MSP Acquisition: Naka Technologies Buys Microsoft Partner Northern Star Technology Group
Global IT solutions provider Naka Technologies has acquired Northern Star Technology Group, a Microsoft-certified niche IT services provider from Long Island, New York. Financial terms of the deal were not disclosed.
This is technology M&A deal number 833 that ChannelE2E covered in 2021. See all technology M&A deals for 2022, 2021, and 2020 listed here.
Naka Acquires Northern Star Technology Group: Business Backgrounds
Naka, founded in 2017, boasts a solutions portfolio that includes digital transformation, business analytics, cloud, security and emerging solutions. The company has 75 employees. Naka has made three acquisitions in as many years and plans to ramp up its investment strategy into 2022.
Northern Star, founded in 2010, specializes in the small business technology needs of medical and dental services, real estate professionals and fire protection agencies. The team of 12 includes technical experts certified in cloud enablement, managed services, data recovery, and backup.
Naka Acquires Northern Star: Expanding Resources
Charles Ferretti, CEO, Northern Star, commented:
“The past two years have been game-changing for small businesses, introducing unforeseen challenges and opportunities. NAKA will bring resources currently not available to my clients.”
Dan Bergschneider, director of business development for Naka, said:
“NAKA’s vision has allowed for consistent growth year over year, and our culture is a big part of our success. We embrace diversity, inclusion, and teamwork, allowing all employees to be heard. Charlie recognizes that his Northern Star team has been instrumental in building his profitable business. NAKA will be looking for a similar combination in future acquisitions.”