IT and electronic security distributor Ingram Micro has agreed to acquire the Odin brand from commercial cloud management platform technologies provider Parallels Holdings.

The deal will make Ingram Micro owner of associated cloud management technologies, intellectual property and the Odin Service Automation platform, which will serve as a business unit of Ingram Micro. 

The acquisition is significant. It will add about 500 employees from the Odin brand, many being cloud knowledgeable software engineers, according to Ingram, who will be a part of the distributor’s cloud division.

“Now the time has come for us to expand our capabilities by owning the intellectual property that is helping to drive this technology evolution,” Alain Monié, Ingram Micro CEO, said in a statement.

“Odin Service Automation leads in cloud provisioning management and is an established industry standard for integrated cloud services. Our announcement today demonstrates Ingram Micro’s confidence in the technology and talent that Odin has cultivated, as well as our belief that the Odin Service Automation platform will play a significant role in how businesses consume technology in the cloud, “said Monie.

“We intend to continue to enhance the capabilities of the Odin Service Automation platform, while also consistently bringing additional functionality to our combined cloud solutions.” ♦