Brook Venture Partners, Blue Heron Capital Announce Investment in PCNSBrook Venture Partners, Blue Heron Capital Announce Investment in PCNS
Brook Venture Partners, Blue Heron Capital and Prides Crossing Capital announced a new investment in PC Network Services (PCNS). In addition, PCNS has named Michael Halperin as its Chief Executive Officer.
April 17, 2014
Brook Venture Partners, Blue Heron Capital and Prides Crossing Capital have invested in PC Network Services (PCNS), a Pittsurgh-based managed service provider (MSP). In addition, PCNS has named Michael Halperin, an IT services specialist with more than 20 years of industry experience, as its CEO.
PCNS provides outsourced IT services to small and medium-sized businesses that utilize cloud and virtual services. According to a press release, the investment will further support PCNS as it aims to expand its service capabilities.
“We are excited about the investment in PCNS, as they have a fantastic service record with their customers and we believe there is excellent growth potential for the company,” Fred Morris, Partner at Brook Venture, said in a prepared statement. “The outsourced IT market is highly fragmented and regional, presenting an outstanding opportunity to expand the company’s geographic reach and industry-leading service excellence.”
The MSP’s new CEO Halperin brings experience with Fortune 100, small and medium-sized firms and startup companies to his new role. His career has included Cogent Growth Partners, GreenPages Technology Solutions and Xerox. Here’s what Halperin had to say to MSPmentor about the investment:
“PC Network Services is a really special company. The investment is a win-win-win for PCNS, its clients and its investors, and it’s really all about taking what we do well and continuing to do it.”
Halperin also noted that MSPs are popular investments right now. In fact, he expects many investors to target MSPs going forward because they are high-growth, low-risk investments.
“I think managed services is a really hot space,” Halperin told MSPmentor. “For a lot of investors, MSPs hit really well because investors like recurring revenue, and MSPs are becoming very attractive investments for them.”
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