Technology solutions provider CEI has acquired Fourth Dimension Technologies, an IT solutions and managed service provider (MSP). Financial information was not disclosed.
This is technology M&A deal number 103 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
CEI, founded in 1992, is based in Pittsburgh, Pennsylvania. The company has 1,514 employees listed on LinkedIn. CEI’s areas of expertise include Microsoft development, digital strategy, application maintenance and support, mobile development, UX and visual design, Java and open source development, enterprise information management, digital marketing and content management, eCommerce, quality assurance and testing, project management, business analysis, flexible capacity staffing, Agile, IT contracting, project services, strategy, DevOps, bots, big data, managed services, database services, Agile transformation, application integration, BI, application modernization, mobile apps, web applications, IT excellence, technology enablement, operational excellence..
Fourth Dimension, founded in 1989, is based in Chennai, India. The company has 415 employees listed on LinkedIn. Fourth Dimension’s areas of expertise include remote infrastructure management, managed services, managed security services, outsourcing for MSPs, consulting services, infrastructure optimization, infrastructure design and integration, information protection, and lifecycle management.
Expanded Capabilities and Expertise
The deal, which was finalized in late March 2024, expands CEI’s service portfolio, particularly in managed IT services and cloud solutions.
Fourth Dimension provides solutions to companies in various industries, including banking, manufacturing, and healthcare. As a result, the acquisition enhances CEI's existing offerings but also strengthens its partnerships with major industry leaders such as Microsoft, Cisco, and VMWare, CEI said.
Executive Insights
D. Raja, CEO, CEI, commented:
"We are thrilled to welcome the Fourth Dimension team to the CEI family. This acquisition is a significant step forward in our mission to provide our clients with the most comprehensive and innovative technology solutions available. Fourth Dimension's expertise in managed services and their global reach perfectly complement our existing offerings, allowing us to deliver an exceptional level of service and support to a wider audience, while also expanding our offerings to our current clients."
Jagannathan Narayanan, CEO, Fourth Dimension, commented:
"Joining forces with CEI represents an exciting opportunity for both of our organizations. By combining our resources and expertise, we can create a truly unique offering that will empower our clients to thrive in today's dynamic technological environment."
