Datalink To Grow Strong With Acquisitions

Boston, MA 03/04/2013 (wallstreetpr) – Datalink Corporation (NASDAQ:DTLK) has announced acquisition strategies after posting strong fourth quarter results for year ending 2012. Revenue grew by 29% to $491.2Million for the year and is said to achieve a sales figure of $567.5Million as per analyst’s estimates.

Datalink Corp, provider of data storage and cloud computing services aims to achieve $1Billion sales in three years and have planned to reach this by a series of acquisitions. It targets to buy smaller players in the area with the annual sales of $60Million to $125Million. With this the company plans to expand its network in many other states from the existing operation in 20 states in the US and District of Columbia.

The Minnesota based company has acquired Midas Medici Group Holdings Inc. (PINK: MMED) a unit of Stra Tech in October last year for $20.3Million by which it gained many customers in the eastern US.

Datalink Corporation (NASDAQ:DTLK) shares have been rising for the past few days on account of results release. Shares are currently trading at $10.08 a share up 0.8% from yesterday’s close. Average volume of shares trading is at 80,209.

The company aims to attain $1Billion sales milestone in three years.

The shares of Datalink Corporation (NASDAQ:DTLK) is at $10.43.

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Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.