United Stationers Announces Sale Of MBS Dev To Project AX

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United Stationers Announces Sale Of MBS Dev To Project AX

 news 2014-12-23 at 10:08:38 am Views: 236
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    United Stationers Announces Sale Of MBS Dev To Project AX

    DEERFIELD, Ill., Dec. 21 2014 /PRNewswire/ — United Stationers Inc. today announced that its wholly-owned subsidiary, United Stationers Supply Co., sold MBS Dev, a subsidiary focused on software solutions for distribution companies.  MBS Dev was purchased by Project AX (PAX), a newly-formed Microsoft Dynamics AX provider.  

    "As part of PAX, MBS Dev will be advanced to meet the specialized needs of distribution industries.  This development will benefit our customers by supporting their online and ebusiness needs more thoroughly," said P. Cody Phipps, United Stationers' president and chief executive officer. 

    "Acquiring MBS Dev is the linchpin of our entire strategy," said PAX co-founder and chief executive officer Thomas Ajspur. "As one of the largest Dynamics AX providers in the U.S., we have the knowledge, scale and capability to support the Microsoft push into the enterprise space."  PAX concurrently announced its purchase of MBS Dev and Celenia Software, a multinational Microsoft Dynamics Gold Certified partner.   

    For the nine months ended September 2014, MBS Dev's revenues totaled $13 million, and earnings were slightly dilutive to the company.  In the fourth quarter of 2014, United expects to record a loss of an estimated $8-10 million related to MBS Dev.

    Company Overview
    United Stationers Inc. is a leading supplier of business essentials, with 2013 net sales of $5.1 billion. The company stocks a broad assortment of over 140,000 items, including technology products, traditional office products, janitorial and breakroom supplies, office furniture, and industrial supplies. The Company's network of 77 distribution centers allows it to deliver these products to approximately 25,000 reseller customers. This network, combined with United's breadth and depth of inventory, enables the Company to ship most products overnight to more than ninety percent of the U.S. and major cities in Mexico and Canada. For more information, visit unitedstationers.com.