ATLANTA, GA, AUGUST 12, 2014 -- Cogent Growth Partners, LLC (Cogent) announced today that they advised Altuscio Networks (Altuscio), an Atlanta-based full service Information Technology (IT) company supporting small and medium sized business (SMBs), on its recently announced acquisition of A to Z Information Services, LLC (AtoZ), a well-established managed services provider in Atlanta, GA. This is the fifth transaction for Altuscio that was led by Cogent.
Altuscio Networks is an Atlanta company founded by Ben Silliman in 2000. As a result of this acquisition, Altuscio will now have over 35 employees serving more than 500 clients throughout the metro Atlanta area. “AtoZ is a good fit with strengths in managed services, cloud services and professional services, which are our main areas of business,” said Altuscio CEO Ben Silliman. “We are excited to offer AtoZ clients access to additional staff and skillsets so they can take greater advantage of today’s technology solutions.” Navin Balakrishnaraja, one of the founders of A to Z Information Services, will become the Chief Information Officer (CIO) at the combined company and continue to serve customers and aid business development efforts under the Altuscio banner.
Mr. Balakrishnaraja stated, “Our customers will have greater access to the technological expertise and services they need to succeed in an increasingly complex and competitive environment. We look forward to growing as part of the Altuscio team.” According to Silliman. “The combination of AtoZ with Altuscio strengthens the management team and creates a deeper more experienced technological team, with expanded resources to better serve the evolving needs of our clients.”
“Business IT needs are rapidly evolving and MSP/IT services providers have to add talent and capabilities faster than ever before” stated Bruce Teichman, a Vice President and Partner at Cogent. “Immediately upon closing this transaction, Altuscio has not only grown their client and employee base, but has added custom development capabilities and vertical expertise in healthcare and EMR solutions that would have taken years to create.”
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.
About Altuscio Networks
Altuscio provides managed information technology services that enable companies to operate their businesses more effectively and cost-efficiently. Altuscio has integrated various managed IT services platforms and technologies, with remote reporting and ticketing tools and dedicated highly trained technicians, to offer highly reliable outsourced computer services throughout the metro Atlanta area and in select areas nationwide. Altuscio virtually eliminates the need for companies to invest in and maintain diverse IT support infrastructure. Founded in 2000, Altuscio Networks, a DBA of Silliman, Inc., is a privately held company based in Atlanta, GA. www.altuscio.com
About A to Z Information Services
Since 2000, A to Z Information Services has been providing quality Information Technology (IT) support services to clientele that consists of diverse industries, including manufacturing, medical, legal, financial, non-profit and many other small and medium sized businesses throughout Metro Atlanta. They are also pioneers in the healthcare vertical having setup new healthcare facilities and physicians’ offices with EMR consulting and integration.
Media Contact: George Sierchio, Cogent Growth Partners, 973-542-4020 firstname.lastname@example.org
Posted on Jul 24, 2014