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Finance

Financial information and management tips for VARs, managed services providers (MSPs), cloud services providers (CSPs), IT service providers and channel-friendly technology companies.

Datto Hires CFO; Data Protection IPO On the Radar?

Datto hires Akamai veteran Timothy Weller as CFO. Does initial public offering (IPO) await business continuity, networking, security & MSP-focused company?

Measuring, Benchmarking Your Company’s Cloud Services Business Performance

The 2112 Group Cloud Altimeter, backed by Microsoft & Ingram Micro, helps IT service providers measure their cloud services performance vs. market metrics.

Customer People

LJT & Associates Shifts to ESOP Ownership

LJT & Associates Inc., an engineering firm and IT services provider in Columbia, Maryland, shifts to an ESOP (Employee Stock Ownership Plan) business model.

Every Business Owner Should Obtain A Professional Valuation

Entrepreneurs & small businesses should obtain an independent, third-party valuation of their companies every two years, GEM Strategy Management, Inc. says.

OwnBackup: Salesforce, ServiceNow Cloud Backup Provider Raises $7.5M

OwnBackup, a cloud backup provider for Salesforce, Slack & ServiceNow, raises $7.5 million in Series B funding. CEO Sam Gutmann previously led Intronis.

Exit Strategies, Legacy Planning, Business Valuations (And Your Values)

How to make your business the fuel that funds your family’s prosperity for generations to come. HTG Legacy Summit prepares to offer guidance.

SEC Charges IT Services Company With Accounting Fraud

Former Quadrant 4 System Corp. CEO & CFO charged with alleged accounting fraud. IT services provider may sell some assets amid Chapter 11 bankruptcy filing.

ESOPs Can Give Young Employees Financial Boost

Young employees greatly benefit from Employee Stock Ownership Plans (ESOP), a new study from the National Center for Employee Ownership (NCEO) suggests.

Presidio Quarterly Earnings: Bellwether for MSPs, Hybrid Cloud, Security Services

Presidio (PSDO), led by CEO Bob Cagnazzi, emerges as bellwether for IT solutions providers in the MSP, hybrid cloud & security services markets.

Technology Solutions Provider Transitions to ESOP (Employee Stock Ownership Plan)

Modern Technology Solutions Inc. (MTSI), a technology solutions provider, is now 100% employee owned. Employee stock ownership plan (ESOP) fully in place.