ConvergeOne, a IT services provider of collaboration and technology solutions, has acquired Strategic Products and Services (“SPS”), a global, multivendor communication and networking managed service provider headquartered in New Jersey, the company said.
Effective immediately, SPS is now SPS, a ConvergeOne company. This acquisition solidifies ConvergeOne´s position as a provider of collaboration and IT enabled solutions in the market today.
ConvergeOne serves as a trusted advisor to more than 7,000 customers, including 52 percent of the Fortune 100 and 40 percent of the Fortune 500 customers across the healthcare, finance, manufacturing, education, and energy industries. ConvergeOne´s deep technical expertise within collaboration, enterprise networking, data center, cloud and security solutions and its end-to-end service capabilities differentiate the company from other IT service providers. Through existing relationships with more than 300 next generation technology partners, ConvergeOne provides, multivendor solutions and services that solve customers´ business challenges regardless of their existing infrastructure.
SPS, a ConvergeOne company will be led by John F. Lyons, President and CEO, Enterprise, ConvergeOne.
Houlihan Lokey acted as SPS´s exclusive investment banker for the transaction.
Founded in 1993, ConvergeOne is a global IT service provider of collaboration and technology solutions for large and medium enterprise with decades of experience assisting customers to transform their digital infrastructure and realize a return on investment.
Clearlake Capital Group, L.P. is a private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake´s operational improvement approach, O.P.S.Â®
Strategic Products and Services is a global, multivendor communication and networking managed service provider.