Evolve IP Acquires Clearlogin for IDaaS
Evolve IP acquires Clearlogin, an identity authentication technology provider. Evolve IP’s cloud platform will gain IDaaS cybersecurity capabilities.
CompuCom Discloses 1H2017 Quarterly Revenues, Financial Results
Amid Office Depot’s pending $1 billion buyout of CompuCom, the IT service provider reveals financial results for 1Q and Q2 2017 in an SEC filing.
AppRiver CEO Seeks Tuck-In Acquisitions for MSP Partner Platform Expansion
Backed by fresh private equity funding, AppRiver seeks tuck-in acquisitions for global MSP business platform, CEO Michael Murdoch tells ChannelE2E.
Thrive Acquires New York MSP Precision IT for Financial Services Push
Thrive (aka Thrive Networks) acquires Precision IT, a New York-based MSP with financial services expertise. Cloud and cybersecurity push also accelerates.
Office Depot’s Valuation for CompuCom: Roughly 10 Times EBITDA
Office Depot’s $1B CompuCom buyout has a valuation of over 10 times EBITDA, sources say. But post-deal synergies may improve the math for Office Depot.
Office Depot Acquires CompuCom IT Services for $1 Billion
Office Depot buys CompuCom for $1 billion and pivots toward business technology services revenues. But Office Depot’s core business continues to weaken.
Continuum Navigate 2017: Multiple PSA Options Surface for MSPs
At Continuum Navigate 2017, watch for familiar PSA (professional services automation) names like Autotask & ConnectWise plus upstarts Computicate & Promys.