Systems Maintenance Services (SMS)

Company acquired: Curvature

Head count: 501-1000 employees

Annual revenue: $228 million

Purchase price: undisclosed

Date of announcement: Jan. 19

IT lifecycle services companies Systems Maintenance Services (SMS) and Curvature announced their intension to merge in order to create a $500 million IT asset lifecycle services powerhouse.

The deal, slated to close by the end of February, will combine $250-million IT services and lifecycle maintenance provider SMS and $288-million, third-party IT services and networking hardware provider Curvature. The newly combined companies will have 2,000 employees and a broad range of third-party IT data center services and hardware offerings that cover server, storage and networking.

"Together, we are category-killing,” said Mike Sheldon, CEO of Santa Barbara, Calif.-based Curvature, No. 84 on the CRN Solution Provider 500, in an interview with CRN.