Financial Services M&A: Omega Systems Merges With ACE IT Solutions
Omega Systems, a Pfingsten Partners portfolio company, has merged with ACE IT Solutions. Financial terms of the deal were not disclosed.
The combined MSP (managed IT services provider), featuring 110 employees overall, gains scale in the financial services sector, Ace IT Solutions Managing Partner Warren Finkel told ChannelE2E.
This is technology M&A deal number 371 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Omega, founded in 2002, is headquartered in Reading, Pennsylvania. The company will leverage the combination to extend its portfolio of smart solutions, including private and public cloud hosting, managed cybersecurity, managed support, NOC and escalation services, 24×7 service desk support, disaster recovery, and more.
The company primarily works with companies that face high compliance and regulatory demands in the banking, manufacturing, healthcare, professional/legal services, education, and local government industries. The deal will also strengthen Omega’s presence in the financial services market, the company aid.
ACE IT Solutions, founded in 2009, provides technology and IT services to various industries including financial services and alternative investments, manufacturing, automotive, real estate, insurance, and more.
Omega Systems Merges With ACE IT Solutions: Leadership Insight
Bill Kiritsis, CEO, Omega Systems, commented:
“ACE IT is widely respected in the financial services industry, and collectively with Omega’s expertise supporting highly regulated companies, we’re poised to demonstrate significant value to organizations contending with rigorous compliance demands and in need of sophisticated and innovative managed technology solutions.”
Warren Finkel, managing partner, ACE IT Solutions added:
“I’m thrilled for ACE IT to join the Omega family and look forward to expanding and enhancing our service offerings together and introducing customers to new and emerging technologies that fuel their growth, fortify their operations and safeguard them against today’s growing threats.”