Mergers and Acquisitions, Mergers and Acquisitions

Saalex Acquires Defense IT Services and Support Provider Netsimco

Washington DC, USA skyilne on the Potomac River with Lincoln Memorial, Washington Memorial, and Arlington Memorial Bridge. (Washington DC, USA skyilne on the Potomac River with Lincoln Memorial, Washington Memorial, and Arlington Memorial Bridge., ASC

Saalex Corporation has acquired Middletown, Rhode Island-based Netsimco, an IT services and tech support provider. Financial terms of the deal were not disclosed, but according to a statement from Saalex, the acquisition of Netsimco, a $30 million company, grows Saalex to a $100 million annual revenue organization.

This is technology M&A deal number 278 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.

Saalex Acquires Government IT Services and Support Provider Netsimco

Netsimco was founded in 1999 and is a service-disabled veteran-owned small business specializing in warfare analysis and war game support, information technology, and advanced modeling and simulation, according to a statement from the companies. Netsimco provides information technology support, IT services and past-performance analysis for aerospace and defense organizations and has experience in Operational Level of War training and education, the company said. In the past six years, Netsimco has experienced 20% annual growth and has over 180 employees in four states.

Saalex Corp. was founded in 1999 by Travis Mack and is headquartered in Camarillo, California. The firm is a federal services contractor providing test range operations and management, engineering and logistics services, cybersecurity and IT services to government and defense customer, according to Saalex. Saalex Corp. also is a service-disabled veteran-owned business.

The transaction significantly scales Saalex's offerings and provides it with expanded capabilities in the aerospace and DoD markets, Saalex said.

The acquisition will see Netsimco become a wholly-owned subsidiary of Saalex, and its executive leadership will stay on with the company through the transition, according to Saalex. Employees of Netsimco will be able to participate in the company's employee-ownership plan, and the companies said no staffing reductions are planned.

Travis Mack, founder and CEO, Saalex Corporation
Travis Mack, founder and CEO, Saalex Corporation

Saalex Acquires Netsimco: Long-Term Growth Strategy

Travis Mack, president and CEO, Saalex Corporation, commented on the news:

"This acquisition is part of a long-term growth strategy we have put in place to significantly grow our business to become one of the largest employee-owned IT services providers in the DoD space. Netsimco has unrivaled credibility with information tech support and past performance for its defense customers, and we are thrilled to bring that expertise and those capabilities into Saalex."

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!

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