PC Connection acquires Ill. firm

Merrimack-based PC Connection Inc. has announced the acquisition of ValCom Technology, a provider of cloud-based IT service management software, for $11.6 million.Under the terms of the stock purchase agreement, PC Connection said it paid the shareholders of ValCom Technology $8.6 million at closing and will pay up to an additional $3 million upon the achievement of certain performance milestones over the next 18 months.Headquartered in Itasca, Ill., in the Chicago metropolitan area, ValCom has provided technology services tomedium-to-large corporate organizations for over 28 years. It has over 200 employees and generated about $40 million in revenue in 2010.ValCom will operate as a wholly owned subsidiary of PC Connection from its current facility and will continue to operate under the ValCom name. — JEFF FEINGOLD/NEW HAMPSHIRE BUSINESS REVIEW