ECS and My IT Merger: MSP Backgrounds
ECS, founded in 1994, is a managed IT service provider (MSP) that offers hosted cloud services, disaster recovery, virtual CIO and security services. The company is headquartered in Shreveport, Louisiana.My IT, founded in 2000, is an MSP that offers managed IT, hosted cloud services, disaster recovery, virtual CIO, VoIP and security services.
“ECS and My IT have each forged successful, growing businesses by establishing enduring client relationships, solution-oriented service and support, and professional and responsive teams. Together, the combined company will expand our offerings and service platform to the growing base of small and mid-size businesses in the Gulf South region and beyond.”
“This merger brings together two industry leading managed service providers. We, along with our partners at ParkSouth, are excited to support the collective ECS and My IT teams to further accelerate growth and provide our small and mid-size business clients with exceptional technology services and solutions that meet their complex needs.”
“I couldn’t be more excited for what lies ahead for the combined ECS and My IT, their employees, and clients in this next chapter.”
The Top Down Ventures: On A Related Note...
There's also an interesting angle involving Top Down Ventures, an investment firm backed by MSP veterans that develops SaaS companies. Former IT Glue CEO Chris Day is the driving force behind Top Down Ventures.
“The successful combination of ECS and My IT will allow our partner and current CEO of My IT, Patrick Leonard, to focus his full attention on Backup Radar, an IT MSP SaaS provider and portfolio company of Top Down Ventures. We are very pleased to see My IT join forces with ECS to form the preeminent provider of IT managed services in the Gulf South.”
Additional Deal Influencers, Advisors
Additional parties involved in the ECS-My IT deal include:- Moore & Van Allen acted as legal advisor to ParkSouth;
- Robinson, Bradshaw & Hinson acted as legal advisor to Kian Capital;
- FOCUS Investment Banking acted as exclusive financial advisor to ParkSouth and Kian in connection with their investment in My IT.
