MSP Acquisition: TCI Acquires Savid for Security and Compliance
Technology Capital Investors (TCI), an IT services investment firm, has acquired Savid Technologies, a managed service provider and security consulting firm. Here’s the scoop on what Savid will add to the TCI family of MSPs.
TCI was looking for some regional leverage in North America and found what it was looking for in Savid, which is based in Chicago, Ill. According to TCI Managing Partner Sam Attias, Savid’s headquarters will become TCI’s “central hub” for its new North American security and compliance practice.
TCI is planning to launch the practice during Q1 2012, and its Savid Technologies acquisition appears to be the last piece to be put into place. According to Attias, TCI will leverage Savid’s security consulting expertise in order to build a fully integrated security offering for TCI’s North American partners to sell to their end-users.
Savid’s Security Expertise
Savid’s security expertise starts at the top with Savid Technologies CEO Michael A. Davis, who TCI refers to in its press release as an “industry renowned cloud security expert.” Davis will continue in his current role, as Savid will keep its own brand name and its leadership in place under the terms of acquisition.
More to Come in 2012
The Savid Technologies acquisition is the first major move of the year for TCI. If 2011 was any indication, then we should be hearing a lot more from the company this year. Adding OS33 President Jacob Kazakevich to its Board of Directors, teaming with MSPExcellence and acquiring Bravura Networks were just some of TCI’s major accomplishments last year. And as mentioned, the company plans on picking up steam by launching its North American security and compliance practice within the next month and half. We’ll be tracking the company’s progress throughout 2012.