Per a recent agreement,
) will distribute protective solutions for mobiles and tablets from
OtterBox and LifeProof.
OtterBox and LifeProof provide protective gear for all
smartphones and tablets available in the market. These protective
cases are designed to guard the mobile devices from external
elements such as water, dirt, snow as well as sudden shock.
Leveraging Ingram Micro's distribution channels, both the
companies will be able to market their products easily and expand
in newer markets as well. Ingram Micro has been teaming with
emerging brands in the mobility space to expand its product and
The company continues to invest to improve its mobility
capabilities in all its operating markets, especially in Canada. It
is worth noting that strong performance of its mobility business
helped Ingram Micro's first-quarter revenues to improve on a
Ingram Micro has been striking distribution deals with a number
of original equipment manufacturers, thus expanding its product
portfolio. Moreover, the company's exposure in cloud computing
products is expected to drive growth.
We believe that an improving IT spending trend will help Ingram
to post better results, going forward. Moreover, the company's
focus on the high-margin market and strategic acquisitions to
increase market share are encouraging. The BrightPoint acquisition
is also expected to remain a key growth driver for the company.
Though Ingram Micro's significant European exposure and a high
debt burden are concerns, we remain fairly optimistic about the
company's strategic relationships with network giants such as
Juniper Networks Inc.
International Business Machines Corp.
Currently, Ingram Micro has a Zacks Rank #3 (Hold).
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