ReachOut Technology has acquired Singer Networks LLC, a managed service supplier (MSP) specializing in healthcare sector options. Financial particulars of the deal weren’t disclosed. This acquisition is a part of ReachOut’s technique to develop its presence within the cybersecurity and IT service market whereas selling feminine management throughout the trade, the corporate stated.
This is expertise M&A deal quantity 97 that ChannelE2E and MSSP Alert have coated to this point in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
ReachOut Technology, based in 2010, is predicated in Mokena, Illinois. The firm has 21 workers listed on LinkedIn. ReachOut’s areas of experience embody IT administration, cloud companies, IT assist, information backup companies, enterprise technique, IT consulting, telephone programs/VoIP, and cybersecurity.
Singer Networks, based in 2002, is predicated in Skokie, Illinois. The firm has 5 workers listed on LinkedIn. Singer Networks’ areas of experience embody IT venture administration, particularly within the healthcare sector.
The acquisition is a part of ReachOut’s general technique to determine a nationwide presence within the IT sector, particularly the healthcare and nursing sectors.
With founder Lisa Singer on the helm, Singer Networks is acknowledged as the primary female-founded MSP within the United States, ReachOut identified in its announcement of the deal.
ReachOut Acquires Singer Networks: Executive Statements
Lisa Singer, proprietor and CEO, Singer Networks, commented:
“I am thrilled to be part of ReachOut’s journey and fully believe in its vision and mission. This acquisition marks a new chapter, not only for Singer Networks but also for female leadership in the tech industry. I am also excited about founding my nonprofit and am grateful for ReachOut’s support in this new endeavor.”
Rick Jordan, founder and CEO, ReachOut Technology, stated:
“I am delighted to welcome Singer Networks and Lisa Singer to the ReachOut family. Lisa’s remarkable leadership and the company’s unique position as the first female-founded MSP in the USA align perfectly with our values and our mission of making a huge impact in our space. This acquisition is not just about expanding our reach; it’s about empowering diversity and innovation in the tech industry.”
ReachOut’s Background
ReachOut Technology presents cybersecurity and IT companies, serving small to medium-sized companies. The firm isn’t any stranger to M&A, having accomplished two offers in 2023.
In September 2023, the company bought Ind Technology, and in November 2023, it acquired RedGear, LLC, a Texas and Arizona-based firm specializing in skilled expertise companies.
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