Mergers and Acquisitions, Mergers and Acquisitions, Networking

MSP M&A: Xobee Networks Acquires Myers Network Solutions

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Managed IT support provider Xobee Networks has acquired Myers Network Solutions for $1.7 million. The deal closed earlier this year, according to the company.

This is technology M&A deal number 1,043 that ChannelE2E has covered so far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.

Xobee Acquires Myers Network Solutions

Xobee Networks, founded in 1996, is based in California with numerous offices around the state. The company has eight employees listed on LinkedIn. Xobee’s areas of expertise include IT consulting, managed support, data protection, hosted exchange, cloud server hosting, email protection, VoIP phone service, forensic analysis, office in a box and web design and programming.

Myers Network Solutions, founded in 2002, is based in San Jose, California. The company has six employees listed on LinkedIn. Myers’ areas of expertise include managed IT services, backup and disaster planning for small and mid-size businesses, cloud computing, cybersecurity, telecommunications, web development and networking.

This acquisition enables Xobee to scale resources and products and grow its customer base, the company said.

Eric Rawn, founder and CEO, Xobee
Eric Rawn, founder and CEO, Xobee

The entire staff at Myers joined the Xobee Networks team, the companies said. Since the agreement between Xobee Networks and Myers Network Solutions earlier this year, Xobee has been able to increase revenue month over month with an 18% growth in host services offerings, the company said.

Eric Rawn, Xobee Networks founder and CEO, commented on the news:

“Through this investment, Xobee will embolden and scale our resources and services to clients within San Jose and across the state. We are investing in Myers Network Solutions because they are the marquee computer business solutions experts in San Jose, and we are well-positioned to help strengthen their team, resources, and products toward current and future clients.”

About Xobee Networks

Xobee Networks has thousands of clients throughout the state of California and as many as twelve offices spread throughout the state. The company was founded by Eric Rawn as a single-person consulting firm in 1996.

This is Xobee's third acquisition of the year; in November Xobee acquired Interconnect Networks and ZAPtech Solutions.

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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