ITX Facilitates TCG Network Services’ Acquisition by Magna5

Push Launch
–

Mar 3, 2022 15:30 EST

CLEVELAND, March 3, 2022 (Newswire.com)
–
TCG Community Providers, a leading Boston-primarily based managed IT and cybersecurity solutions company, has been acquired by Magna5, a nationwide provider of managed IT, cybersecurity and cloud-based services and a NewSpring Holdings platform business.

The transaction was facilitated by ITX, a global chief in smaller mid-current market mergers and acquisitions concentrating on IT Solutions organizations, MSSPs, MSPs, Microsoft, and Oracle channel partners. It marks the firm’s 25th transaction in the past 15 months.

“Our mission at Magna5 is to present outstanding service for our prospects by combining large-contact neighborhood company groups when leveraging the rewards of obtaining accessibility to a broader portfolio of abilities,” said Robert Farina, CEO of Magna5. “We were being quickly drawn to TCG’s extraordinary observe record and the firm’s consumer-initially solution to engineering management, which aligns well with our main values and lifestyle at Magna5.”

“We are incredibly very pleased of this new partnership. We have been totally amazed by the system and look ahead to supporting Magna5 and NewSpring Holdings in their speedy enlargement,” said Frank McDonough, President and Co-Founder of TCG. “This go improves our ability to offer you greatest-of-breed know-how providers. That features real-time cybersecurity defense, knowledge backup and restoration, centralized community checking, cloud internet hosting, and 24/7 assist desk assist. Our consumers will benefit by continuing to perform with their regional Boston support crew who now have obtain to larger current market means.”

“Magna5’s acquisition of TCG is poised to produce important benefit for the two buyer and vendor,” commented Matthew Putzulu, COO of ITX. “TCG’s current consumers will benefit from enhanced choices and resources while Magna5 continues to improve its capabilities and reach.”

About ITX:

Launched in 1998 by technologies CEOs and M&A gurus, IT ExchangeNet (ITX) was acquired by martinwolf in January of 2021. The offer produces a globally recognized provider of M&A advisory expert services for transactions spanning $5 to 500 million, with each organizations every single getting much more than 20 yrs of working experience in the IT mid-market place room.

IT ExchangeNet owns a community of more than 50,000 world-wide IT determination-makers. Concentrating on scaled-down businesses that are traditionally overlooked by substantial expenditure banking companies and M&A advisors, ITX leverages marketplace knowledge and relationships to operate with companies that are prepared to be sold, and consumers that are ready to get. Precise segments of the IT field served involve: Managed IT Services, MSSPs, software package as a Support (SaaS), Internet hosting, Infrastructure as a Company (IaaS), Cyber Security, IT Providers, Computer software Growth, and Large Info.

Find out far more about ITX: www.itexchangenet.com

Source: ITX