Milestones

ChannelE2E provides news on mergers and acquisitions (M&A), funding, IPOs and other milestones for CSPs, MSPs, VARs, ISVs and technology partners in the IT channel.

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Merger Creates $1.5 Billion MSP Called Exela Technologies

Feb 23, 2017 by Joe Panettieri

A Novitex-SourceHOV merger creates Exela Technologies, an MSP with $1.5 billion in revenues and a $2.8 billion valuation. Here’s the EBITDA math & strategy.

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OVH Acquires Oregon Data Center, Offers Free DDoS Attack Protection

Feb 23, 2017 by Joe Panettieri

OVH, a CSP for Infrastructure-as-a-Service (IaaS), now owns 23 data centers worldwide. Patents & DDoS attack mitigation are points of differentiation.

Venture Capital Money Dollars Currency

Real Estate Investment Trusts (REITs) Keep Buying Data Centers

Feb 22, 2017 by Joe Panettieri

Carter Validus Mission Critical REIT II, a non-traded real estate investment trust, acquires an Arizona data center for $16.2 million. More to come?

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CBTS Acquires SunTel Services for Midwestern IT Expansion

Feb 22, 2017 by Joe Panettieri

CBTS, a VAR and MSP owned by Cincinnati Bell, acquires SunTel Services, a unified communications (UC) solutions provider with IT security expertise.

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Atos Acquires Dell, EMC, Pivotal Big Data Partner zData

Feb 21, 2017 by Joe Panettieri

Atos acquires zData, an MSP focused on Pivotal, the big data platform from Dell. Atos gains managed services for Couchbase, Greenplum, HAWQ, Hadoop & Solr.

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EQT Infrastructure Acquires Lumos Networks: 10X EBITDA Valuation

Feb 21, 2017 by Joe Panettieri

EQT Infrastructure acquires Lumos Networks for roughly $950 million, or slightly more than 10 times Lumos’s annual adjusted EBITDA expectations. Here’s why.

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Blackstone Acquires AWS, Microsoft, Salesforce Cloud Partner Cloudreach

Feb 17, 2017 by Joe Panettieri

Blackstone acquires Cloudreach, a $60 million MSP & IT consulting firm that supports Amazon Web Services (AWS), Microsoft Azure & Salesforce clouds.

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Melbourne IT Acquires Outware Systems for 4.7X EBITDA Valuation

Feb 16, 2017 by Joe Panettieri

Melbourne IT, a major Outware Systems shareholder since June 2015, now acquires the entire mobile app development company for 4.7 times EBITDA.

Acquired Puzzle Piece

Also Holding AG Acquires Security Distributor Internet Smartsec

Feb 14, 2017 by Joe Panettieri

ALSO Holding AG acquires Internet Smartsec, a value-added distributor (VAD) of security and network products. It follows ALSO’s buyout of BeIP.

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Inabox Acquires Hostworks MSP for 2X EBITDA Valuation

Feb 13, 2017 by Joe Panettieri

Inabox Group acquireds Hostworks, a managed cloud services provider (CSP) with a single pane of glass for Microsoft Azure, Amazon AWS, Google & IBM Cloud.