Connection Awarded GOVMVMT Technology Contract

Rhea-AI Summary

Connection (NASDAQ: CNXN) has been awarded a technology contract to provide products and services to Fairfax County, VA and other government agencies through the GOVMVMT Purchasing Cooperative. The contract extends through October 31, 2028, with a potential dollar volume of $200 million annually.

Positive

• Connection (NASDAQ: CNXN) has secured a lucrative technology contract to supply products and services to government agencies, providing a steady revenue stream for the company.

• The contract includes a wide range of technology solutions, such as security, cloud, data management, and infrastructure, showcasing Connection's diverse capabilities.

• The contract's five one-year renewal options and total potential dollar volume of $200 million annually ensure long-term stability and growth opportunities for Connection.

Negative

• None.

 Selected to Provide Technology Products, Services, and Solutions to Fairfax County, VA and Other Government Agencies

MERRIMACK, N.H.--(BUSINESS WIRE)-- Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce that its public sector subsidiary, Connection Public Sector Solutions, has been awarded a contract to provide technology products, services, and solutions to Fairfax County, VA and other government agencies made available through the GOVMVMT Purchasing Cooperative.

The GOVMVMT contract, in partnership with Fairfax County, was competitively solicited and awarded nationwide, and is available for use by state and local governments, as well as K-12 school districts and institutions of higher education throughout the United States. The contract vehicle extends through October 31, 2028 and includes five one-year renewal options, for a possible total of 10 years. Connection is one of three award recipients. In addition to a complete portfolio of technology products—such as desktops, laptops, servers, storage systems, networking, and peripherals—the agreement includes, but is not limited to, technology services and solutions related to security, cloud, data management, data protection, infrastructure, mobility, unified communications and collaboration, and IT service management. The total potential dollar volume of products and services that may be purchased under the agreement is $200 million annually.

Larry Kirsch, President of Connection Public Sector Solutions said, “It’s an honor to receive this contract award and to work with the GOVMVMT Purchasing Cooperative to provide exceptional service, value, and performance to our government customers. Our team is excited to offer Fairfax County and other government agencies the support and technical expertise required to advance their technology objectives and deliver innovative solutions and services to their communities.”

Tyler McCall, Program Manager at GOVMVMT said, “We are pleased to partner with Connection and to bring their expertise, resources, and extensive vendor relationships to state and local governments and education institutions through our cooperative purchasing program. The company’s commitment to providing industry-leading technology services and solutions to the public sector is closely aligned with our mission to put government first while reestablishing the standard in cooperative procurement.”

About Connection

PC Connection, Inc. and its subsidiaries, dba Connection, (www.connection.com; NASDAQ: CNXN) is a Fortune 1000 company headquartered in Merrimack, NH. With offices throughout the United States, Connection delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, OH. In addition, the Company has over 2,500 technical certifications to ensure that it can solve the most complex issues of its customers. Connection also services international customers through its GlobalServe subsidiary, a global IT procurement and service management company. Investors and media can find more information about Connection at http://ir.connection.com.

Connection Business Solutions (800.800.5555) is a rapid-response provider of IT products and services serving primarily the small-and medium-sized business sector. It offers more than 460,000 brand-name products through its staff of technically trained sales account managers, publications, and its website at www.connection.com.

Connection Enterprise Solutions (561.237.3300), www.connection.com/enterprise, provides corporate technology buyers with best-in-class IT solutions, in-depth IT supply-chain expertise, and real-time access to over 460,000 products and 1,600 vendors through MarkITplace^®, a proprietary next-generation, cloud-based supply chain solution. The team’s engineers, software licensing specialists, and subject matter experts help reduce the cost and complexity of buying hardware, software, and services throughout the entire IT lifecycle.

Connection Public Sector Solutions (800.800.0019), is a rapid-response provider of IT products and services to federal, state, and local government agencies and educational institutions through specialized account managers, publications, and online at www.connection.com/publicsector.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240509581664/en/

Corporate Communications Contact:

Jeff Frank, 603.683.2083

jeff.frank@connection.com

Investor Relations Contact:

Thomas Baker, 603.683.2505

Senior Vice President, CFO, and Treasurer

tom@connection.com

Source: Connection

FAQ

What contract did Connection (CNXN) receive?

Connection (CNXN) was awarded a technology products and services contract to supply Fairfax County, VA and other government agencies through the GOVMVMT Purchasing Cooperative.

What is the total potential dollar volume of products and services under the agreement?

The total potential dollar volume of products and services that may be purchased under the agreement is $200 million annually.

Who is the president of Connection Public Sector Solutions?

Larry Kirsch is the President of Connection Public Sector Solutions.