Momentum Telecom Acquires CloudNet for Unified Communications Services
Momentum Telecom, backed by private equity ownership, acquires CloudNet Group, a provider of cloud voice, mobility, SD-WAN, contact center, and other unified communications services.
GE Sells ServiceMax to Silver Lake; Spins Off GE Digital and Predix
GE Digital sells majority stake in ServiceMax to Silver Lake, the private equity firm that owns stakes in Dell Technologies & SolarWinds. Can ServiceMax boost cloud-based field service management software market share?
ConvergeOne Acquires Cisco Partner Venture Technologies
ConvergeOne acquires Venture Technologies, a solutions integrator & private cloud provider that partners with Cisco Systems, Dell EMC, VMware & Pure Storage.
MSP Merger: Private Equity Funds CareWorx, Fully Managed Deal
CareWorx & Fully Managed Technology merge managed services provider (MSP) businesses to offer expertise across ServiceNow, Senior Care & cloud services markets. Private equity funds the deal.
MSP Investors: Evergreen President Brad Wittwer’s Business Strategy
Evergreen Services Group President Brad Wittwer explains MSP (managed services provider) acquisition and investment strategy. The latest deal: acquiring NetGain Technologies.
Evergreen Services Group Acquires NetGain Technologies
Evergreen Services Group acquires 12th MSP: NetGain Technologies, a well-known managed services provider (MSP) in Lexington, Kentucky. NetGain, in turn, is expected to make tuck-in acquisitions.
Caliburn Prepares IPO, Pursues IT Services Provider Acquisitions
Government contractor Caliburn, backed by private equity firm DC Capital Partners, pursues potential $100 million IPO (initial public offering) & plans IT service provider acquisitions.
Private Equity-backed EverWatch Acquires Government IT Consulting Firm
EverWatch, owned by Enlightenment Capital, acquires Dynamic Engineering Solutions (DES) for government IT consulting & cloud services expertise.
Friday’s Exit Strategy: MSP Business KPIs and Private Equity
Which MSP key performance indicators (KPIs) do private equity firms value? Evergreen Services Group Head of M&A Ramsey Sahyoun points to these business KPIs for managed services providers.
Forecast: Private Equity Buyers Dominate M&A
Private equity buyers of businesses in the so-called “knowledge intensive arena” are expected to make 75 percent more acquisitions over the next two to three years than strategic acquirers, a survey says.