Category Archives for "Managed Services News"

Jan 05

2nd Watch Buys Aptitive for Cloud Data Expertise as Channel M&A Ramps Up

By | Managed Services News

The cloud MSP will combine capabilities to help enterprises “make smarter business decisions.”

Cloud managed services provider 2nd Watch is buying Aptitive, citing the latter’s expertise in cloud data and analytics.

Seattle-based 2nd Watch, which is privately held, did not disclose what it paid for Aptitive. It did, however, say why it bought the company: for more heft in helping enterprises use data to make smarter business decisions.

Indeed, this need has grown greater in the cloud era and in the wake of remote work fueled by COVID-19. Employees generate more cloud data than ever — within applications and personal files, on social media feeds and smartphones, and more. Organizations require the ability to analyze all of these (and other) sources of information. The results allow them to spot trends in customer demands and satisfaction, identify unused or underused resources, and determine profitable strategies. MSPs such as 2nd Watch aid end users in these endeavors.

Existing Capabilities

To be sure, 2nd Watch already runs a cloud data and analytics practice. It provides data strategy, migration and management; platform selection and implementation; pipeline development; and other services. 2nd Watch will add Aptitive’s capabilities – and staff – to that roster.

The fit looks solid. 2nd Watch teams with the Big Three public cloud computing vendors (Amazon Web Services, Microsoft Azure and Google Cloud). Aptitive, too, holds deep expertise with each of those same providers, among others. At the same time, the Aptitive acquisition gives 2nd Watch expanded reach within the media and entertainment, health care and retail verticals.

2nd Watch's Doug Schneider

2nd Watch’s Doug Schneider

“The strategic and cultural fit with 2nd Watch is incredibly strong and further accelerates scaling both our data and application modernization services as we continue building an enduring cloud-native solutions provider that enterprises trust,” said Doug Schneider, CEO of 2nd Watch.

Paul Corning, CEO of Aptitive, agreed.

Aptitive's Paul Corning

Aptitive’s Paul Corning

“We are thrilled to gain the support and breadth of services that 2nd Watch brings to our Aptitive employees and clients,” Corning said. “Like Aptitive, 2nd Watch combines deep technical skills, top consulting talent and strong culture to deliver outstanding results for its clients. Together we can offer more services, more exceptional performance and a deeper bench across more technologies and skill sets.”

Channel M&A Ramping Up — And It’s Only Jan. 5

The purchase of Aptitive marks 2nd Watch’s first acquisition in its nearly 12-year history. And, Schneider told Channel Futures, “it won’t be our last.”

“We will be very selective and deliberate about making future strategic acquisitions and are not pursuing a roll-up strategy,” he said. “Our growth strategy will continue to focus on expanding our capabilities in the PaaS layer related to data-centric and application modernization solutions, along with vertical market capabilities. Ultimately, future growth will also be complemented by geographic expansion beyond the U.S.”

Already, 2022 appears to be a year ripe for channel M&A. Just five days into a new year – and one still burdened by a relentless, economy-straining pandemic, at that – the transactions have begun to fly. So far, Google Cloud has snapped up Siemplify, Variant Equity is buying MSP CompuCom Systems from Office Depot, and Fishtech Group and Herjavec Group have merged. Meantime, Channel Futures is aware of more deals companies will announce soon (track those stories here).

The strength and numbers of the activity are significant given that 2022 has only just started and COVID-19 continues to do it best to hamper the economy. Channel companies engaging in M&A might also have to consider whether the Great Resignation will affect any planned transactions. If the first five days of the year provide any indication, though, the pandemic and peoples’ job changes might not hold much power to hinder channel firms intent on M&A, especially in hot areas like cloud data.

 

Jan 05

M&A of Midwest Firms Position MSPs for Long-Term Success, Companies Say

By | Managed Services News

“We have been approached by many potential partners over the years, but only this finally felt right to us.”

Minnesota-based Citon Computer Corp. and CW Technology are in position to become bigger and better MSPs via one merger and one acquisition, respectively.

ACP CreativIT/Camera Corner Connecting Point Merger

ACP CreativIT/Camera Corner Connecting Point, which has offices in Illinois and Wisconsin, is a technology solutions provider. The company has merged with Citon Computer Corporation and its sister companies, NetTel, NetGuard and TLX Communications. Together, the businesses will have more than 130 years of founder/family ownership heritage. They will have more than $3.5 billion of IT products and solutions delivered since inception. Also, the companies boast annual revenue of $300 million and nearly 300 employees, they said.

 Citon’s Steven Dastoor

Citon’s Steven Dastoor

Steven Dastoor will continue as Citon’s CEO and join the combined company’s board of directors.

“We have been approached by many potential partners over the years, but only this finally felt right to us,” Dastoor said. “We are excited about the benefits of scale to our customers and employees, yet the opportunity to preserve and build upon our culture and community footprint.”

Citon builds upon ACP and CCCP’s strategy of continuing to grow through acquisitions of companies sharing a common platform. They also plan to preserve the local customer, employee and community roots that have fueled Citon’s success, the company said.

All Citon and sister company employees will stay on as part of the merger, with plans to hire more employees in all locations.

VC3 Acquires CW Technology

South Carolina-based VC3, a managed service provider serving municipalities and commercial businesses across the country, is buying CW Technology. The addition of this firm expands the VC3 portfolio to municipal and commercial clients in Minnesota. It also adds a local presence of operators to the VC3 platform.

Sandy Reeser is VC3’s CEO.

VC3's Sandy Reeser

VC3’s Sandy Reeser

“VC3 continues to strengthen its existing presence nationally, where we already serve many municipalities and organizations across the country. We carry several state municipal leagues endorsements. With decades of experience, together as a team, we will continue to successfully serve clients of all sizes in Minnesota and throughout the United States.

“I look forward to partnering with clients built on the same values and service they have come to expect from CW Technology. I have all confidence that together, VC3 and CW Technology will continue to serve and add value to our clients,” Reeser added.

David Manion is CW Technology’s CEO. He noted that this acquisition will empower CW Technology and VC3 to provide more tailored services to a greater clientele.

“It was clear to me that a partnership made the most sense for our employees, our clients and the company. We continue to grow and evolve in this changing environment,” Manion said.

Jan 05

2nd Watch Buys Aptitive for Cloud Data Expertise as Channel M&A Ramps Up

By | Managed Services News

The cloud MSP will combine capabilities to help enterprises “make smarter business decisions.”

Cloud managed services provider 2nd Watch is buying Aptitive, citing the latter’s expertise in cloud data and analytics.

Seattle-based 2nd Watch, which is privately held, did not disclose what it paid for Aptitive. It did, however, say why it bought the company: for more heft in helping enterprises use data to make smarter business decisions.

Indeed, this need has grown greater in the cloud era and in the wake of remote work fueled by COVID-19. Employees generate more cloud data than ever — within applications and personal files, on social media feeds and smartphones, and more. Organizations require the ability to analyze all of these (and other) sources of information. The results allow them to spot trends in customer demands and satisfaction, identify unused or underused resources, and determine profitable strategies. MSPs such as 2nd Watch aid end users in these endeavors.

Existing Capabilities

To be sure, 2nd Watch already runs a cloud data and analytics practice. It provides data strategy, migration and management; platform selection and implementation; pipeline development; and other services. 2nd Watch will add Aptitive’s capabilities – and staff – to that roster.

The fit looks solid. 2nd Watch teams with the Big Three public cloud computing vendors (Amazon Web Services, Microsoft Azure and Google Cloud). Aptitive, too, holds deep expertise with each of those same providers, among others. At the same time, the Aptitive acquisition gives 2nd Watch expanded reach within the media and entertainment, health care and retail verticals.

2nd Watch's Doug Schneider

2nd Watch’s Doug Schneider

“The strategic and cultural fit with 2nd Watch is incredibly strong and further accelerates scaling both our data and application modernization services as we continue building an enduring cloud-native solutions provider that enterprises trust,” said Doug Schneider, CEO of 2nd Watch.

Paul Corning, CEO of Aptitive, agreed.

Aptitive's Paul Corning

Aptitive’s Paul Corning

“We are thrilled to gain the support and breadth of services that 2nd Watch brings to our Aptitive employees and clients,” Corning said. “Like Aptitive, 2nd Watch combines deep technical skills, top consulting talent and strong culture to deliver outstanding results for its clients. Together we can offer more services, more exceptional performance and a deeper bench across more technologies and skill sets.”

Channel M&A Ramping Up — And It’s Only Jan. 5

The purchase of Aptitive marks 2nd Watch’s first acquisition in its nearly 12-year history. And, Schneider told Channel Futures, “it won’t be our last.”

“We will be very selective and deliberate about making future strategic acquisitions and are not pursuing a roll-up strategy,” he said. “Our growth strategy will continue to focus on expanding our capabilities in the PaaS layer related to data-centric and application modernization solutions, along with vertical market capabilities. Ultimately, future growth will also be complemented by geographic expansion beyond the U.S.”

Already, 2022 appears to be a year ripe for channel M&A. Just five days into a new year – and one still burdened by a relentless, economy-straining pandemic, at that – the transactions have begun to fly. So far, Google Cloud has snapped up Siemplify, Variant Equity is buying MSP CompuCom Systems from Office Depot, and Fishtech Group and Herjavec Group have merged. Meantime, Channel Futures is aware of more deals companies will announce soon (track those stories here).

The strength and numbers of the activity are significant given that 2022 has only just started and COVID-19 continues to do it best to hamper the economy. Channel companies engaging in M&A might also have to consider whether the Great Resignation will affect any planned transactions. If the first five days of the year provide any indication, though, the pandemic and peoples’ job changes might not hold much power to hinder channel firms intent on M&A, especially in hot areas like cloud data.

 

Jan 05

M&A of Midwest Firms Position MSPs for Long-Term Success, Companies Say

By | Managed Services News

“We have been approached by many potential partners over the years, but only this finally felt right to us.”

Minnesota-based Citon Computer Corp. and CW Technology are in position to become bigger and better MSPs via one merger and one acquisition, respectively.

ACP CreativIT/Camera Corner Connecting Point Merger

ACP CreativIT/Camera Corner Connecting Point, which has offices in Illinois and Wisconsin, is a technology solutions provider. The company has merged with Citon Computer Corporation and its sister companies, NetTel, NetGuard and TLX Communications. Together, the businesses will have more than 130 years of founder/family ownership heritage. They will have more than $3.5 billion of IT products and solutions delivered since inception. Also, the companies boast annual revenue of $300 million and nearly 300 employees, they said.

 Citon’s Steven Dastoor

Citon’s Steven Dastoor

Steven Dastoor will continue as Citon’s CEO and join the combined company’s board of directors.

“We have been approached by many potential partners over the years, but only this finally felt right to us,” Dastoor said. “We are excited about the benefits of scale to our customers and employees, yet the opportunity to preserve and build upon our culture and community footprint.”

Citon builds upon ACP and CCCP’s strategy of continuing to grow through acquisitions of companies sharing a common platform. They also plan to preserve the local customer, employee and community roots that have fueled Citon’s success, the company said.

All Citon and sister company employees will stay on as part of the merger, with plans to hire more employees in all locations.

VC3 Acquires CW Technology

South Carolina-based VC3, a managed service provider serving municipalities and commercial businesses across the country, is buying CW Technology. The addition of this firm expands the VC3 portfolio to municipal and commercial clients in Minnesota. It also adds a local presence of operators to the VC3 platform.

Sandy Reeser is VC3’s CEO.

VC3's Sandy Reeser

VC3’s Sandy Reeser

“VC3 continues to strengthen its existing presence nationally, where we already serve many municipalities and organizations across the country. We carry several state municipal leagues endorsements. With decades of experience, together as a team, we will continue to successfully serve clients of all sizes in Minnesota and throughout the United States.

“I look forward to partnering with clients built on the same values and service they have come to expect from CW Technology. I have all confidence that together, VC3 and CW Technology will continue to serve and add value to our clients,” Reeser added.

David Manion is CW Technology’s CEO. He noted that this acquisition will empower CW Technology and VC3 to provide more tailored services to a greater clientele.

“It was clear to me that a partnership made the most sense for our employees, our clients and the company. We continue to grow and evolve in this changing environment,” Manion said.

Jan 05

2nd Watch Buys Aptitive for Cloud Data Expertise as Channel M&A Ramps Up

By | Managed Services News

The cloud MSP will combine capabilities to help enterprises “make smarter business decisions.”

Cloud managed services provider 2nd Watch is buying Aptitive, citing the latter’s expertise in cloud data and analytics.

Seattle-based 2nd Watch, which is privately held, did not disclose what it paid for Aptitive. It did, however, say why it bought the company: for more heft in helping enterprises use data to make smarter business decisions.

Indeed, this need has grown greater in the cloud era and in the wake of remote work fueled by COVID-19. Employees generate more cloud data than ever — within applications and personal files, on social media feeds and smartphones, and more. Organizations require the ability to analyze all of these (and other) sources of information. The results allow them to spot trends in customer demands and satisfaction, identify unused or underused resources, and determine profitable strategies. MSPs such as 2nd Watch aid end users in these endeavors.

Existing Capabilities

To be sure, 2nd Watch already runs a cloud data and analytics practice. It provides data strategy, migration and management; platform selection and implementation; pipeline development; and other services. 2nd Watch will add Aptitive’s capabilities – and staff – to that roster.

The fit looks solid. 2nd Watch teams with the Big Three public cloud computing vendors (Amazon Web Services, Microsoft Azure and Google Cloud). Aptitive, too, holds deep expertise with each of those same providers, among others. At the same time, the Aptitive acquisition gives 2nd Watch expanded reach within the media and entertainment, health care and retail verticals.

2nd Watch's Doug Schneider

2nd Watch’s Doug Schneider

“The strategic and cultural fit with 2nd Watch is incredibly strong and further accelerates scaling both our data and application modernization services as we continue building an enduring cloud-native solutions provider that enterprises trust,” said Doug Schneider, CEO of 2nd Watch.

Paul Corning, CEO of Aptitive, agreed.

Aptitive's Paul Corning

Aptitive’s Paul Corning

“We are thrilled to gain the support and breadth of services that 2nd Watch brings to our Aptitive employees and clients,” Corning said. “Like Aptitive, 2nd Watch combines deep technical skills, top consulting talent and strong culture to deliver outstanding results for its clients. Together we can offer more services, more exceptional performance and a deeper bench across more technologies and skill sets.”

Channel M&A Ramping Up — And It’s Only Jan. 5

The purchase of Aptitive marks 2nd Watch’s first acquisition in its nearly 12-year history. And, Schneider told Channel Futures, “it won’t be our last.”

“We will be very selective and deliberate about making future strategic acquisitions and are not pursuing a roll-up strategy,” he said. “Our growth strategy will continue to focus on expanding our capabilities in the PaaS layer related to data-centric and application modernization solutions, along with vertical market capabilities. Ultimately, future growth will also be complemented by geographic expansion beyond the U.S.”

Already, 2022 appears to be a year ripe for channel M&A. Just five days into a new year – and one still burdened by a relentless, economy-straining pandemic, at that – the transactions have begun to fly. So far, Google Cloud has snapped up Siemplify, Variant Equity is buying MSP CompuCom Systems from Office Depot, and Fishtech Group and Herjavec Group have merged. Meantime, Channel Futures is aware of more deals companies will announce soon (track those stories here).

The strength and numbers of the activity are significant given that 2022 has only just started and COVID-19 continues to do it best to hamper the economy. Channel companies engaging in M&A might also have to consider whether the Great Resignation will affect any planned transactions. If the first five days of the year provide any indication, though, the pandemic and peoples’ job changes might not hold much power to hinder channel firms intent on M&A, especially in hot areas like cloud data.

 

Jan 05

M&A of Midwest Firms Position MSPs for Long-Term Success, Companies Say

By | Managed Services News

“We have been approached by many potential partners over the years, but only this finally felt right to us.”

Minnesota-based Citon Computer Corp. and CW Technology are in position to become bigger and better MSPs via one merger and one acquisition, respectively.

ACP CreativIT/Camera Corner Connecting Point Merger

ACP CreativIT/Camera Corner Connecting Point, which has offices in Illinois and Wisconsin, is a technology solutions provider. The company has merged with Citon Computer Corporation and its sister companies, NetTel, NetGuard and TLX Communications. Together, the businesses will have more than 130 years of founder/family ownership heritage. They will have more than $3.5 billion of IT products and solutions delivered since inception. Also, the companies boast annual revenue of $300 million and nearly 300 employees, they said.

 Citon’s Steven Dastoor

Citon’s Steven Dastoor

Steven Dastoor will continue as Citon’s CEO and join the combined company’s board of directors.

“We have been approached by many potential partners over the years, but only this finally felt right to us,” Dastoor said. “We are excited about the benefits of scale to our customers and employees, yet the opportunity to preserve and build upon our culture and community footprint.”

Citon builds upon ACP and CCCP’s strategy of continuing to grow through acquisitions of companies sharing a common platform. They also plan to preserve the local customer, employee and community roots that have fueled Citon’s success, the company said.

All Citon and sister company employees will stay on as part of the merger, with plans to hire more employees in all locations.

VC3 Acquires CW Technology

South Carolina-based VC3, a managed service provider serving municipalities and commercial businesses across the country, is buying CW Technology. The addition of this firm expands the VC3 portfolio to municipal and commercial clients in Minnesota. It also adds a local presence of operators to the VC3 platform.

Sandy Reeser is VC3’s CEO.

VC3's Sandy Reeser

VC3’s Sandy Reeser

“VC3 continues to strengthen its existing presence nationally, where we already serve many municipalities and organizations across the country. We carry several state municipal leagues endorsements. With decades of experience, together as a team, we will continue to successfully serve clients of all sizes in Minnesota and throughout the United States.

“I look forward to partnering with clients built on the same values and service they have come to expect from CW Technology. I have all confidence that together, VC3 and CW Technology will continue to serve and add value to our clients,” Reeser added.

David Manion is CW Technology’s CEO. He noted that this acquisition will empower CW Technology and VC3 to provide more tailored services to a greater clientele.

“It was clear to me that a partnership made the most sense for our employees, our clients and the company. We continue to grow and evolve in this changing environment,” Manion said.

Jan 05

2nd Watch Buys Aptitive for Cloud Data Expertise as Channel M&A Ramps Up

By | Managed Services News

The cloud MSP will combine capabilities to help enterprises “make smarter business decisions.”

Cloud managed services provider 2nd Watch is buying Aptitive, citing the latter’s expertise in cloud data and analytics.

Seattle-based 2nd Watch, which is privately held, did not disclose what it paid for Aptitive. It did, however, say why it bought the company: for more heft in helping enterprises use data to make smarter business decisions.

Indeed, this need has grown greater in the cloud era and in the wake of remote work fueled by COVID-19. Employees generate more cloud data than ever — within applications and personal files, on social media feeds and smartphones, and more. Organizations require the ability to analyze all of these (and other) sources of information. The results allow them to spot trends in customer demands and satisfaction, identify unused or underused resources, and determine profitable strategies. MSPs such as 2nd Watch aid end users in these endeavors.

Existing Capabilities

To be sure, 2nd Watch already runs a cloud data and analytics practice. It provides data strategy, migration and management; platform selection and implementation; pipeline development; and other services. 2nd Watch will add Aptitive’s capabilities – and staff – to that roster.

The fit looks solid. 2nd Watch teams with the Big Three public cloud computing vendors (Amazon Web Services, Microsoft Azure and Google Cloud). Aptitive, too, holds deep expertise with each of those same providers, among others. At the same time, the Aptitive acquisition gives 2nd Watch expanded reach within the media and entertainment, health care and retail verticals.

2nd Watch's Doug Schneider

2nd Watch’s Doug Schneider

“The strategic and cultural fit with 2nd Watch is incredibly strong and further accelerates scaling both our data and application modernization services as we continue building an enduring cloud-native solutions provider that enterprises trust,” said Doug Schneider, CEO of 2nd Watch.

Paul Corning, CEO of Aptitive, agreed.

Aptitive's Paul Corning

Aptitive’s Paul Corning

“We are thrilled to gain the support and breadth of services that 2nd Watch brings to our Aptitive employees and clients,” Corning said. “Like Aptitive, 2nd Watch combines deep technical skills, top consulting talent and strong culture to deliver outstanding results for its clients. Together we can offer more services, more exceptional performance and a deeper bench across more technologies and skill sets.”

Channel M&A Ramping Up — And It’s Only Jan. 5

The purchase of Aptitive marks 2nd Watch’s first acquisition in its nearly 12-year history. And, Schneider told Channel Futures, “it won’t be our last.”

“We will be very selective and deliberate about making future strategic acquisitions and are not pursuing a roll-up strategy,” he said. “Our growth strategy will continue to focus on expanding our capabilities in the PaaS layer related to data-centric and application modernization solutions, along with vertical market capabilities. Ultimately, future growth will also be complemented by geographic expansion beyond the U.S.”

Already, 2022 appears to be a year ripe for channel M&A. Just five days into a new year – and one still burdened by a relentless, economy-straining pandemic, at that – the transactions have begun to fly. So far, Google Cloud has snapped up Siemplify, Variant Equity is buying MSP CompuCom Systems from Office Depot, and Fishtech Group and Herjavec Group have merged. Meantime, Channel Futures is aware of more deals companies will announce soon (track those stories here).

The strength and numbers of the activity are significant given that 2022 has only just started and COVID-19 continues to do it best to hamper the economy. Channel companies engaging in M&A might also have to consider whether the Great Resignation will affect any planned transactions. If the first five days of the year provide any indication, though, the pandemic and peoples’ job changes might not hold much power to hinder channel firms intent on M&A, especially in hot areas like cloud data.

 

Jan 05

M&A of Midwest Firms Position MSPs for Long-Term Success, Companies Say

By | Managed Services News

“We have been approached by many potential partners over the years, but only this finally felt right to us.”

Minnesota-based Citon Computer Corp. and CW Technology are in position to become bigger and better MSPs via one merger and one acquisition, respectively.

ACP CreativIT/Camera Corner Connecting Point Merger

ACP CreativIT/Camera Corner Connecting Point, which has offices in Illinois and Wisconsin, is a technology solutions provider. The company has merged with Citon Computer Corporation and its sister companies, NetTel, NetGuard and TLX Communications. Together, the businesses will have more than 130 years of founder/family ownership heritage. They will have more than $3.5 billion of IT products and solutions delivered since inception. Also, the companies boast annual revenue of $300 million and nearly 300 employees, they said.

 Citon’s Steven Dastoor

Citon’s Steven Dastoor

Steven Dastoor will continue as Citon’s CEO and join the combined company’s board of directors.

“We have been approached by many potential partners over the years, but only this finally felt right to us,” Dastoor said. “We are excited about the benefits of scale to our customers and employees, yet the opportunity to preserve and build upon our culture and community footprint.”

Citon builds upon ACP and CCCP’s strategy of continuing to grow through acquisitions of companies sharing a common platform. They also plan to preserve the local customer, employee and community roots that have fueled Citon’s success, the company said.

All Citon and sister company employees will stay on as part of the merger, with plans to hire more employees in all locations.

VC3 Acquires CW Technology

South Carolina-based VC3, a managed service provider serving municipalities and commercial businesses across the country, is buying CW Technology. The addition of this firm expands the VC3 portfolio to municipal and commercial clients in Minnesota. It also adds a local presence of operators to the VC3 platform.

Sandy Reeser is VC3’s CEO.

VC3's Sandy Reeser

VC3’s Sandy Reeser

“VC3 continues to strengthen its existing presence nationally, where we already serve many municipalities and organizations across the country. We carry several state municipal leagues endorsements. With decades of experience, together as a team, we will continue to successfully serve clients of all sizes in Minnesota and throughout the United States.

“I look forward to partnering with clients built on the same values and service they have come to expect from CW Technology. I have all confidence that together, VC3 and CW Technology will continue to serve and add value to our clients,” Reeser added.

David Manion is CW Technology’s CEO. He noted that this acquisition will empower CW Technology and VC3 to provide more tailored services to a greater clientele.

“It was clear to me that a partnership made the most sense for our employees, our clients and the company. We continue to grow and evolve in this changing environment,” Manion said.

Jan 05

TPx Alum Bisnoff Joins Delis at GTT, Becomes New Channel Chief

By | Managed Services News

Bisnoff had been consulting with EagleTEQ Advisors.

GTT Communications just tapped Ken Bisnoff as its channel chief.

The telco nabbed the co-founding member of TPx Communications (TelePacific) as senior vice president, channel chief. Bisnoff worked at TPx for 18 years before moving into the consultancy business.

Bisnoff, Ken_GTT

GTT’s Ken Bisnoff

He joins Jim Delis, who started working as GTT’s Americas president in November. The two worked together for three years at TPx, while Delis was senior vice president of national channel development and Bisnoff was senior vice president of strategic opportunities. Bisnoff will work in Delis’ division.

Delis-Jim_TPx

GTT’s Jim Delis

The move comes a little under a year after Bisnoff joined EagleTEQ Advisors. The consultancy advises companies in the channel about sales, marketing and M&A. He worked alongside Mike Cromwell (who founded the company in 2016), Curt Allen, Cardi Prinzi and Steve Braverman.

Bankruptcy

GTT, which operates a tier 1 global IP network, filed for chapter 11 bankruptcy in October. A bankruptcy court three weeks ago approved the company’s prepackaging plan, which will reduce $2.8 billion in debt. GTT executives emphasized that their partners and employees “are being paid in the ordinary course of business for obligations incurred prior to and after the commencement of the chapter 11 cases.”

GTT specializes in multilocation, multinational companies and has put forward its SD-WAN offerings as a differentiator. The vendor recently added Palo Alto Networks as a SASE platform partner. GTT expanded its channel program in 2017 and recently scored top honors among AT&T resellers.

Another EagleTEQ member recently announced an initiative. Cardi Prinzi signed on as an advisor for the new ILEC Brightspeed, in addition to his job at the consultancy.

Jan 05

Edafio Technology Partners Closes On Significant Strategic Investment

By | Managed Services News

The chunk of change from M/C Partners is meant to boost growth opportunities for the Arkansas-based MSP.

MSP Edafio Technology Partners has a new strategic investment partnership with M/C Partners that it says will help the company grow. Look for enhanced service capabilities and regional expansion from this managed service provider.

Edafio's Kenny Kinley

Edafio’s Kenny Kinley

“This partnership will speed the expansion of Edafio’s services as well as enable our continued growth across the region,” said Kenny Kinley, Edafio’s president and CEO. 

History

Founded in 1999, Edafio was an outgrowth of the JPMS-Cox accounting firm. The company provides managed services, public and private cloud solutions, and cybersecurity services to midmarket and SMB customers. Edafio primarily operates across Arkansas with an expanding customer presence in Tennessee and Oklahoma. 

Since its inception, Edafio’s founding group of owners have been heavily involved in the business. As a result, the business has made its mark.

“These are successful business partners who were able to grow both an accounting firm as well as a technology company,” said Kinley. “… we look forward to the next chapter of growth in partnership with M/C.”

A Strategic Partnership

“Edafio has established an impressive track record of providing high-quality services to a broad range of customers across the region,” said Abhishek Rampuria, partner at M/C Partners. “[This is] in addition to vertical-specific expertise in industries such as health care that have increasingly complex and evolving IT needs. We look forward to partnering with the talented team at Edafio to accelerate their efforts and continued success in building a leading regional MSP through both organic growth initiatives and strategic acquisitions.”

“The MSP market opportunity remains a key focus area for M/C and this investment in Edafio is consistent with our strategy of partnering with strong businesses and teams that have a relentless focus on customer success,” added Gillis Cashman, managing partner at M/C Partners.

Citizens M&A Advisory was a financial adviser for this strategic investment.

>