Finance

Financial management, cash flow, revenue, EBITDA and profit tips for MSPs, IT service providers (ITSPs) and cybersecurity consulting companies.

Accounting Firm Baker Tilly Acquires ERP Technology Consultant Vanilla

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Baker Tilly U.S. acquires Vanilla, a consulting firm that specializes in the sales, implementation and support of ERP software.

Multi-Cloud MSP Rackspace Seeks to Lift Sagging Stock

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Rackspace ($RXT) stock buyback plan reinforces challenges & opportunities in the AWS, Azure & Google multi-cloud managed services market.

PE-Backed E78 Partners Acquires Cadilus

The acquisition of Cadilus will accelerate E78 Partners’ growth and expand the combined company’s services and geographic reach.

Atris Technology Acquires Hogan Financial Systems

Atris’ acquisition of Hogan Financial Systems will expand the companies’ portfolio of end-to-end retail banking solutions and services.

Rackspace Financial Forecast Reveals Multi-Cloud MSP Challenges

Rackspace, a bellwether stock ($RXT) for multi-cloud MSP services, may face slowing growth before the business re-accelerates in 2H of 2022, CFO indicates.

SBA PPP Small Business Loan Forgiveness Deadline Updates

Small Business Administration PPP (Paycheck Protection Program) loan information: SBA PPP loan application & forgiveness deadline, terms, calculator & more.

PE Firm Capficiency Acquires Microsoft SharePoint Partner KWizCom Corporation

Private equity firm Capficiency has acquired KWizCom Corporation, a Microsoft SharePoint applications developer.

Accolite Digital Acquires AWS, Azure Partner Xerris

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Digital transformation company Accolite Digital has acquired Xerris, a Canadian cloud and software development services provider.

Zendesk Rejects Private Equity Buyout Offer

Zendesk rejects unsolicited $16 billion buyout offer from private equity firms. Separately, Thoma Bravo also had interest in cloud-based customer support software maker, report indicates.

Computex Acquired; SEC Filings Reveal MSP’s Financial Performance

Computex’s MSP & professional services revenues were flat & margins fell in Q3 of 2021. Can new Computex owner Calian Group drive stronger MRR & ARR growth?