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June 2, 2021
Wednesday was a busy one in the acquisition department. 2021 has certainly proved the analysts right in terms of the flurry of M&A, and both Spectrotel and Logicalis have both thrown their hats into the ring.
Communication services provider Spectrotel has completed the asset purchase of managed services from Matrix, a provider of customized managed IT services solutions. As a result of the merge, Matrix president and founder Neely Loring, will join the Spectrotel team as vice president of managed services.
Spectrotel’s Neely Loring
Loring brings more than 20 years of industry experience to his new role. One big focus for Loring is providing partners with support to leverage Spectrotel’s suite of managed services for business customers.
Along with this asset acquisition, Spectrotel has also added mobile device management (MDM) to its portfolio of managed services. This will expand the company’s ability to respond to the challenges of today’s IT decision makers.
Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.
With the addition of Matrix’s resources, experience and customer connections, Spectrotel says it will strengthen its presence in the market. Spectrotel will now support several of Matrix’s key national accounts. This will advance the company’s strategic plan to grow its presence in the enterprise. Spectrotel also assumes management of Matrix’s South Carolina service and operations center.
Meantime, Logicalis on Wednesday announced an acquisition of its own. The provider acquired network transformation and modernization specialist Siticom. The investment aims to strengthen Logicalis’ capability to deliver software-defined services to customers.
Siticom has been around since 2010 and is a major player in the software-defined networking (SDN) and 5G market. The company has a team of 130 experts across five locations in Germany, developing complex networking solutions for customers.
The acquisition of Siticom will allow Logicalis to establish a pan-EMEA expertise in advanced 5G network capabilities to evolve cloud orchestrated network interoperability. Siticom’s market-savvy in next-generation networks will boost Logicalis’ services portfolio as it continues to grow in the professional and managed services space.
Read more about:MSPs
Allison Francis is a writer, public relations and marketing communications professional with experience working with clients in industries such as business technology, telecommunications, health care, education, the trade show and meetings industry, travel/tourism, hospitality, consumer packaged goods and food/beverage. She specializes in working with B2B technology companies involved in hyperconverged infrastructure, managed IT services, business process outsourcing, cloud management and customer experience technologies. Allison holds a bachelor’s degree in public relations and marketing from Drake University. An Iowa native, she resides in Denver, Colorado.
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