Merger mania continues in the managed services market. The latest example involves PEQ Services + Solutions of Miamisburg, Ohio, merging with Buchanan Technologies of Dallas, Texas. The resulting MSP will have $60 million in annual revenue and 500 employees worldwide. Here’s a closer look.
Managed Services Merger Creates $60 Million Company
Another VAR500 Acquisition: Managed Services In the Spotlight
For the second time in January 2010, there’s major M&A activity within the VAR500. The latest example involves World Wide Technology snapping up Performance Technology Group. The deal potentially bolsters World Wide Technology’s managed services offering in the government market. Here are some quick details.
Two VAR500 Companies Merge; Form Managed Services Giant
Just when I was set to unplug for the night, I noticed another managed services industry merger — the second of the day. This one involves Presidio Inc. and Coleman Technologies Inc. — two VAR500 companies. The duo will combine to create a $1.1 billion Cisco-centric managed service provider that also has VMware, HP and Microsoft expertise. Here are the preliminary details plus some analysis.
Zenoss: Open Source Meets Managed Services (Again)
I’m hearing a familiar trend in the managed services market: MSPs seem to be embracing more and more open source tools. The latest example involves Zenoss, a commercial open source company that specializes in applications, systems and network monitoring.