Abry Partners’ portfolio company completes fifth M&A transaction in four years; extends ability to help small and middle-market companies migrate, deploy, manage, secure and scale enterprise workloads in the cloud
Denver, CO and Irvine, CA (July 10, 2018) NexusTek, a leading provider of IT services including help desk, cloud services, cyber security services, IT consulting, server monitoring, VoIP and Microsoft Dynamics, today announced that it has acquired the cloud hosting, infrastructure and managed services business units from Zumasys, an Orange County-based national provider of cloud computing solutions.
Today, tens-of-thousands of users rely on Zumasys Cloud, now NexusTek, to host their most critical applications 24/7/365.
“Businesses need to embrace the almost unlimited potential for technology to serve as a strategic asset and not a cost center,” said Mike Jenner, CEO, NexusTek. “Zumasys’ success reflects their shared belief in this philosophy and unique understanding of what it takes to help customers align corporate goals with technology. We are confident this transaction is a significant step forward in our mission to be the nation’s most complete service provider.”
This deal marks NexusTek’s fifth M&A transaction in four years. NexusTek is backed by Abry Partners, an experienced media, communications, business and information services-focused private equity firm with over $77 billion of leveraged transactions under its belt.
“Abry believes that strategic acquisitions NexusTek to increase its competitive advantage in the highly fragmented cloud and managed IT services market,” said James Scola, a principal with Abry. “Small and middle-market businesses can only reap the full benefits of running mission-critical applications in the cloud by working with a partner equipped to personalize services built around their specific operations. NexusTek helps clients reduce their technology spend while increasing efficiency and extracting maximum value from their investment.”
Over the last three years, NexusTek has grown at a CAGR of 34%, and currently serves more than 2,000 organizations.
“Whereas other companies struggle with M&A, Abry’s vast experience and resources eliminate funding concerns and lowers execution risk,” added Jenner. “Coupled with NexusTek’s track record of successfully integrating acquired companies, being partnered with Abry empowers NexusTek with the means for continued, aggressive nationwide expansion.”
NexusTek managed services eliminate the administrative overhead and variable cost associated with cloud and IT environments; customers receive 24/7 monitoring of their IT environments and proactive responses to issues for a fixed monthly fee. With this acquisition, NexusTek inherits a strong presence in the Western United States, extending its reach and ability to create IT solutions that combine storage, virtualization, data protection, and networking technologies from the industry’s leading vendors.
NexusTek serves businesses across the country, providing IT solutions and professional recommendations to strengthen the customer’s IT infrastructures. By virtue of its SSAE 16 SOC II certification, NexusTek proves its adherence to rigorous, industry-accepted auditing standards for service companies.
“We are pleased to have our cloud, infrastructure and MSP team join NexusTek to further their mission of helping companies small and large increase productivity, lower costs and improve business outcomes,” said Zumasys President, Paul Giobbi. “I am confident that customers and employees alike will benefit from the increased depth, capital and engineering expertise of NexusTek and I am excited to watch the combined entity grow.”
Zumasys, Inc., is one of the fastest-growing technology companies in the US. Zumasys offers innovative software solutions that enable customers to preserve decades of investment in custom applications, including MultiValue databases, while embracing the modern features today’s users demand. Its proven cloud platform is optimized for high-performance business applications, accounting systems, and legacy ERP applications. With Zumasys, customers get access to the industry’s best technologies with in-house, personalized support from a team of experts they can trust.
NexusTek, an award-winning Microsoft Gold Partner, provides small and medium-sized businesses a trusted resource to optimize and manage their IT environments, ensuring business continuity and driving productivity. From managed IT services to cloud solutions and customized business software implementations, NexusTek employs top talent, offers personalized attention, and brings nearly 22 years implementing technology best practices for companies nationwide.
For more information: http://www.nexustek.com/
About Abry Partners
Abry is an experienced and successful media, communications, and business and information services sector focused private equity investment firms in North America. Since their founding in 1989, they have completed over $77 billion of leveraged transactions (including many roll-up investment strategies) and other private equity, mezzanine or preferred equity investments. Currently, they manage over $5.0 billion of capital in their active funds.
Because ABRY brings deep industry insight to the investment process, they are able to quickly understand key issues, accurately assess opportunity, value, and risk, and bring relevant information to bear. They partner with skilled executives and invest significant capital to help build stronger companies and industry leaders.