Sourcepass Adds Suite3 to Its Portfolio of Companies

Sourcepass announced that it added Suite3 to its portfolio of innovative IT companies focused on serving small to midsize businesses (SMBs). The deal is Sourcepass’ second acquisition in 30 days and will not only boost the company’s solutions targeting the financial service industry, but also grow the company’s reach in the Northeast, expanding its footprint into 43 states.

“According to the U.S. Small Business Administration, SMBs made up 99.9% of U.S. businesses in 2020 and their employees account for almost half of the U.S. workforce. However, they often have difficulty accessing the capabilities and resources that would help them grow,” said Chuck Canton, chairman and founder of Sourcepass. “That is why Sourcepass looks for the best IT companies serving this market – like Suite3 – to give SMBs tools to be competitive. It is good for the companies, good for the IT partners we select, and ultimately good for the U.S. economy.”

Suite3 provides managed network, cloud migration and management, cybersecurity and IT support services to more than 6,000 managed customer endpoints. Its clients span more than eight industries, with a strong focus on financial services.