Terralogic Solutions, an MSP and MSSP backed by personal fairness agency Paxion Capital, has acquired majority possession in Tridius Technologies, a Microsoft Gold Companion that provides Azure cloud utility improvement and consulting providers. Monetary phrases of the deal weren’t disclosed.
That is know-how M&A deal quantity 440 that ChannelE2E has coated to date in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Terralogic and Tridius: IT Companies Focus Areas
Terralogic, the customer on this deal, was based in 2008. The San Jose, California-based know-how answer supplier has 1,000 workers throughout the United States, India and Vietnam. Terralogic’s areas of experience spans design, improvement, cloud, cybersecurity and IT providers for Nutanix, Citrix, Dell, Fortinet, and Cisco Methods options.
Tridius, primarily based in Plano, Texas, has 37 workers listed on LinkedIn. The corporate has operations and expertise in London, United Kingdom; San Jose, California; and Costa Rica. Tridius’ experience spans Microsoft cloud providers, information & analytics, utility improvement, DevOps, and managed providers.
Tridius CEO Matthew Ramsey, CTO David Clark and EVP Kevin Wheat will retain a big fairness possession within the Firm and stay on the board. Terralogic CEO Renil Komitla and Paxiun Capital CFO Duncan Robertson be part of the Tridius board.
Terralogic Acquires Tridius: Govt Views
In a ready assertion concerning the deal, Ramsey mentioned:
“We consider our future development alternatives are immense and Terralogic’s funding in Tridius is proof of our focus and execution within the fast-growing section of Microsoft cloud providers and utility improvement. We look ahead to our partnership with Terralogic as they assist our aggressive natural development and add-on acquisition technique.”
Added Terralogic’s Komitla:
“Terralogic is worked up about our funding in Tridius due to their intensive market and trade expertise, human capital assets and monitor file of delivering desired outcomes for purchasers by the adoption of Microsoft cloud providers.”
Concluded Clark of Tridius:
“We have now a novel alternative to seize Microsoft cloud providers market share as purchasers prioritize modernizing platforms that allow them to be extra agile, enhance their enterprise efficiency and supply extra related and interesting experiences for his or her prospects. Our relationship with Terralogic will assist us tackle shopper wants with higher scale and velocity.”
Terralogic Acquires Safety Operations Heart (SOC) Experience
Terralogic has M&A expertise. The corporate acquired AforeCybersec for safety operations middle (SOC) experience in 2019.