This is M&A deal number 192 that ChannelE2E has covered so far in 2020. See the complete M&A deal list here.
SaalexIT, a division of Saalex Corp., is a combination MSP and Managed Security Service Provider (MSSP) providing cloud services, cybersecurity, network security, and managed IT services. The employee-owned company was founded in 2010 and is headquartered in Camarillo, California.
The acquisition will bolster SaalexIT’s operations in the Southwest region (specifically California, Arizona, and New Mexico, among other states) and enable it to scale by leveraging the automation expertise and engineering resources of Valeo, the company said.
Valeo Networks will operate under its name, working as a SaalexIT Company, and maintain its Scottsdale headquarters.
Valeo Networks Acquisition: C-Suite Perspectives
Travis Mack, president and CEO of Saalex, commented:
“We are extremely excited to complete the acquisition of Valeo Networks – a thriving, innovative business that expands our collective footprint to three Southwestern states. The acquisition of Valeo Networks will further enhance our nationwide capabilities and strengthen our skill sets in the areas of cloud services, cybersecurity, engineering, network securities, and managed IT services.”
Matthew Hodson, CEO of Valeo Networks, said:
“We’re very excited to be a part of the Saalex IT Team, and share our expertise in automation and engineering, to create a formidable regional MSP, and expand our customer and brand footprint. We think that by combining our teams we can greatly enhance our ability to scale and grow into a top-tier MSP in the Southwest.”