This deal follows Trace3's acquisition of LaSalle Solutions.

Edward Gately, Senior News Editor

April 4, 2023

2 Min Read

Trace3 has acquired Set Solutions, an advanced cybersecurity consulting and procurement solutions provider. The acquisition continues Trace3’s strategic expansion plan.

The investment allows the combined companies to deepen cybersecurity capabilities to drive success for commercial and enterprise clients.

Set Solutions has a long alleviated challenges technology leaders encounter in the ongoing evolution of the cyber threat landscape. Trace3’s security portfolio is strengthened by Set Solutions’ specialized expertise in cybersecurity, and focus on mature and emerging technology-based solutions. In addition, this acquisition expands Trace3’s footprint in the southern part of the United States.

By joining the Trace3 organization, Set Solutions clients gain access to Trace3’s technology portfolio. That includes expertise in cloud, security, advanced data center, and data and analytics.

Combination Creates Advanced Cybersecurity Portfolio

Rich Fennessy, Trace3‘s CEO, said for years his company has promised to always innovate with an “intense commitment” to the client experience.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.


Trace3’s Rich Fennessy

“Combining the solution offerings and talent of both businesses creates an advanced portfolio of software, hardware, consulting, and professional and managed services,” he said. “Set Solutions teammates add strong engineering, sales and management talent to the Trace3 team.”

Sandy Salty, Trace3’s chief marketing officer, said Set Solutions brings 170 unique clients in the Fortune 2,000 to Trace3’s portfolio of partners.

“We also look forward to the added security prowess by way of skillsets and partners that Set Solutions brings to Trace3’s wide base of clients,” she said. “We believe that our comprehensive consulting portfolio in cloud, data, management consulting, and contact center and collaboration will actually give Set Solution’s partners and clients the most powerful competitive advantage a company in our space can have, which is being able to create a truly holistic enterprise-grade technology strategy. Companies cannot afford to plan through a single lens anymore, the most successful understand the value of convergence.”

John Marler, Set Solutions‘ CEO, said his company is a relationship-driven organization, delivering outcomes for clients and partners alike.

“We found an incredible fit with Trace3 and the company’s unwavering commitment to the same levels of client satisfaction and organizational values,” he said. “This is an exciting time for our business, to join forces with Trace3 to meet more of our clients’ needs and meet them faster.”

Last month, Trace3 acquired LaSalle Solutions, a business division of Fifth Third Bank. This is to further enhance the tech portfolio available to clients of both companies. It also significantly increases Trace3’s national footprint.

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About the Author(s)

Edward Gately

Senior News Editor, Channel Futures

As news editor, Edward Gately covers cybersecurity, new channel programs and program changes, M&A and other IT channel trends. Prior to Informa, he spent 26 years as a newspaper journalist in Texas, Louisiana and Arizona.

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