PCM Buys TigerDirect, Other Assets From Systemax

El Segundo-based PCM, the IT services provider once known as PCMall, said it has acquired the business-to-business assets of Systemax's North American Technology Group. Those businesses include IT products brand TigerDirect. The deal was worth $14M in cash. TigerDirect is an online retailer of electroincs, computers, jewelry, health and fitness, home, and many other products. PCM said the deal will strengthen its footprint in the Small to Medium sized business (SMB) marketplace.