Fraser Advanced Information Systems has acquired AAxios Technologies, an MSP in the Philadelphia area that offers cloud and cybersecurity services. Financial terms of the deal were not disclosed.
This is technology M&A deal number 672 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Fraser AIS, founded in 1971, has 136 employees listed on LinkedIn. The company provides business technology solutions and process automation to companies across eastern and central Pennsylvania and western New Jersey. The firm offers a Global Support Center based in its West Reading headquarters, and also has regional offices in the Lehigh Valley, Philadelphia and Harrisburg.
Fraser delivers remote process and equipment management including copier meter readings and supply replenishment to network monitoring, security, voice and video conferencing, cybersecurity, backup and recovery, manage print services and digital signage to companies across all industries. The company is an authorized dealer for Sharp, Canon, Lexmark, KIP, Muratec and HP Inc. print solutions.
AAxios is based in Warrington, Pennsylvania, and offers IT managed services, networking and cloud security solutions for industrial, office, medical and commercial industries.
The acquisition of Aaxios will increase Fraser AIS' geographic reach and offer strategic planning, network management, security and hands-on remote engineering services to more customers, according to the companies.
In a prepared statement about the deal, Fraser AIS President William Fraser said:
“The acquisition of Aaxios Technologies strengthens our market position across the Delaware Valley as an expanding IT solutions provider to the small, mid-size and major account business community. Aaxios clients can expect to continue to receive the same outstanding service and support to which they are accustomed. The addition of Aaxios Technologies to the Fraser portfolio will provide their customers with more choices for their office technology needs, as well as expanded services in regards to copiers, printers, business phone and voice services, video conferencing, digital displays and more.”
