In addition to the MSP merger and acquisition news coverage below, MSPmentor maintains a comprehensive list of MSP M&A deals that occurred in 2012. We update the list regularly as new MSP mergers and acquisitions occur. Find the MSPmentor MSP M&A list here.
The Aldridge Company, a technology and cloud integrator for SMBs, has merged with Rafte & Company, a business and technology consulting firm, to offer a more comprehensive IT support offering. Financial terms were not disclosed. Here’s a little more background on both Texas-based companies, as well as what the merger means for both Aldridge and Rafte business customers.
AVI-SPL, a video communications provider, has acquired Iformata Communications LLC, a managed video services provider. Under the terms of the deal, AVI-SPLwill take over Iformata’s Video Network Operations Center (VNOC) business and its VNOC Symphony management platform. Overall, AVI-SPL is adding a suite of end-to-end automation services that includes call setup, intelligent framing, automated monitoring and event correlation, as well as a new managed conferencing offering.
Call it the second managed services merger (or acquisition) of 2012. Canfield Computers and Steel Valley Computers, both of Ohio, have essentially merged their IT services and managed services businesses, effective January 1, 2012. The combined company apparently will work under the Candfield Computers moniker. Financial terms were not disclosed but here’s some anecdotal information about the deal.
It’s time to shift our managed services coverage back into overdrive. The New Year holiday is over. MSPs are getting back to work. But before you check in with your customers, here are seven managed services blogs and MSP news tips that MSPmentor didn’t have a chance to write for the week ending December 30, 2011.
Network Depot has acquired Evolve Technologies, MSPmentor has confirmed. The New Year deal combines two well-known managed services providers (MSPs) that support SMB customers in the Washington, D.C., metropolitan area. Here are the initial details.
Before MSPmentor marches forward with you into 2012, we’re spending this week looking back at the most read managed services stories of 2011. Let’s get started: Here’s a look at the most read MSP stories from Q1, 2011 and their implications for managed services providers.
I’m a little late with this weekly managed services blog because of family commitments — a good excuse this time of year. Happy Holidays to all of our readers. Now, here are seven managed services blogs and MSP news tips that the MSPmentor team didn’t have a chance to write for the week ending Dec. 23, 2011.
Autotask has sold VARStreet to VARStreet’s management and employees, ending a 21-month business marriage that never quite clicked. Autotask will focus on international expansion with VARs and MSPs, while VARStreet heads off as an independent company, seeking to help VARs and MSPs to more easily source IT products. Here’s why the two companies ultimately went their separate ways.
For the second time today, MSPmentor has confirmed new merger and acquisition (M&A) activity in the managed services market. The latest emerging deal, expected to be announced in Q1 2012, involves an MSPmentor 100 company that will merge with a cloud services provider. The other pending M&A deal, MSPmentor reported earlier today, involves two MSPs on the U.S. east coast. Yes folks, the 2012 merger season is starting early.
Two well-known managed services providers are finalizing M&A (merger and acquisition) discussions, and the two MSPs will likely announce a business combination in January 2012, MSPmentor believes. The pending deal, which apparently involves two MSPs on the U.S. east coast, will potentially be the first managed services M&A deal announced in 2012.
The IT services provider Dimension Data has acquired two companies — BlueFire and Netforce — as part of an effort to expand its footprint in Asia and Australia. The acquisitions can really be considered one, as the two companies merged their services under the BlueFire name roughly one year ago.
Here’s a quick question: Would you sell your managed services provider business for 10 to 12 times EBITDA (earnings before interest, taxes, depreciation and amortization)? In other words, if your earnings were about $200,000 in 2011, would you sell your MSP business for $2 million to $2.4 million? Before you answer consider this update from Mike Jones, CEO of ETG, one of North America’s top MSPs serving the health care vertical. Jones recently reached an intriguing decision.
As Best Buy works to complete the mindSHIFT buyout by the end of 2011, I’ve reached the following conclusion: Small MSPs need not worry about the deal. Here’s why.
The Zenith Infotech bond default case will apparently have its next court hearing on November 14. In the meantime, Summit Partners apparently is willing to share details about the Zenith RMM purchase from Zenith Infotech — if the details are not disclosed publicly. But will those details really emerge? Here’s the update.
The mindSHIFT executive team, in an apparent email to customers, described Best Buy’s $167 million buyout of mindSHIFT, and the potential synergies from the deal. The memo confirms that mindSHIFT had been seeking “a new investor” for several months. MSPmentor has not directly confirmed the memo’s authenticity. But generally speaking, it looks like the real deal to me. Here’s the memo…
Zenith RMM CEO Michael George is further distancing the company from Zenith Infotech, which recently defaulted on a bond payment. The latest move involves a private video from George to Zenith RMM partners and customers. Although Zenith RMM and Zenith Infotech continue to partner, George in the video said Zenith RMM is not encumbered by Zenith Infotech’s bond issue with debt holders. Here’s a closer look at the video.
When Best Buy announced plans to acquire mindSHIFT Technologies today, the $167 million deal raised numerous questions about the managed services and cloud services markets. Here are the top nine questions MSPmentor will be exploring in the hours and days ahead.
Best Buy is acquiring mindSHIFT Technologies, one of the top managed services providers in the SMB market, for $167 million. The Best Buy-mindSHIFT deal ends a major chapter in the managed services market — and begins a new one as well. Updated, 9:12 a.m. ET, Nov. 7: Here’s a closer look at the potential implications of Best Buy purchasing mindSHIFT.
Presidio Networked Solutions, a managed services provider, has acquired INX Inc., a fellow managed service provider. Presidio will bulk up its staff to over 1,800 IT pros throughout approximately 50 offices across the U.S.
More evidence that e-discovery has entered a consolidation phase comes from Flex Discovery, an Austin, Texas MSP that recently completed an acquisition and has two more in the works. Here’s a look at the strategy.
GFI Software has acquired Monitis, which develops cloud-based network and systems monitoring software. The GFI-Monitis deal surfaces a few weeks before the first GFI User Conference (Nov. 8-9, Orland0, Fla.). Monitis will march forward as its own brand, while also integrating into the GFI Max RemoteManagement platform, which GFI promotes to MSPs. Meanwhile, there are also signs that GFI and Autotask are working more closely together. Here’s why.
All Covered, the nationwide managed service provider and a division of Konica Minolta, has acquired ColdCypress, a Pittsburgh, Pa.-based IT consulting and IT services firm that specializes in Microsoft SharePoint, VMware and PC server virtualization services.
Zenith RMM CEO Michael George continues to draw a cordial but clear line between his company and that of Zenith Infotech, which recently defaulted on a bond payment. While Zenith RMM continues to partner with Zenith Infotech, George says Zenith RMM will also take steps to ensure MSPs have alternative cloud and BDR (backup and disaster recovery) partner solutions from which to choose.
