MSP Acquisition: Intech Buys Kali Systems
Both companies are Hawaiian managed service providers, with Intech focusing on cybersecurity and compliance and Kali Systems working with Hawaii-based healthcare customers.
Kali Systems was founded in 2003. Over the past 10 years or so the company has taken advantage of the growing need for healthcare support services within organizations that need closely manage their IT costs while minimizing risks. The company also provides cloud backup and cybersecurity services which compliment Intech’s own offerings, the company said.
“Combining our companies seemed very natural and are excited to increase our existing healthcare client base.” said Sam Gridley, CEO and founder of Intech. “Our Worry-Free IT Service helps ensure compliance while improving security and efficiencies in the highly-regulated healthcare industry.”
All of Kali Systems’ current employees will remain on board following the acquisition. “We’re thrilled to be joining the Intech family,” said Chris Picciotto, president & founder of Kali Systems. “Our clients will continue to experience the same exceptional support that Kali Systems has been known for but are now a part of a larger company with an expanded technical bench. Customers will immediately see new options in data backup and disaster recovery as well as gain access to a team of experienced help desk technicians.”
Intech, founded in 1991, also has a presence in the Continental United States. In 2009 the company opened an office in Las Vegas to look for technical talent in the area, and recently extended its service portfolio to support customers in that region.
The Intech-Kali Systems deal caught our eye in May during the Memorial Day holiday weekend. Around the time, The 2112 Group also mentioned the publicly disclosed deal to us.
Of course, we’ve been tracking the continuing consolidation news, but keeping up with the sheer volume deals can prove difficult. Recent data shows that M&A activity was up in the first quarter of 2018 over the previous year and experts say the trend looks primed to continue.