BlueAlly Acquires Virtual Graffiti: Executive Perspectives
In a prepared statement about the dal, Source Capital Managing Partner Tom Harbin said:"BlueAlly and Virtual Graffiti have built impressive IT services and solutions focused businesses but with different business models. The capabilities and cultures of the two organizations are highly compatible and the combined company will be well-positioned to accelerate growth. We look forward to supporting the strategies of this new player in the IT services sector.”
“Through the combination of Virtual Graffiti’s unique security expertise and BlueAlly’s managed security services offering, new and existing customers will have access to best-in-class security solutions and services. The partnership with Virtual Graffiti ideally positions the combined business to best serve the rapidly growing IT security industry.”
“Virtual Graffiti has built a differentiated IT solutions platform centered around security solutions. For some time, we have wanted to add a managed security services offering to meet our customers’ needs and enable further growth. BlueAlly gives us immediate access to such an offering, along with the infrastructure to deliver these services on a larger scale.”
Source Capital: Private Equity Focus
BlueAlly's private equity owner, Source Capital, typically backs companies with more than $2 million in EBITDA seeking a growth-oriented partner. Source Capital since its founding in 2002 has made:- 23 equity platform investments;
- 41 add-on acquisitions; and
- 30 debt investments.
