ITX Facilitates EightCloud’s Acquisition by Navisite
IT ExchangeNet (ITX) Client Engagement
The transaction was facilitated by ITX, a global leader in smaller mid-market mergers and acquisitions focusing on IT Services businesses, MSSPs, MSPs, Microsoft, and Oracle channel partners. It marks the firm’s eighteenth transaction in the past 12 months.
As a Salesforce Consulting Partner with 10 years of experience serving commercial, non-profit and government clients, EightCloud will enhance Navisite’s enterprise application, data management and cloud services portfolio with comprehensive Salesforce advisory, implementation and managed services. With this acquisition, Navisite continues to execute its customer-focused growth strategy.
EightCloud was founded in 2011 with a mission to provide extraordinary depth and breadth of Salesforce expertise with much greater efficiency than the traditional consulting model. Since pioneering managed services for Salesforce, and adding advisory and implementation services, EightCloud has continually redefined the standard for delivering future-ready solutions. EightCloud was recently recognized by Salesforce as an Expert in several Partner Navigator categories including managed services. This Expert distinction is only awarded to a handful of partners globally. The company has team members in the U.S., Mexico and India providing services to industries such as high-tech, healthcare, higher education and state and local government.
“Thank you to ITX for providing a diverse group of possible partners and keeping the process on track,” said Ajay Nair and Darryl Lemecha, co-founders and managing partners of EightCloud. “We are thrilled to join Navisite. This transaction sets up our clients and employees for long-term success by adding a broader set of global resources, services and capabilities.”
“Working with EightCloud and Navisite proved to be a wonderful combination,” commented Matthew Putzulu, COO of ITX. “EightCloud’s Salesforce expertise coupled with Navisite’s portfolio of capabilities will be a powerful pairing.”
EightCloud was founded in 2011 with a mission to provide extraordinary depth and breadth of Salesforce expertise with much greater efficiency than the traditional consulting model. As a Salesforce Consulting Partner, EightCloud is a trusted advisor to mid- and large-sized businesses, government agencies and non-profits, guiding them to a better future with customized advisory, implementation and managed services. For more information, visit www.eightcloud.com.
Navisite is a modern managed cloud service provider that accelerates digital transformation for thousands of growing and established global brands. Through our comprehensive portfolio of enterprise application and cloud services, proven delivery methodologies and global team of highly specialized experts across technologies, platforms and industries, we provide the capabilities and practical guidance customers need to move their businesses forward. Let us partner with you to navigate the now of IT change, lower costs and meet new demands at any point in your journey. To learn more, visit navisite.com—modern IT services for modern IT needs.
Founded in 1998 by technology CEOs and M&A professionals, IT ExchangeNet (ITX) was acquired by martinwolf in January of 2021. The deal creates a globally recognized provider of M&A advisory services for transactions spanning $5 to 500 million, with both companies each having more than 20 years of experience in the IT mid-market space.
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), Cyber Security, IT Services, Software Development, and Big Data.
To learn more about ITX: www.itexchangenet.com