Channel Distributor, Spinnakar Limited
Acquisition Expands Wayside's Reach in EMEA and Strengthens Product Offerings in Storage, Cloud, Security and Data Management Transaction Expected to be Accretive to Gross Margin and EPS Spinnakar Founder and CEO Gerard Brophy to Join Company as a Managing Director EATONTOWN, N.J., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ:WSTG) ("Wayside" or the "Company"), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, has completed the acquisition of Spinnakar Limited ("Spinnakar"), a UK-based IT channel distributor, for an aggregate purchase price of $11.8 million (£9.8 million) payable at
