Improving Holdings Buys Microsoft Partner ProSource Solutions, Gains $10M Revenue
Improving Holdings, LLC has acquired ProSource Solutions, a Microsoft partner that should lift Improving’s yearly revenue by more than $10 million in 2018, the companies indicated. Improving did not disclose what percentage of ProSource’s revenues are recurring vs. project oriented. Financial terms also were not disclosed.
Improving, based in Dallas, positions itself as a full-service technology consulting and training firm focused in Agile, Microsoft (.NET) and Java technologies. The company has offices across Texas, along with local presence in Minnesota, Ohio and Calgary, Canada.
Acquiring ProSource allows Improving to expand its reach within the Midwestern and Southeastern United States, the companies said. Moreover, ProSource gives Improving Holdings key Microsoft and cloud computing skills to help the company “strategically accelerate” its ability to assist customers in those areas, Curtis Hite (pictured), CEO of Improving, said in a prepared statement.
ProSource, based in Richfield, Ohio, specializes in application development, cloud computing, collaboration, and infrastructure categories. The company is a preferred Microsoft Partner and has been awarded “Top U.S. Services Partner of the Year” from Microsoft on five separate occasions. Improving says the merger will significantly strengthen its core consulting and training offerings.
Improving Holdings, ProSource: M&A Veterans
Improving Holdings and ProSource both have M&A experience.
This is Improving Holdings’ fifth acquisition or merger in as many years. The company says its business strategy has largely focused on merging with service companies that share a similar worldview. To that end, the ProSource Solutions team will continue operating and growing the business, the company said. The team will join the Improving brand as its sixth enterprise location.
Meanwhile, ProSource in 2011 acquired cSHARE, a privately-held Northeast Ohio business. cSHARE provides Business Process Management (BPM) solutions and ShareVis BPM software for commercial, manufacturing, financial and healthcare clients.
M&A activity involving VARs, MSPs and CSPs has remained steady and strong this year. Just last week, we mentioned The Purple Guys acquiring We Are It as part of an expansion strategy across Kansas City and St. Louis, Missouri.
Additional insights from Joe Panettieri.