Business technology solutions and managed services provider Technology & Beyond acquired ServNet Technologies in a deal that is expected to add millions in annualized revenue for managed services, web/marketing, and hosted VoIP. The financial terms of the transaction were not disclosed.
Technology and Beyond (T&B) has served as a managed services provider in Dallas-Fort Worth metropolitan area since its inception in 2001. T&B delivers a full suite of cloud services to clients located across the United States. Its diverse client base includes manufacturing, professional services, energy companies, law offices, and health care.
Mike Maendler, the founder and CEO of the company said the acquisition would serve as a means to help T&B expand its physical footprint beyond Texas and broaden the company’s geographic reach into areas where the company has other business ties, including Pittsburgh, Philadelphia, Washington DC, New York, and Boston. Neil D. Kirkpatrick, CFO said in a statement that this deal is an “excellent strategic development for T&B, our employees and our customers.”
“The management team at ServNet Technologies impressed us,” said Alan Patterson, COO of T&B. We were looking to expand our MSP practice into the East Coast but required strong cloud services and skilled executives to lead us there. We have found a winning formula with ServNet Technologies to accomplish this. Felix Yanko is joining T&B as its President and Shea Georgetti as the CIO. We’re looking forward to all that we can achieve by the powerful combination of the T&B and ServNet teams.
Company Name: Technology & Beyond
Contact Person: Felix Yanko
Country: United States