Post-bankruptcy
The company emerged from bankruptcy in the mid-1990s with $200 million in hand and embarked on a course of acquisition and self-reinvention, eschewing its former role as an innovative designer and manufacturer of computer and related systems. Later in the 1990s, and under the guidance of then CEO Joe Tucci, with the acquisition of the Olsy division of Olivetti the company changed its name to Wang Global. By then Wang had settled on "network services" as its chosen business.
In 1999 Wang Global, by then back up to $3.5 billion in annual revenues, was acquired by Getronics of The Netherlands, a $1.5 billion network services company active only in parts of Europe and Australia. Joe Tucci departed Wang after the acquisition for EMC Corporation.
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The Wang VS product line, not actively marketed since the 1992 bankruptcy and now a tiny portion of the Getronics business, survives to this day (February 2006) with 1,000 to 2,000 systems worldwide. The most advanced legacy VS model, capable of supporting over 1,000 users — the VS18000 Model 950 — was released in 1999, and smaller models based on the same CPU chip were released in 2000 — the VS6760 and the VS6780. A new line of Wang VS was introduced in 2005 using completely new hardware.
On July 27, 2007, Dutch telecommunications operator KPN NV said it will launch a management-backed cash bid of €766 million (US$1.04 billion) for information-technology-services company Getronics. KPN Chief Executive Ad Scheepbouwer said he doesn't rule out job cuts after the merger. "But in that case, this will be a couple of hundred of jobs rather than thousands," he said. Getronics CEO Klaas Wagenaar will step down after the merger is completed.
In August 2008 KPN sold Getronics North America (Getronics-Wang) to CompuCom of Dallas, Texas (see below).
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