MSP Acquired: Valeo Networks Buys Network Management Services
Valeo Networks of Scottsdale, Arizona, has acquired Eureka, California-based Network Management Services (NMS). The deal unites two managed IT services providers (MSPs). Financial terms were not released.
This is M&A deal 318 that ChannelE2E has covered so far in 2020. See the full M&A deal list here.
Valeo Networks is a division of Saalex Corporation, which acquired the company in April 2020. Valeo specializes in IT consulting, cloud migration, security, and server virtualization. Th business is a combination MSP and MSSP (managed security services provider). The NMS acquisition will add more than a dozen technicians and system administrators to Valeo, allowing it to scale its operations, the company said.
Founded in 1995, NMS provides technical help desk support, computer support, and consulting to small and midsized businesses.The NMS brand will continue to operate as a DBA Valeo Networks Company and maintain its current headquarters, the firm announced.
Valeo Networks Acquires NMS: A Nationwide Growth Strategy
Travis Mack, president and CEO, Saalex Corp., commented on the NMS acquisition:
“We continue to execute on our nationwide growth strategy and working with highly respected companies like NMS will help us achieve that goal. This acquisition significantly enhances our capabilities in the areas of cybersecurity, cloud computing, and network security service offerings.”
Timothy Foster, CEO, Network Management Services, added:
“After 25 years in business, we are excited to expand our reach by joining Valeo Networks. With the tremendous financial and technical backing of Valeo Networks, NMS will become an even stronger IT service provider, offering a far broader range of advanced cybersecurity services to our clients.”
NMS marks the third acquisition this year for Saalex Corp.’s IT division.
The employee-owned company was founded in 2010 and is headquartered in Camarillo, California.