Private Equity Archives

3Cloud Acquires Microsoft Azure Partner

Microsoft Azure cloud partner 3Cloud, backed by private equity firm Gryphon Investors, acquires Pragmatic Works’ consulting arm. Creates largest U.S. Azure partner, buyer claims.

Private Equity Firm Invests In ServiceNow Elite Partners GlideFast, Pharicode

Private equity firm BV Investment Partners invests in sister technology consulting firms GlideFast & Pharicode, two ServiceNow Elite partners.

Private Equity Acquiring Virtusa IT Service Provider for $2B

Baring Private Equity Asia is acquiring Virtusa, a global IT services provider, for $2.0 billion. The deal’s valuation: A lofty 16.2X EBITDA.

Centerbridge Acquires $1.3B AHEAD Enterprise Cloud MSP

Private equity firms Centerbridge Partners & Berkshire Partners acquire AHEAD, a $1.3B enterprise cloud MSP and digital transformation specialist.

LogMeIn Buyout Completed; IT Management Provider Goes Private

Private equity firms Francisco Partners & Evergreen Coast Capital complete LogMeIn acquisition. IT management software provider goes private facing business headwinds, intensified competition.

Tech Data Acquiring Innovix Distribution for Asia Pacific Expansion

Tech Data, backed by private equity firm Apollo Global Management, is acquiring Innovix Distribution for Asia Pacific expansion. Distribution market consolidation, evolution accelerates.

Quest Software Acquires Microsoft Office 365 Migration Specialist Binary Tree

Quest Software, backed by private equity firms Francisco Partners & Elliott Management, acquires Microsoft Office 365 cloud migration specialist Binary Tree.