Magna5 Acquires FullScope IT

September 10, 2024

Magna5, a NewSpring Holdings platform company, has acquired FullScope IT to expand its managed IT, cybersecurity and cloud services footprint across the United States. The deal increases Magna5's operational density in the Northeast (New York to Virginia) and establishes a foothold in the Southwest via FullScope's Arizona operations, while adding FullScope's CMMC L2 compliance capabilities.

Buyers
Magna5, NewSpring Holdings
Targets
FullScope IT
Platforms
Magna5
Industry
IT Services
Location
United States
Transaction Type
Addon

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