Managed Services, Cloud At Root Of December M&A Deals
Submitted by Michael Novinson and Jimmy Sheridan on
14. Kite Technology
Merger partner: AIS Technology
Head count: 10-50 employees
Annual revenue: Not disclosed
Purchase price: Not disclosed
Date of announcement: Dec. 29
Managed service provider Kite Technology boosted its geographic reach across the country by merging with AIS Technology.
For Ownings Mills, Md.-based Kite, the merger will expand its reach far beyond the company’s traditional stomping ground in the mid-Atlantic states to include AIS’ 22-state footprint.
Following the close of the deal on Jan. 2, the merged company adopted the Kite name. The entity is now owned by Kite Technology Group CEO Greg DiDio, AIS owner and President Nick Oliver and Kite Technology Group founder Jeff Kite.
Oliver joined Kite Technology as an executive vice president.