PORTLAND, ME, August 28, 2014 -- Cogent Growth Partners, LLC (Cogent) announced today that they advised Winxnet, Inc. (Winxnet), a rapidly expanding Portland Maine-based New England provider of IT consulting and outsourcing for small and medium-sized businesses (SMBs), on its recently announced acquisition of KDSA Consulting, LLC (KDSA), a leading technology consulting firm based in Methuen, MA. The transaction was effective for August 1, 2014.
“This is an exciting time for Winxnet and our customers,” said Chris Claudio, CEO of Winxnet. “The addition of KDSA’s talented management team and staff, as well as an impressive portfolio of complementary service offerings, further expands Winxnet’s reach throughout New England. We are excited to continue to grow Winxnet and expand the depth of our solutions.”
With the acquisition, Winxnet will strengthen service to its current customer base, as well as to businesses throughout the New England region through the addition of over 40 consulting, service and sales professionals. Winxnet will also increase its offerings to include Enterprise Resource Planning “ERP” solutions—including Microsoft Dynamics™/Great Plains and Acumatica—as well as Business Applications consulting, Unified Voice Communications and a greatly expanded Cloud/Datacenter capacity. KDSA was founded in 2004 by Principals John LoConte and Dawn Mortimer, who will join Winxnet as company executives continuing to lead from the Methuen office.
“Our core values of integrity, honesty and respect in dealing with clients and co-workers directly align with Winxnet’s way of doing business. The integration of the two cultures will strengthen Winxnet’s ability to offer the best complete business technology solutions to organizations in need of IT support and guidance,” said John LoConte. “We are thrilled to be joining the Winxnet team. It is exciting to be a part of a growing company with a strong reputation for service.”
“Regional expansion in the IT services industry is a goal of many providers, but not an easy task to accomplish,” stated George Sierchio, a Vice President and Senior Partner at Cogent. “This particular Cogent led transaction married Winxnet with a company that has the right location, service offerings, client base and executive leadership necessary for a highly successful geographic expansion.”
Cogent Growth Partners (www.cogentgrowthpartners.com) is a buy-side merger & acquisition advisory firm that combines IT industry-specific transaction know-how with deep operational expertise, to work exclusively with clients in the IT and Managed Services industry. Cogent helps create superior companies that deliver exceptional financial results and improved equity value for the owners – all while mitigating many of the risks associated with planning and executing acquisition or exit strategies.
Winxnet is an IT Consulting and Outsourcing firm that has been helping organizations reduce IT costs, lower risk, and achieve greater ROI on technology initiatives since 1999. With multiple offices throughout the Eastern United States, Winxnet provides a broad reach with local expertise. For additional information, visit www.winxnet.com.
Founded in 2004 by John LoConte and Dawn Mortimer, KDSA Consulting is an IT firm dedicated to helping clients develop, implement and maintain systems that drive revenue, control costs, and reduce risk. LoConte and Mortimers’ past experience in Public Accounting gives them a unique perspective when developing application and infrastructure technology recommendations for businesses.
Media Contact: George Sierchio, Cogent Growth Partners, 973-542-4020 firstname.lastname@example.org
Posted on Aug 01, 2014