ServiceNow SecOps Partner M&A: InSource Buys Beck
InSource has acquired Beck Strategies, a security operations (SecOps) and integrated risk management consulting firm. Both companies are MSPs and ServiceNow Elite Partners. Financial terms of the deal were not disclosed.
This is technology M&A deal number 349 that ChannelE2E has covered so far in 2022.
- See more than 1,000 technology M&A deals for 2022, 2021, and 2020 listed here.
- See more than 50 ServiceNow partner M&A deals listed here.
InSource Acquires Beck Strategies: ServiceNow Partner Backgrounds
InSource, founded in 2000, is based in Wayne, Pennsylvania. The company has 121 employees listed on LinkedIn. In addition to ServiceNow know-how and staffing resources, InSource has expertise in the Snowflake data management and Okta identity management markets. Also, InSource has its own software — called StandardizedPro — for asset visibility and management.
Beck Strategies, founded in 2018, is based in Tampa, Florida. The company has 30 employees listed on LinkedIn. In addition to consulting expertise, Beck has developed Easy Map — which allows system administrators to identify business rules, access control lists, client scripts, UI Actions, and UI Policies that are associated with a form or particular field.
In a prepared statement about the deal, InSource CEO Mark Lafond said:
“What we have seen from our clients is a broadening need within the ServiceNow ecosystem where one can deliver on multiple workflow requirements throughout an organization. We feel that BECK Strategies is a leader in two of the fastest growing segments on the ServiceNow platform which is Security Operations and Integrated Risk Management. BECK Strategies has experience providing Managed Services to clients and we see this as a growth area for both ServiceNow license and implementation sales. This level of expertise and experience will be key drivers in our double-digit growth plan for this year and beyond.”
Added Beck Strategies CEO Mark Ceely:
“For our clients, this acquisition allows us to present to them additional enterprise expertise in business and asset management, as well as advisory and support services. Also, the colleague-first and customer-centric cultures of InSource and BECK Strategies are totally compatible with each other which should provide great benefits to our employees and customers.”
ServiceNow Partner M&A and Knowledge Live 2022 Conference Information
Meanwhile, M&A activity in the ServiceNow partner ecosystem remains steady and strong. Example deals so far in 2022 include:
- February 2022: NewRocket, backed by private equity firm Gryphon Investors, acquired Service Stack Technologies.
- February 2022: TELUS acquired Fully Managed.
- January 2022: Private equity firm Godspeed Capital Management acquired Savli Group, a ServiceNow professional services partner focused on federal government agencies.
- January 2022: Octo Consulting acquired B3 Group.
It’s a safe bet more M&A deals will surface after MSPs and IT consulting firms meet and compare notes at the ServiceNow Knowledge Live 2022 conferences — which are scheduled for various dates and locations in May 2022.