This acquisition marks technology M&A deal number 303 covered by ChannelE2E and MSSP Alert in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
ReachOut Technology, founded in 2010, is based in Mokena, Illinois. The company has 17 associated members listed on LinkedIn. ReachOut's areas of expertise include IT Management, Cloud Services, IT Support, Data Backup Services, Business Strategy, IT Consulting, Phone Systems / VoIP, and Cybersecurity.
RedGear, founded in 2015, is based in El Paso, Texas. The company has 15 associated members listed on LinkedIn. RedGear's areas of expertise include IT consulting and integration.
The acquisition adds nearly $4 million in revenue to ReachOut’s portfolio and also introduces specialized services in the education and government sectors, including Structured Cabling and Secure Access Control, the company said in a statement. The acquisition particularly strengthens ReachOut’s position in the Education sector and Department of Defense (DoD) compliance services, positioning the company at the forefront of Cybersecurity Maturity Model Certification (CMMC) readiness.
ReachOut Acquires RedGear: Executive Commentary
Luciano Aguayo III, president of RedGear, commented on the news:
“This merger marks a significant milestone for us and the broader Southwest Technology community. My longstanding vision of uplifting our region, especially RedGear’s unmatched reputation with school districts and government entities, is becoming a reality. We’re not just creating opportunities for future engineers; we’re setting a new standard of excellence and extending our services in these sectors nationwide.”
Rick Jordan, founder and CEO of ReachOut Technology, added:
“Acquiring RedGear is more than just a business decision; it’s about merging expertise, passion, and vision. The inclusion of Structured Cabling and Secure Access Control from RedGear into our services is a significant value addition. We’re excited about the synergies this partnership will bring and are eager to set new benchmarks in the industry.”
ReachOut's M&A Strategy
ReachOut Technology said it will continue to expand through strategic acquisitions. In September, ReachOut acquired Ind Technology.