Rousing MSP M&A Roundup: Avalara, Sourcepass, Auvik and More
M&A activity was truly off the charts in 2022, despite whispers of a potential recession and industry shifts.
December 9, 2022
![The last few days have seen a flurry of deals and M&A activity in the channel in particular in the cloud and consulting The last few days have seen a flurry of deals and M&A activity in the channel in particular in the cloud and consulting](https://eu-images.contentstack.com/v3/assets/blt10e444bce2d36aa8/blt6baa8d51941d10cb/65240d7cf66dd92451a7c73c/Money_0.jpg?width=700&auto=webp&quality=80&disable=upscale)
The last few days have seen a flurry of deals and M&A activity in the channel, in particular in the cloud and consulting services arenas. Service providers looking to better position themselves for competitive advantage or acquisition should take note of the trends these deals highlight.Thinkstock
Tax and compliance software provider Avalara, now backed by private equity firm Vista Equity Partners, acquired various Oracle application connector technology from AppKnit. Financial terms of the deal were not disclosed.
Vista Equity Partners, around the same time of the Avalara-AppKnit deal, acquired Avalara in October 2022 for $8.4 billion.
“We’re excited to see the expansion of Avalara-owned connectors. Avalara’s innovative Oracle connector technology is intuitive and scalable, making Oracle and Avalara customers’ lives easier. This is the next evolution in our efforts to marry best-in-breed technology and Oracle expertise.”
Yelluru now shifts to senior director of enterprise solutions at Avalara.
ICS acquired TechMD, a provider of managed IT services to small to medium businesses, headquartered in Orange County, California.
Under Mark Perez and Sebastian Igreti over its twenty-year history, TechMD has helped SMB businesses and organizations by providing IT managed services, cybersecurity services, technical services, cloud solutions and product procurement.
“The TechMD team is terrific – they share our values and our dedication to customer service,” said Kevin Blake, CEO of ICS. “We look forward to working with them and continuing to be a positive force for our customers, our employees and for the communities we serve.”
Auvik, the network monitoring software provider, bought a pair of companies. The first is Saaslio, which offers software-as-a-service security and management. The second is Boardgent, a remote device management company.
These snap-ups are part of Auvik’s plans to expand its capabilities overall. They are also designed to aid MSPs and internal IT departments in effectively managing the end-user experience.
By bringing Saaslio and Boardgent into the fold, Auvik will provide a specific toolset to providers. This includes greater control, visibility and troubleshooting capabilities over the new last mile of the office network.
“An organization’s ability to be productive is paramount anywhere,” said Marc Morin, founder and CEO of Auvik. “Auvik is working to support distributed-first organizations that need a centralized tool to monitor and manage the modern work environment. Auvik, Saaslio and Boardgent have a similar approach to the market and how we value our clients. We believe that the combination of our deep expertise in network monitoring and management, experienced workforces, proprietary technologies and innovative solutions allows our unified company to deliver the ultimate network monitoring platform.”
Sourcepass, No. 328 on our 2022 MSP 501 list, acquired Infinity Computer Systems (Infinity). Infinity is a Microsoft partner that enhances the services of Microsoft Dynamics 365.
With the acquisition, Sourcepass’ SMB clients can now access this sophisticated tool, along with Sourcepass’ support and wide portfolio of other IT solutions.