Electric Acquires Techvera, North Texas IT Support Provider

Electric recently acquired Techvera, an IT support provider based in North Texas. Techvera has been in the IT service space for over 20 years. Originally founded as a repair shop known as “Geek on Wheels,” the company pivoted offerings to providing managed services in 2015, and rebranded to Techvera shortly after. The company serves over 90 clients in the Dallas-Fort Worth market and across the United States. Techvera’s expertise spans several industries including legal, financial, oil and energy, transportation and logistics, and construction and manufacturing.

The acquisition of Techvera will add expert IT support to Electric’s deep bench of over 100 IT professionals today. It will also further strengthen Electric’s offerings. This partnership is another step in Electric’s path towards becoming a top IT provider — continued through both organic growth and strategic acquisitions of IT MSPs and related technologies.

Electric boasts over 400 customers with more than 30,000 employee end-users through its IT platform today, experiencing significant growth since its inception in 2016. Over the last year alone, Electric more than doubled its business, increased headcount to over 400 employees, and surpassed the 30,000 end-user mark. The acquisition of Techvera follows significant investments in Electric’s own offerings, with the acquisition of one of New York’s top MSPs, Sinu in November, and its Series C $40M funding raise in February. The company continues to strategically expand its services and market presence.