This is technology M&A deal number 741 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
General Informatics Acquires Versiant
Based in Baton Rouge, Louisiana, General Informatics is an IT managed services provider serving businesses, schools and government agency customers across the southeast United States, according to the statement.
Versiant, based in Charlotte, North Carolina, started as the IT department for a division of a large Fortune 300 company and now specializes in applications, development, infrastructure, network, data center, cloud, security, compliance and support for clients globally. Versiant has domain expertise in maritime and logistics, data analytics and security, health care, manufacturing, financial, aerospace, government and other industries, according to the statement.
In 2020, General Informatics and RPI developed an aggressive growth strategy that included leveraging acquisitions in addition to organic growth. In the last year, the company has expanded its reach to Mississippi, Alabama and now the Carolinas with the addition of Versiant, according to the statement. This is General Informatics’ second acquisition in 2021 and its first outside the state of Louisiana.
General Informatics Acquires Versiant: Executive Commentary
Don Monistere, CEO and president of General Informatics commented on the news:
“After our first meeting with Versiant, I knew this was the next step for General Informatics. Versiant’s geography and unique offering is aligned with our strategic vision, but what makes this partnership even more exciting is Versiant’s exceptional client driven team.”
Ed Reade, CEO of Versiant, stated:
“We are excited to be joining forces with one of North America’s fastest growing MSP’s. Partnering with General Informatics and Rosewood Private Investments to support our aggressive growth strategy seems to be the perfect fit! Don and I are excited about bringing these two fantastic teams together.”