Washington, DC, (October 17, 2022) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that Security7 Networks, a managed security services provider (MSSP) based in the Boston area, has been acquired by Integris, a national IT managed service provider (MSP). FOCUS advised Security7 in this transaction.
This acquisition marks another expansive milestone for Integris, which was named the #1 Fastest Growing MSP by Channel Futures in August. The Integris network now has offices in 10 states, with nearly 500 employees, all offering high-end, enterprise IT services and round-the-clock security monitoring scaled for the small- and medium-sized business (SMB) market.
“The addition of Security7 expands Integris’s capabilities and emphasizes our commitment to clients who need the highest possible levels of security for their businesses,” said Rashaad Bajwa, CEO of Integris.
According to Bajwa, this acquisition signifies an expansion in skillsets and offerings to Integris’s current and future clients. Security7 Networks brings new and expanded cybersecurity practices, allowing Integris to add more chief information security officers, vCISO services, and capabilities to provide compliance and regulatory consulting for more clients.
“Integris’s company culture, focus on integrity, and exceptional reputation fell perfectly in line with Security7’s values,” added Jay Smith, president of sales for Security7. “Now that we’ve joined forces, we’ll be able to provide broader services and deeper security offerings for our clients with the backing of a large, fast-growing premium MSP.”
Financial terms of this transaction were not disclosed. Integris has partnered with Frontenac, a Chicago-based private equity firm, to build a national MSP platform. Integris is actively engaged and looking for additional premium managed services and service providers to be a part of the story. With the completion of this merger, Integris will now have a network of offices in New Jersey, New York, Maryland, Minnesota, Michigan, Colorado, Kansas, Georgia, Texas and Massachusetts.
“It was a pleasure working with Jay Smith and the Security7 team and helping them find the ‘perfect fit’ partner that aligns with their company’s security-focused culture and values,” said April Taylor, Managing Director at FOCUS. “FOCUS expects demand for cybersecurity expertise such as Security7’s to continue to grow.”