Managed Services, Cloud At Root Of December M&A Deals
Submitted by Michael Novinson and Jimmy Sheridan on
12. Contegix
Company acquired: Admo.net
Head count: 11-50 employees
Annual revenue: Not disclosed
Purchase price: Not disclosed
Date of announcement: Dec. 13
Contegix acquired hosting services provider Admo.net Web Services to increase its customer base, data center resources, cloud computing and hosting capabilities.
The acquisition was funded by private equity firm Strattam Capital and will expand the reach of St. Louis-based Contegix into the market around Admo’s Kansas City, Mo., headquarters. It will also add 60 more customers to Contegix’s 700-strong client base.
This deal was unveiled only weeks after Contegix added its first-ever managed services offering through a merger with MSP Distributed Systems Services, scooping up the Reading, Pa.-based MSP with funding from Strattam, which bought a controlling share of Contegix in early November.
Strattam Capital appointed former DigitalGlobe senior vice president David Turner as the company’s new CEO and appointed founder and former CEO Matthew Porter to the role of vice chairman in November.