Ntiva, a managed IT services provider (MSP) backed by private equity firm PSP Capital, has acquired midwest MSP MXOtech. Financial terms of the deal were not disclosed.
This is technology M&A deal number 856 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.
Ntiva, founded in 2004, is based in McLean, Virginia. The company has more than 400 employees, according to a spokesperson for the firm. Ntiva’s areas of expertise include IT consulting, cloud computing, managed services, onsite and remote support, network design, procurement, Exchange hosting, off-site backups, CIO services, disaster recovery, business continuity planning, cybersecurity, business telephony and IT services.
MXOtech, founded in 2005, is based in Chicago, Illinois. The company has 40 employees listed on LinkedIn. MXOtech’s areas of expertise include IT networking, hosting, hardware and software systems support, portals and Sharepoint, application development, reporting, remote access implementation, health care, retail, distribution, manufacturing and custom development.
The acquisition strengthens Ntiva's presence in the Midwest U.S. and adds unique skills and expertise that will benefit both Ntiva and MXOtech clients across the country, the company said.
In addition to managed IT services and support, MXOtech offers a range of digital transformation services including custom-built web and mobile applications, system integrations and solutions for managing and accessing critical business information.
Ntiva Acquires MXOTech: Executive Insight
Steven Freidkin, CEO, Ntiva, commented:
"MXOtech provides a range of unique services for complex technology issues, aligning very closely with our client-centric approach of helping businesses grow through the power of technology. The MSP market is growing at an incredible speed, as businesses of all sizes become more dependent on a wide range of expert technologies to succeed. We wanted to add a premier provider to expand our footprint in the Midwest and double down on our commitment to delivering high-value Digital Transformation services. We are thrilled to welcome the entire MXOtech team to the Ntiva family, where we will unlock even greater growth together.”
Joanna Mirov, founder and CEO, MXOtech, commented:
“We are incredibly excited to become part of the Ntiva family. This acquisition will open the door to new and exciting opportunities for both our clients and staff. It will provide our clients with access to more resources and expertise in the ever-changing world of technology. We are especially thrilled to now offer 24/7/365 support, a national footprint, and advanced cybersecurity and cloud solutions.”
About Ntiva
Ntiva has extensive M&A experience across the managed IT services market. Recent deals include the acquisition of Washington DC-based NetLogicDC; the acquisition of Navakai of Colorado Springs, Colorado; buying Netlink Systems of New York; Apple technology service provider Forget Computers of Chicago and Equilibrium IT Solutions, also of Chicago. See all Ntiva acquisitions listed here.
PSP Capital acquired Ntiva in January 2022. The MSP previously was backed by Southfield Capital.
