Two California-based IT providers, each a Cisco Systems partner, have merged into one entity.
The combination of CIO Solutions and TekTegrity will bring IT management and consulting services to Ventura, Santa Barbara, San Luis Obispo, and Fresno Counties while operating under the CIO Solutions brand, the companies said. Financial terms were not disclosed.
The new combined entity will be one of the largest IT providers in Central California with nearly 100 employees, the firm asserted.
CIO Solutions CEO Eric Egolf will retain his position at the head of the table while focusing on strategic initiatives, organizational growth, and community engagement. TekTegrity co-founder and CEO Russ Levanway will oversee operations and integration of the combined company from his new role as president.
Egolf assures that TekTegrity clients will benefit from new cloud computing services and “a fanatical focus on first-call resolution.” Levanway, meanwhile, says the two company’s combined forces complement one another.
CIO Solutions has operated for 32 years in the Central Coast region. TekTegrity was founded in 2005.
PS: Special thanks to Clever Ducks President Amy Kardel for sharing a link to the deal.
Cisco Partner Mergers, Acquisitions: Recent Deals
We've tracked heavy M&A activity involving Cisco partners in recent months. Examples include:
- Intervision acquired DRaaS provider Bluelock earlier this month.
- Cancom purchased Ocean Intelligent Communications, a Cisco partner.
- PCM Technology Solutions UK acquired Cisco-linked Provista Technology Solutions and its subsidiary Provista UK.
- And ConvergeOne closed out 2017 with its acquisition of Alexander Open Systems, a Cisco partnered MSP.