Mergers and Acquisitions, Mergers and Acquisitions, MSP, Content

MSP Acquisition: NuMSP Buys NetFusion

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NuMSP has acquired NetFusion, a managed IT services provider (MSP) in Los Angeles, the companies confirmed today. Financial terms were not disclosed.

NetFusion, founded in 1995, focuses on law firms, CPAs and business management firms. The company has between 11 and 50 employees, according to its LinkedIn profile.

NetFusion President Dave Watts
NetFusion President Dave Watts

Describing the deal, NuMSP CEO Jim Griffith said in a prepared statement:

"We are excited to expand into the Los Angeles marketplace with the acquisition of NetFusion. Their excellent reputation and expertise in providing industry-specific technology solutions will greatly contribute to our goal of building a nationwide MSP company."

Added Dave Watts, president and founder of NetFusion:

"We are pleased to have reached this agreement with NuMSP, which provides value-added benefits to our customers and additional growth opportunities for our employees. After nearly 24 years of running NetFusion, I can confidently say that our people exemplify the very best talents in the business, and we get the benefit of joining a company with a highly complementary vision while continuing to serve our customers from an industry-leading position."

NuMSP Keeps Acquiring MSPs

This is NuMSP's 11th acquisition to date. The company is striving to build a nationwide network that offers Fortune 500-class IT services to SMB customers. To this point, however, the company has not disclosed its headcount figures nor its funding sources.

The company's earlier deals, among others, include acquiring:

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.