This is technology M&A deal number 171 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2022, 2021, and 2020 listed here.
Amplix Acquires CAG
Amplix, a portfolio company of Gemspring Capital, was founded in 2011. The company is based in Norwood, Massachusetts and has 54 employees listed on LinkedIn. Amplix’s areas of expertise include RFP (planning, design, implementation), Contract Negotiations, DR Consulting, IT Consulting, UCaaS, Cloud, Cybersecurity, Vendor Management, Business Continuity, Managed Services, and IaaS.
Corporate Accessories Group, founded in 2010, is based in Belmont, Massachusetts. The company serves approximately 175 enterprise and SMB customers. CAG’s areas of expertise include wireless plan management, wireless spend optimization, kitting, and mobility product sales.
Amplix will integrate CAG into its platform with the goal of addressing the growing demand for mobility cost optimization, the company said.
Amplix Acquires CAG: Mobility Expertise
Joe DeStefano, CEO, Amplix, commented:
"We're excited to welcome CAG into the Amplix family and look forward to working closely together to deliver exceptional solutions and service. As our customers continue to consistently prioritize mobility spend optimization, combining our capabilities with CAG's full stack mobility solutions will enhance the differentiated value we can offer. This partnership is a testament to the long-standing relationship between our two companies."
Peter DiNatale, founder, CAG, added:
"Amplix's extensive base of enterprise-level customers presents a tremendous avenue for growth for CAG. As companies increasingly seek ways to cut costs, our deep mobility expertise can offer unparalleled value. We are thrilled to join forces at this opportune moment in CAG's history, and are confident this partnership will create significant growth opportunities for both companies, all of our talented team members and our combined customer bases."