This is technology M&A deal number 281 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Founded in 2009, Edrans provides a range of enterprise cloud solutions that includes strategy, migration, application modernization, development, recurring cloud managed services, DevOps-as-a-Service and cloud cost optimization solutions. The company’s advanced cloud offerings include artificial intelligence, machine learning, the internet-of-things, and advanced data engineering and analytics. Edrans has 130 employees.
The acquisition will help Netrix scale its cloud solutions portfolio and adds advanced technical capabilities, according to the company. Edrans' consultants and developers will join Netrix’s international team based in the United States, India, Bulgaria, and the Philippines, the company said.
Edrans’ founding partners, Javier D’Ovidio and Martin Bianco, will continue to oversee existing Edrans customers and personnel while supporting broader Netrix growth initiatives Netrix said.
Netrix Acquires Edrans: The Growth Strategy
Russell P. Reeder, CEO, Netrix, commented
“The cloud is a foundational component of digital transformation. Sophisticated cloud capabilities and a global delivery model are critical to Netrix’s strategy of supporting clients as they seek to transform and optimize their businesses and leave behind siloed, inflexible, and expensive IT infrastructure. The acquisition of Edrans is a continuation of our strategy to bolster our core pillars of security, cloud, and IT solutions while also expanding our team of highly talented personnel across the globe. We are thrilled to welcome our new team members from Argentina, Spain, Uruguay, Mexico, and the United States to Netrix and look forward to partnering together to support our clients and foster a culture of growth across our global team.”
Javier D’Ovidio, founding partner, Edrans, said:
“Martin and I are excited for this next chapter as part of Netrix. There is strong cultural alignment across our organizations in terms of growth orientation, a shared customer-centric mindset, and a mutual desire to foster an entrepreneurial and collaborative professional experience for our colleagues. We are thankful to our clients, team members, and partners for the support they’ve provided to us since we founded the business over a decade ago and look forward to this next chapter as we enhance the foundation of Netrix’s global cloud solution practice.”
Don Penland, senior vice president of corporate development, Netrix, added:
“With the acquisition of Edrans, our capabilities and depth of talent across multiple public cloud ecosystems have been significantly broadened and deepened, especially in the areas of application modernization, DevOps, and advanced cloud workloads. Our customers are eager to leverage these solutions to add value and compete more effectively within their end-markets, and with Edrans as part of Netrix’s global platform, we are better suited to serve as their trusted cloud advisor.”
Headquartered in Chicago, Illinois, Netrix is a Gold-level Microsoft partner. The company typically works with small and midsized enterprise customers and has additional locations in Milwaukee, Wisconsin, and India.
The company has made a number of acquisitions in recent years, including:
- December 2020: The Microsoft Consulting and Managed Services business unit of Prosum Inc
- July 2021: The managed IT services business unit of Contegix
- September 2021: Microsoft Partner PSC Group
Netrix has been backed by tech-focused private equity firm OceanSound Partners since a recapitalization in August 2020.
DC Advisory served as financial advisor to Edrans. Womble Bond Dickinson (US) and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Netrix.