August 8, 2011 (New York, NY):
Cogent Growth Partners, LLC (Cogent
) announced today that they advised NCC Data (NCC
), a professional information technology services firm headquartered in Dallas, Texas, on its recently announced acquisition of Data Direct, also in Dallas, which closed on August 1, 2011.
According to Rick Murphy, a Managing Partner at Cogent, “this transaction is an example of combining two companies with similar data services and support offerings to bring additional value to their current and future clients as a result of their combined technical support and sales engineering capabilities.” Murphy noted that, “NCC Data is one of the foremost independently owned IT service companies in the Dallas – Ft. Worth area. Enhancing the excellent service Data Direct has been providing to its clients will be the focus as its customers are integrated into the NCC Data family.”
Data Direct owner Jerry Gutierrez believes NCC Data is a very good match for his company, stating “When Cogent approached us with the merger idea I could see that NCC Data was a company that shared our same principles of service and value to our clients.” Gutierrez added, “I have a great deal of trust and respect for NCC Data’s management and expertise, and the legacy Data Direct customers should too.” Gutierrez will lead the merged companies’ business development operations, and serve as Virtual CIO for the firm’s clients that engage in higher-level managed IT services.
Daren Boozer, President and CEO of NCC Data said, “There is already a lot of momentum built between the two organizations, and in the weeks to follow, we anticipate the positive impact of our combined forces will become evident to all of our clients.” The firm’s leadership and support teams anticipate business as usual while they integrate processes and resources throughout August and September, and they look forward to the combination resulting in a competitive advantage for the company and its customers alike.
"Cogent worked conscientiously with both sides during the entire transaction process," said Boozer, stating, "Their team lead the negotiations, handled all of the due diligence and operational integration planning, and also provided all of the documentation, then worked with counsel for both sides to see the deal through to closing.” Boozer added, “After the closing, Cogent continues to be very involved in executing the integration plan. Cogent's hands-on approach has allowed both sides to focus on running our respective businesses, while getting us through the entire process."
About Cogent: Cogent Growth Partners is a buy-side merger & acquisition advisory firm combining focused merger & acquisition know-how with deep IT Services operational expertise. Cogent specializes in helping IT Services and Managed Service Providers realize growth via planning and execution of customized merger and acquisition strategies. Helping owners create successful companies that deliver exceptional financial results and improved equity value – all while mitigating the risks often associated with planning and executing acquisition and exit strategies. For more information visit http://www.CogentGrowthPartners.com
About NCC DATA: Headquartered in Dallas, Texas, NCC Data is a professional IT services firm specializing in managed IT services, fractional outsourcing, and cloud computing for small and medium businesses in all industries. NCC provides a deep level of expertise for disaster prevention and recovery as well as network infrastructure optimization and virtualization. To learn more about NCC Data’s flexible and customized IT services call (972) 354-1600 or visit www.nccdata.com
Posted on Aug 08, 2011