Benzinga | Aug 2, 2021 12:02PM EDT

CDW Acquires Cybersecurity Firm Focal Point Data Risk For Undisclosed Terms

* Multi-brand technology services and solutions provider CDW Corp (NASDAQ:CDW) acquired cybersecurity services provider Focal Point Data Risk.

* The financial terms of the transaction remain undisclosed.

* Focal Point's capabilities expand CDW's services portfolio and enhance its ability to address risks posed by malicious cyber threats and cyber workforce shortages, CDW CEO Christine A. Leahy stated.

* Focal Point is not likely to have a material impact on CDW's 2021 non-GAAP EPS.

* CDW held $878.6 million in cash and equivalents as of Mar. 31.

* Price action: CDW shares traded higher by 0.77% at $184.76 on the last check Monday.