PCM, an IT services provider based in El Segundo formerly named PC Mall, announced that it has acquired the $800 million business-to-business assets of Systemax’s North American Technology Group, according to CRN.com, a news site.

Under the agreement, PCM will acquire the right to hire approximately 400 sales representatives across the United States and Canada, certain contracts, and intellectual property rights to brands including TigerDirect, an online retailer of electronics and other products, among others.

“This is an exciting acquisition intended to allow us to further leverage our operating infrastructure and bring our comprehensive solutions offerings to an expanded customer base,” said Frank Khulusi, PCM’s chief executive, in a statement.

According to CRN.com, the deal will drastically reshape the balance of power in the IT provider market. The deal will make PCM, which earlier this year acquired En Pointe and MSP Acrodex, larger than PC Connection, which posted $2.46 billion in sales last year, the site reports.

Systemax of Port Washington, N.Y., will exit its remaining technology group-related operations after the sale.