Technology Capital Investors Seeks Vertical MSPs
Investor targeting smaller, vertical market MSP specialists in North America.
Technology Capital Investors (TCI), a New York investment firm, said that it wants to expand its stable of managed service providers (MSPs) in North America by adding organizations focused on key vertical markets such as banking, education and finance, among others.
“As part of our acquisition and investment strategies, we’re creating an ecosystem of specialized MSPs that can collaborate and quickly scale to meet the needs of these high-growth markets,” said Sam Attias, TCI managing partner.
TCI, which has underwritten a number of U.S.-based managed service providers (MSPs), last month said that it planned to broaden its search for potential targets to Canada. In February, TCI acquired Savid Technologies Inc., a Chicago, IL managed service provider (MSP) and IT security services specialist. The company previously has bought MSPs Bravura Networks and Avazpour Networking Services in addition to IT services companies External ITT, OS33, ETCI and Hostnet.
Attias said that TCI is targeting MSP specialists in the banking, education, finance, government, healthcare, insurance, legal and non-profit sectors because those markets offer high growth potential for MSPs.
“We see tremendous revenue potential across North America for specialized MSPs who focus on particular verticals and expand their services expertise into high-demand technology adjacencies – such as mobile, physical security and digital signage – that easily tie into the managed network,” he said.
Attias said that TCI’s investment interest resides in MSPs with high growth potential and a proven track record of success.
“The IT services industry is grounded in relationships, which is why we don’t subscribe to a rollup strategy and instead keep our focus on building a healthier, more profitable community of MSP partner brands that are well positioned to capitalize on high-growth market segments and verticals, and have strong client relationships,” he said.