Office Depot Inc. today announced that it will acquire 4Sure.com Inc. and the businesses of its two web-based retail outlets, Computers 4Sure.com and Solutions4Sure.com. 4Sure.com will become a subsidiary of Office Depot. It operates two web sites from its headquarters and call centers in Connecticut. Terms of the acquisition were not disclosed.
Computers4Sure is an on-line technology superstore featuring more than 60,000 name brand technology products including PC hardware, software, networking, and supplies focused on the small-office/home-office and consumer markets. Solutions4Sure.com serves small and medium sized businesses with technology products and services.
4Sure.com was founded in late 1998 by its president, Bruce Martin, and by Linwood A. Lacy, Jr. Martin was head of merchandising at Ingram Micro Inc. and president and COO of Multiple Zones International. Lacy was chairman and CEO of Ingram Micro. Martin will remain president of the 4Sure operations after the acquisition.
Bruce Nelson, Office Depot`s CEO, stated: “Technology products and solutions are the most frequently requested items by our on-line customers. Today, we offer only a very limited assortment and this acquisition will give us a recognized brand and web sites, a well established customer base, and a virtual inventory of more than 60,000 products that will be drop shipped directly to customers. We also acquire a highly skilled and experienced management team that will strategically position Office Depot to reach tech savvy buyers — IT department managers, and younger tech literate buyers who prefer to buy on-line instead of in retail stores.”
Office Depot has previously announced that it anticipates global e-commerce sales of $1.5 billion for 2001 and continued significant growth for the future. It says it remains on track to achieve that goal.