Private equity, Mergers and Acquisitions, MSP, Content

MSP Acquisition: RDX Completes NaviSite Buyout

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RDX, led by a new but familiar executive leadership team, has completed the NaviSite acquisition from Charter. The deal, announced in August 2019, seeks to bolster RDX as a leading provider of cloud, database and application managed services.

LinkedIn: Gina Murphy, president and COO, RDX
LinkedIn: Gina Murphy, president and COO, RDX
Mark Clayman, CEO, Navisite

In a prepared statement about the NaviSite deal, RDX CEO Mark Clayman today said:

“We are building RDX into a next-generation cloud provider, with a unique portfolio of business-centric strategy and services. Our goal is to enable enterprises to shed the constraints of legacy IT, so they can move to a cloud-driven model of innovation, insight and enablement that drives their revenue, margins and return on investment.”

Added RDX President and Chief Operating Officer Gina Murphy.

“Our mission is clear: build the premier global technology services provider that is capable of managing the most complex and mission-critical IT environments.”

RDX: New Executive Leadership Team

Clayman, Murphy and CFO Art Green joined RDX ahead of the M&A deal's completion. The executives have extensive background within and around the managed cloud services market.

  • Clayman previously was CEO of TriCore Solutions (acquired by Rackspace). Earlier, he was SVP of sales and marketing at NaviSite.
  • Murphy previously was senior VP and GM of Rackspace application services. Earlier, she was COO at TriCore and VP at NaviSite.
  • Green previously was CFO at TriCore and has also been an independent consultant.
  • Also ahead of the NaviSite deal, RDX had more than 200 employees in the United States, and approximately 50 between the U.K. and India, according to a spokesperson for the company. Post-deal headcount figures have not been disclosed.

    RDX Company Background, Ownership

    Madison Dearborn Partners acquired RDX (short for  Remote DBA Experts) in April 2018, and has made multiple tuck-in acquisitions since that time. Recent RDX acquisitions include:

    • ClearDB, for managed database as a service (DBaaS) capabilities, in March 2019.
    • clckwrk, a London-based AWS expert & an Oracle Gold Partner, in February 2019.
    • Madison Dearborn Partners has extensive experience acquiring and building MSPs and MSP-friendly companies. Key investments include Intermedia, a SaaS provider to MSPs.

      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.

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