CHICAGO - July 29, 2020 - (Newswire.com)
Recently named to MSSP Alert's Top 20 Security Operations Center as a Service (SOCaaS) solution provider for MSPs, and ranking #54 on MSSP Alert’s Top 200 MSSPs, Infogressive is a national cybersecurity services provider. With the backing of private equity firm M/C Partners, the two companies will merge to extend and grow their respective strengths in cybersecurity and cloud.
The transaction was facilitated by IT ExchangeNet (ITX), a leading mid-market mergers and acquisitions firm specializing in the sale of MSSPs, MSPs, and Microsoft channel partners.
"We are proud of our heritage and have been 100% focused on cybersecurity since our founding in 2006. In that time, we have never had a data breach. For Infogressive, the merger means we can invest in growing our areas of competency in cybersecurity while ensuring our existing clients and partners gain from Ascend's extensive breadth of offerings and broader geographic presence," said Justin Kallhoff, CEO, Infogressive.
“As Infogressive was experiencing exponential growth, we wanted to identify a strong partner to invest in expanding our cybersecurity offering. ITX attracted more than 100 qualified financial partners into the process. This gave me multiple options to ensure my employees, clients, and partners would benefit from a well-thought merger,” Kallhoff added.
The combined organizations will have over 150 U.S.-based technical and security professionals, with offices in Chicago, Illinois, and Lincoln, Nebraska.
ABOUT ASCEND TECHNOLOGIES
Based in Chicago, IL, Ascend Technologies is a far cry from your run-of-the-mill managed services provider. Their team of over 100 U.S.-based information technology professionals enables business growth through innovation and technology. Ascend helps business leaders make IT investments with confidence, eliminate cybersecurity threats, meet the needs of the business, and optimize user productivity. Businesses endure, grow and innovate on a foundation of efficiently run core IT systems. Ascend makes technology the catalyst for business expansion. To learn more visit www.teamascend.com.
Founded in 2006 and based in Lincoln, NE, Infogressive is dedicated to "doing security right" – both in the technical and customer service aspects. Infogressive’s defense-in-depth approach provides a 360-degree platform allowing customers to worry less about security and focus more on their business. Infogressive’s dynamic team of experts carries years of experience in the information security industry. Their mission is to eliminate risk and implement best practices that keep companies safe and protected. To learn more, visit www.infogressive.com.
ABOUT M/C PARTNERS
Based in Boston, MA, M/C Partners is a private equity firm focused exclusively on the communications, information technology services and media sectors. The firm has invested over $2.2 billion of capital into over 130 companies, generally investing in companies with enterprise values of $25 million to $250 million. Related current and prior investments include Cavalier Telephone, Carbon60, Ensono, Everstream, Fusepoint, Denovo, ICG Communications, Involta, Lightower, Neutral Connect Networks, NuVox, Thrive Networks and Zayo Group. The firm has strong institutional backing from the nation's leading pension funds and endowments as well as a long track record of success. To learn more, visit www.mcpartners.com.
Founded in 1998 by technology CEOs and M&A professionals, IT ExchangeNet (ITX) is an organized and efficient marketplace for owners of mid-market IT businesses seeking buyers or strategic partners. IT ExchangeNet follows a disciplined and highly targeted process, bringing global buyers and sellers together.
IT ExchangeNet owns a network of more than 50,000 global IT decision-makers. Focusing on smaller companies that are historically ignored by large investment banks and M&A advisors, ITX leverages industry knowledge and relationships to work with companies that are ready to be sold, and buyers that are ready to buy. Specific segments of the IT industry served include: Managed IT Services, MSSPs, Software as a Service (SaaS), Hosting, Infrastructure as a Service (IaaS), Cybersecurity, IT Services, Software Development, and Big Data. For more information, please visit: www.itexchangenet.com.
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Original Source: Ascend Technologies Acquires Infogressive