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  • Writer's pictureIT ExchangeNet

ITX Facilitates Ascend Technologies' Acquisition of Infogressive

CHICAGO, July 29, 2020 - ASCEND TECHNOLOGIES LLC, a leading Midwest IT solution provider, announced its merger with Infogressive, Inc., a leader in cybersecurity solutions.

Recently named to MSSP Alert's Top 20 Security Operations Center as a Service (SOCaaS) solution provider for MSPs, and ranking #54 on MSSP Alert’s Top 200 MSSPs, Infogressive is a national cybersecurity services provider. With the backing of private equity firm M/C Partners, the two companies will merge to extend and grow their respective strengths in cybersecurity and cloud.

The transaction was facilitated by IT ExchangeNet (ITX), a leading mid-market mergers and acquisitions firm specializing in the sale of MSSPs, MSPs, and Microsoft channel partners.

"We are proud of our heritage and have been 100% focused on cybersecurity since our founding in 2006. In that time, we have never had a data breach. For Infogressive, the merger means we can invest in growing our areas of competency in cybersecurity while ensuring our existing clients and partners gain from Ascend's extensive breadth of offerings and broader geographic presence," said Justin Kallhoff, CEO, Infogressive.

“As Infogressive was experiencing exponential growth, we wanted to identify a strong partner to invest in expanding our cybersecurity offering. ITX attracted more than 100 qualified financial partners into the process. This gave me multiple options to ensure my employees, clients, and partners would benefit from a well-thought merger,” Kallhoff added.

The combined organizations will have over 150 U.S.-based technical and security professionals, with offices in Chicago, Illinois, and Lincoln, Nebraska.

ABOUT ITX Founded in 1998 by technology CEOs and M&A professionals, IT ExchangeNet (ITX) is an organized and efficient marketplace for owners of mid-market IT businesses seeking buyers or strategic partners. IT ExchangeNet follows a disciplined and highly targeted process, bringing global buyers and sellers together.

IT ExchangeNet owns a network of more than 50,000 global IT decision-makers. Focusing on smaller companies that are historically ignored by large investment banks and M&A advisors, ITX leverages industry knowledge and relationships to work with companies that are ready to be sold, and buyers that are ready to buy. Specific segments of the IT industry served include: Managed IT Services, MSSPs, Software as a Service (SaaS), Hosting, Infrastructure as a Service (IaaS), Cybersecurity, IT Services, Software Development, and Big Data.

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