March 27, 2012 (New York, NY): Cogent Growth Partners, LLC announced today it advisedSeattle Computing, Inc., a professional information technology services firm headquartered in Seattle Washington, on its recently announced merger with Active Computer operating in the greater Seattle/Bellevue/Tacoma metropolitan area, which was effective January 1, 2012.
According to David Schafran, a Managing Partner at Cogent, “This is a great strategic move for Seattle Computing and Active Computer. It expands the skill sets and geographic footprints of both companies. It is a great combination for both firms and -- most importantly -- for the clients served by both companies.”
“One of the reasons for our excitement about this merger is that like Seattle Computing, Active Computer has been a growing and profitable company with a primary focus on client satisfaction.” says Tait Covert, President and CEO of Seattle
Active Computer owner Chad Hiatt agrees: "Seattle Computing and Active Computer; and Tait and I; have both been building our businesses in the same direction through the years. Working together in 2011, it became clear our skills, resources, and goals were very complementary. Now, as one company, we are delivering even
greater value. We're all personally invested in the business success of each and every client."
Covert continued, “Chad and I were looking back on the work to date and marveling that we had originally considered navigating the merger process by ourselves. The Cogent team helped us with the items we knew we needed help with, but also with all the places we did not even know we needed to address. They are currently helping us wrap up this integration and have already started work on our next strategic moves.”
Cogent is very pleased to have the opportunity to put these two highly regarded Seattle metropolitan area IT service firms together providing expertise to them in valuation, deal flow, corporate structure and integration. As one, they offer uniquely tailored services and faster client assistance as well as more extensive project support and delivery. Cogent will continue providing assistance with the combined companies to promote greater organic growth and profitability as well as increased value to the shareholders and their clients.
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 Seattle Computing, Inc.: Seattle Computing has worked diligently for over 8 years to offer a strategic, professional level of IT service to their clients. They have built a proven business model focused to support clients who want the reliability of experienced IT talent, but do not want or cannot afford the overhead and expense that comes with an internal resource. For more information, call (206) 624-7875 or visit seattlecomputing.com
About Active Computer: Active Computer has been in business since 1998, providing consulting expertise and support for computer networks and systems to growing businesses in the greater Seattle / Bellevue / Tacoma metropolitan area.
They specialize in servicing businesses that utilize Microsoft product networks: Microsoft Small Business Server, Microsoft Windows Server, and Microsoft Windows personal operating systems.
Contact: David Schafran; call 212-799-1770 or email david@CogentMergers.com
Posted on Mar 24, 2012