PE-Backed ITsavvy Acquires Network Operations Center Services Provider INOC
Private equity-backed ITsavvy has completed its latest acquisition, buying outsourced network operations center (NOC) provider INOC for an undisclosed sum.
This is technology M&A deal 42 that ChannelE2E has covered so far in 2023. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
ITsavvy, founded in 2004, is based in Addison, Illinois. The company has 317 employees listed on LinkedIn. ITsavvy’s areas of expertise include security solutions, engineered solutions, managed services, cloud solutions and unified communications.
INOC, founded in 2000, is based in Northbrook, Illinois. The company has 165 employees listed on LinkedIn. INOC’s areas of expertise include professional services, NOC implementation, NOC operations, NOC optimization, NOC strategy, NOC design, distributed antenna system (DAS) networks, optical networks, subsea/submarine networks, wireless networks, enterprise technology support, data center infrastructure, OEM support, network infrastructure, enterprise and communications service providers. Additionally, INOC is a vendor-certified managed service provider for several critical network OEMs.
ITsavvy is a portfolio company of GenNx360 Capital Partners, a New York-based private equity firm investing in middle-market businesses.
INOC’s employees will join ITsavvy, the company said.
ITsavvy Acquires INOC: Executive Commentary
Munu Gandhi, CEO, ITsavvy, commented:
“INOC has built a strong reputation in the marketplace. Its AIOps-enabled Ops 3.0 platform is a solution designed to drive lower MTTR, higher availability, and greater client satisfaction. Prasad Ravi, Prasad Rao, and their team are thought leaders in designing, building, and operating NOCs. With the addition of INOC, ITsavvy will enhance our Intelligent Edge and Multi-Cloud solution capabilities, enabling us to accelerate time to value in delivering business outcomes for our clients.”
Prasad Ravi, CEO, INOC, said:
“INOC’s commitment is to provide leading-edge NOC services. With investments in our next-generation AIOps NOC platform, we have reached an exciting stage in our evolution. With ITsavvy’s expansive solutions portfolio and expertise in the broader infrastructure market, we can provide quicker technology innovations and better service scalability to clients globally.”
Prasad Rao, president and COO, INOC, added:
“This strategic combination is an excellent opportunity for both companies. Through our conversations with ITsavvy, it became clear that a partnership was highly synergistic and would allow both platforms to benefit greatly.”
ITsavvy’s Business Plan
As noted, ITsavvy has multiple areas of expertise. On the one hand, the company is a value-added reseller (VAR) that resells products. On the other hand, the company offers design and implementation services and client support. In April 2022, the company sold its managed print division to managed print services group Imagetec.
In January 2022, the company acquired Technology Resource Advisors (TRA) K-12 Computing Division of Milwaukee, Wisconsin, a Google Chromebook support partner focused on the K-12 education market.