NEW YORK–(BUSINESS WIRE)–Sourcepass announced the addition of two IT companies – SSD Technology Partners and Total Technology Solutions – to its expanding portfolio of digitized technology solutions serving small and mid-sized businesses (SMBs).
“In keeping with our goal of being the leading Managed Service Provider (MSP) for SMBs, we are always looking for partner companies that enhance and expand the services we provide, and that share our primary mission of providing an IT experience that clients love,” said Chuck Canton, CEO and Founder of Sourcepass.
These latest acquisitions help Sourcepass to enhance their capabilities in industries they already serve, expand into new industries, and increase their geographical presence into critical new markets.
Becoming the fastest growing MSP in their space, Canton added, “These acquisitions bring us to ~$50 mm in revenue and over 300 employees, making us one of the nation’s largest SMB-focused MSP in less than 18 months since the business was founded. This scale affords us the resources and cashflow to invest in our overarching goal of enhancing IT services for small to mid-sized businesses across the U.S.”
About the SSD Technology Partners acquisition
Integrating efforts to bring SSD Technology Partners on board are underway and will be completed by September 1, with all top leadership staying on. Adding the company further expands Sourcepass offerings and capabilities in the Legal, Healthcare, and Financial Services spaces by building on the already industry-leading services they provide.
“We always go above and beyond for our clients, and now we are excited to offer them the industry-leading digital services platform and 24/7 support services that Sourcepass provides,” said Woodie Bowe, Vice President of SSD Technology Partners.
Located in Wilmington, Delaware, the company brings its talented technical team and astounding 98% customer satisfaction rating. With their 200+ existing clients and 7,000 endpoints, Sourcepass will have a physical presence in the Delaware, Maryland, South Jersey and Pennsylvania markets. This was an all-cash deal.
About the Total Technology Solutions acquisition
Total Technology Solutions will be operating as a subsidiary of Sourcepass and will continue to be run by their CEO Vincent Tedesco indefinitely. An advocate for Sourcepass’ mission and clients, Tedesco’s 38+ years in IT services brings unparalleled leadership and operator expertise that adds immense value to Sourcepass. In addition, all key leadership will stay with the company.
“Serving our clients has always been the core of our business,” said Tedesco. “By partnering with Sourcepass, we will now offer an enhanced customer experience, rooted in our outcome-driven IT services to further help clients accelerate their growth. We are proud to be a part of Sourcepass and look forward to advancing our joint mission.”
This acquisition gives Sourcepass the ability to service critical verticals like SLED, Municipalities, Public Safety, and enhance their already strong practice in Legal, Manufacturing and Not-For-Profit. The company is located in New York, but has over 200 clients with 5,000 endpoints throughout the United States, and an average client lifetime over 17+ years. They also bring a very advanced Cyber Security offering and expertise. This deal included a combination of cash and equity.
About Sourcepass
Sourcepass is digitizing the way small and mid-sized businesses (SMB) access innovative IT solutions by making strategic acquisitions in the IT Managed Services space. Sourcepass is committed to eliminating the challenges that SMBs face worldwide, allowing them to focus on their core business. The Sourcepass culture promotes modernization, diversification, and productivity to deliver world-class IT results and drive growth. Their goal is to help SMBs successfully navigate the digital era and remain competitive against a shifting technology landscape by immediately connecting clients with modern, valuable IT solutions for a seamless IT approach. For more information about Sourcepass, please visit www.sourcepass.com.
About SSD Technology Partners
SSD Technology Partners is committed to understanding its clients’ unique needs, acting as a partner and an extension of each customer’s team. They offer a wide breadth of services including Managed IT, Co-Managed IT, advanced cyber security services and cloud computing. For more information about SSD Technology Partners, please visit https://www.ssdel.com/.
About Total Technology
Total Technology Solutions is a full-service IT Support and Managed IT Services provider serving Long Island, the Tri-state area, and customers nationwide. It is distinguished by broad expertise and a singular focus on the needs of its clients, with the mission to secure and support IT infrastructure with reliable solutions and exceptional service so that its clients can focus on their core businesses. For more information about Total Technology Solutions, please visit https://total.us.com/.
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July 23, 2022 at 09:08AM
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