Shared Technologies Acquired By Arrow Electronics

Irving, Texas-based Shared Technologies, a provider of unified communications and managed services, has been acquired by Arrow Electronics. Arrow said it completed its buy of Shared Communications this morning. No financial terms of the buy were disclosed. Arrow said that Shared has approximately 1,000 employees, and sales in 2009 of approximately $250M. Arrow Electronics is a major distributor of electronic components and enterprise computing products, and is based in New York.