Techvera, an IT support company from North Texas, has acquired the managed IT service division of Lewisville, Texas’ Cima Solutions Group. The deal will be official on July 1. Financial terms were not disclosed.
This is M&A deal 262 that ChannelE2E has covered so far in 2020. See the complete M&A deal list here.
Techvera had 13 employees ahead of the deal. The combined company will have about 18 employees. Techvera also gains about 20 managed clients, CEO Reese Ormand explained to ChannelE2E.
Under the deal, Cima Solutions Group will continue to manage government, education, and enterprise clients. Cima CEO John Alday shifts to an advisor role during the transition and beyond, the company said.
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Ormand commented on the deal:
“We couldn’t be more excited about what the future holds for Techvera. Our culture, team, and even client verticals are extremely well aligned. That is a big deal - it’s clear that by combining forces we’re creating a 1+1=3 type of equation. While this is the first acquisition we’ll have under our belt here at Techvera, it certainly won’t be the last.”
John Alday, CEO at Cima Solutions Group, added:
“Since launching our managed services business for SMB clients in 2017, our focus has always been providing the absolute best service and products. By combining forces, our service offerings will be better than ever. I look forward to our teams and clients prospering through the acquisition.”