Managed Services Acquisition: Presidio Buys INX Inc.
Presidio Networked Solutions, a managed services provider, has acquired INX Inc., a fellow managed service provider. Presidio will bulk up its staff to over 1,800 IT pros throughout approximately 50 offices across the U.S.
INX also brings vertical market expertise to the table. The company signed a $750,000 managed services deal with a community healthcare organization in Southern California in early October 2011. So why sell now? I’ll let INX President and CEO Mark Hilz explain.
“Presidio and INX have been pursuing similar strategies in the IT solutions marketplace,” Hilz said in a prepared statement. “Combining our organizations will enable us to accelerate our growth and quickly build the scale that we need to provide the highest quality of service to our clients…this combination is a win for our clients, employees and our shareholders.”
Here’s a look at Presidio and INX similarities:
- Both Presidio and INX offer their customers a suite of managed and hosted services around the data center and cloud, collaboration, security and network infrastructure practices.
- Both companies focus on offering entire lifecycle solutions.
- Both companies are Cisco Systems, EMC, VMware, NetApp and VCE elite strategic partners.
Presidio is no stranger to acquisitions. The company has acquired four other region-specific MSPs to grow its regional presence. Most recently, Presidio joined with Level 3 Communications to offer customer premise equipment-based managed services mainly to the government sector. Its acquisition of INX Inc. should be official by early 2012 pending approval from INX shareholders, who will receive $8.75 per share.