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NTT Completes Secure-24 Managed Services Acquisition

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NTT Communications has finalized the buyout of Secure-24, a 600-person MSP that specializes in managed application and database services for Microsoft, Oracle and SAP customer environments, the companies confirmed today. Financial terms were not disclosed.

Secure-24's customer base includes Fortune 1,000 companies that require managed services for enterprise-class applications. The company's core clientele typically spans manufacturing, finance, pharmaceuticals, healthcare, insurance, government and transportation.

Secure-24 was in growth mode ahead of the M&A deal. The company’s revenue jumped 24 percent in the first half of 2017 vs. the corresponding period in 2016. Also, the company generated 15 consecutive years of double-digit growth and consistent profitability, Secure-24 indicated in August 2017.

Founded in 2001, Secure-24 is based in Southfield, Michigan will offices in Hyderabad, India. NTT announced plans to acquire the company in November 2017.

Hot MSP Acquisition Targets

MSPs that offer managed database and enterprise application service are hot commodities in the M&A sector. Just yesterday, private equity firm Madison Dearborn Partners (MDP) acquired Remote DBA Experts (RDX), an MSP that offers remote database and cloud managed services.

Additional noteworthy deals include:

ChannelE2E is aware of at least one more M&A deal in this application-centric MSP space that's expected to close later this month. Stay tuned for updates.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.