5 things, Private equity, Mergers and Acquisitions, Decentralized identity and verifiable credentials, Multi-cloud management

Channel Brief: Evergreen, Pine Services Group, Nerdio

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Grab a cup of your favorite morning beverage and check out the return of our regular market briefing for managed services providers (MSPs), IT service providers (ITSPs), technology service providers (TSPs), cloud service providers (CSPs) cybersecurity consultants, systems integrators, VARs, independent software vendors (ISVs), and distributors.

Our M&A list is back! - Check out regular updates our industry mergers and acquisitions list. We have a fresh list posted for 2024, and our 2023 data set is now complete. Check out the whole thing here.

Scroll down for a quick view of upcoming in-person channel and MSP events at the bottom of this post (while we spiff up our industry calendar behind the scenes. It will return!)

And please send your news tips, information, and industry chatter to editorial director [email protected].

A. Today’s Tech, Channel and MSP News

1. New executives appointed - MSP focused private equity firm Evergreen’s enterprise resource planning software and services branch, Pine Services Group has added Tommy Dziedzic as its new chief financial officer. The appointment follows Jana Schmidt stepping in as Pine’s new CEO last month, Dziedzic’s appointment is Pine’s second leadership transition since the beginning of the year. Evergreen said the combined expertise of these two executives provides resources and guidance that position Pine at the forefront of the private equity industry.  

2. Platform update rolls out - Nerdio, a solution provider for MSPs looking to manage and cost-optimize native Microsoft cloud technologies, has upgraded Nerdio Manager for MSP (NMM), version 5.0. Nerdio Manager for MSP (NMM) 5.0 bolsters security, enhances user satisfaction, and maximizes margins with features such as AssistPro, an AI-powered in-app assistant delivering instant, context-aware support, and Unified App Management (UAM), a tool ensuring consistency and simplicity of application management across customer environments. More on this release soon.

3. Identity console for MSPs - CyberArk, an identity security company, has launched CyberArk MSP Console, a new tool for managed service providers that improves operational efficiency and scalability. The tool lets MSPs can view and monitor customers using the CyberArk Identity Security Platform via a dedicated, comprehensive dashboard.

4. Upgraded cybersecurity brand - Dyopath, a managed services provider specializing in IT proficiency, cybersecurity, strategic consulting, and AI-driven operational efficiency, is rolling out its new brand of cybersecurity services, DYOGUARD. DYOGUARD ProtectPro is the company’s tier 2 offering, which includes everything offered by DYOGUARD Protect, as well as SOC as a Service, eXtended detection & response (XDR, Enhanced SIEM), physical & virtual network traffic analysis (NTA), vulnerability scanning, automated pentesting, a dedicated security analyst, and live security advisory calls.

5. Acquisition - Identiv, Inc., a global digital security and identification leader in the Internet of Things (IoT), has entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets to Vitaprotech, a security solutions provider. 

B. In-Person MSP and Channel Partner Events

  1. Kaseya Connect - April 29-May 2, MGM Grand Resort, Las Vegas
  2. Dell Technologies World - May 20 -May 23, The Venetian, Las Vegas
  3. IT Nation Secure, (hosted by ConnectWise) June 3-5, 2024, Gaylord Palms Resort & Convention Center, Orlando, Florida
  4. Pax8 Beyond, June 9-11, 2024, Gaylord Rockies Convention Center, Denver, Colorado
  5. FLOW Automation Conference (hosted by Rewst) – June 17- June 19, The Renaissance Tampa International Plaza Hotel, Tampa, Florida
  6. CompTIA ChannelCon, July 30 - August 1, 2024, Atlanta, Georgia, Hyatt Regency Atlanta
Jessica C. Davis

Jessica C. Davis is Editorial Director of CyberRisk Alliance’s channel brands — MSSP Alert and ChannelE2E. She also oversees content and programming for the MSSP Alert Live event. She has spent a career as a journalist covering the business of technology including chips, software, the cloud, AI, and cybersecurity. She previously served as Editor in Chief of Channel Insider and later of MSP Mentor where she was one of the first editors to oversee the creation and vision of the MSP 501 list.