Magna5 Increases Scale in Pittsburgh and Boston Markets through Acquisition of the U.S. Operations of Apogee IT Services
PITTSBURGH, Feb. 6, 2023 /PRNewswire/ — Magna5, a nationwide provider of managed IT, cybersecurity and cloud-based mostly companies and a NewSpring Holdings system company, has acquired the US Assets of Apogee IT Services (“Apogee”), a managed IT and cybersecurity providers company. This acquisition supplies Magna5 extra scale in the Pittsburgh and Boston marketplaces, even more strengthening the company’s placement as a chief in managed IT services, cybersecurity, details recovery and cloud services for expanding companies.
“The demand for managed IT providers proceeds to improve swiftly and incorporating Apogee’s skilled staff will boost our mixed providers shipping practical experience for customers in two of our main areas,” claims Robert Farina, CEO of Magna5. “We’re thrilled to welcome Apogee’s US shoppers and glance forward to doing work with them to present an even additional strong set of offerings as their reliable, outsourced IT companies partner.”
“We have been promptly drawn to Magna5’s mission to give a holistic, client-centric solution and technological methodology to managed IT solutions,” states Paul Cronin, CEO of Apogee. “Our shoppers will immensely advantage through this acquisition by getting immediate entry to Magna5’s bigger, much more complete system and greatest-of-breed managed IT answer sets including network cybersecurity instruments, backup and disaster recovery upkeep and IT checking.”
This acquisition arrives on the heels of a history-breaking yr for Magna5. Income more than doubled in 2022 from the previous 12 months and organic and natural sales grew over 30%. In addition, in excess of the past yr, the enterprise correctly integrated operations from its 3 previous acquisitions, TCG Community Expert services, Stablenet and Interphase Units, as it strives to be the go-to managed IT expert services companion for mid-market place businesses. Other notable wins for Magna5 was its recognition by MSSP Inform as a prime 250 MSSP and by Enterprise Environment as a Major 5 Microsoft Alternatives Service provider to View.
About Magna5
Magna5, a NewSpring Holdings platform enterprise, offers managed IT companies, cybersecurity, private and public cloud hosting, backup and disaster recovery and other superior IT expert services to mid-market and business customers, which include leaders inside the education and learning, healthcare, authorities, economical products and services, producing, and other industry segments. Headquartered in Pittsburgh, PA, Magna5 has shoppers nationally.
About NewSpring Holdings
NewSpring Holdings, NewSpring’s focused holding firm with a approach targeted on management buyouts and platform builds, delivers a prosperity of know-how, experience, and means to take financially rewarding, growing businesses to the subsequent amount by way of acquisitions and demonstrated natural and organic methodologies. Started in 1999, NewSpring associates with the innovators, makers, and operators of substantial-doing providers in dynamic industries to catalyze new expansion and seize powerful opportunities. The Organization manages $3 billion across five distinct tactics masking the spectrum from growth equity and command buyouts to mezzanine credit card debt. Partnering with management teams to help create their firms into current market leaders, NewSpring identifies possibilities and builds associations employing its community of field leaders and influencers across a large array of operational regions and industries. Take a look at NewSpring at www.newspringcapital.com.
Supply Magna5
