Dataprise, backed by Trinity Hunt Partners and a provider of managed IT, cybersecurity and cloud solutions, today announced that it acquired Cohere Cyber Secure, a security-first managed services provider headquartered in New York City. Financial terms of the deal were not disclosed.
This is technology M&A deal number 244 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
Dataprise, founded in 1995, is based in Rockville, Maryland. The company has 457 employees listed on LinkedIn. Dataprise's areas of expertise include managed cybersecurity, disaster recovery-as-a-service (DRaaS), managed infrastructure, cloud and managed end-user services, Network Support, IT Consulting, Emergency Services, Technical Projects, IT Staff Augmentation, Data Center Operations, Help Desk, Cloud Computing, Cloud Services, Virtual Server Hosting, CTO/CIO Services, Virtualization, Disaster Recovery & Business Continuity, Information Security, Managed Services, IT Management, and IT Outsourcing.
Cohere Cyber Secure, founded in 2004, is based in New York, New York. The company has employees listed on LinkedIn. Cohere's areas of expertise include cybersecurity, risk assessment, compliance, and IT remediation services.
The acquisition expands Dataprise’s New York City operations while providing Cohere’s clients access to Dataprise’s broad portfolio of services, the companies said. The acquisition is part of Dataprise's longer-term acquisition and growth strategy. "The strategic addition of Cohere’s MSP business marks another successful step in our MSP acquisition strategy to expand our national presence and deliver enterprise-grade services with a localized, personalized touch. Dataprise is actively seeking opportunities to grow our presence in key markets across the county, and this acquisition aligns well with that objective,” said Christian Fulmino, SVP of M&A, Dataprise.
Steve Lewis, CEO of Dataprise, commented on the news:
“Cohere built a solid cybersecurity foundation for its client base in the New York area and beyond. Their robust, layered security approach complements Dataprise’s managed cybersecurity offerings that are built at scale with world-class technology and supported by an elite team. By joining Dataprise, Cohere’s employees and clients will benefit from a greater geographic reach, an extended network of IT professionals, and a robust solution set designed to support and protect organizations end-to-end.”
Steve Francesco, chairman and CEO of Cohere, added:
“Businesses in finance and highly-regulated industries need an IT partner that delivers a complete portfolio of technology solutions that scale, secure, and fully support their users. The Cohere team is thrilled to join Dataprise and continue our mission of delivering premier security and infrastructure services that holistically protect our clients. For Cohere clients, they will now receive even greater value from their cybersecurity and IT services with an industry-leading, nationwide managed services provider at the helm.”