ITsavvy (GenNx360 Portfolio) Acquires INOC LLC

Xerox Acquires ITsavvy for $400 Million

October 18, 2024

IT Services

Xerox Holdings agreed to acquire ITsavvy, an Oak Brook, Illinois-based provider of integrated IT infrastructure solutions and services, for $400 million (including $180 million cash and $220 million in secured promissory notes). The deal was expected to close in Q4 2024 and is described as subject to customary regulatory approvals/clearance until completion.

Enlightenment Capital-backed iNovex Acquires Innoplex

May 19, 2023

Cybersecurity

Enlightenment Capital-backed iNovex has acquired Innoplex, combining two long-standing intelligence-focused software and cybersecurity services firms. The deal creates a middle‑market intelligence and cybersecurity platform with more than 1,000 employees and roughly $2 billion in recent prime contract awards; Innoplex president Chris Hawthorne will serve as president of the combined company under iNovex leadership.

GenNx360 Capital Partners Invests in ITsavvy LLC

August 10, 2022

IT Services

GenNx360 Capital Partners, a New York City-based private equity firm, announced an investment in ITsavvy, an Addison, Illinois-based technology solutions provider. The partnership with ITsavvy's management will provide capital and operational support to evolve the company's IT infrastructure and value-added reseller platform and accelerate organic and inorganic growth.

Tailwind Capital Acquires Onix Networking Corporation

July 1, 2022

IT Services

Tailwind Capital has partnered with Onix Networking Corporation in a transaction to support Onix's next phase of growth and build a leading Google Cloud partner. The investment will fund expansion of Onix's advanced services (including consulting, application development, data & analytics and managed services) and enable a strategy of scaling globally and pursuing add-on acquisitions.

NouvEON Acquires InCentric Solutions

January 1, 2019

IT Services

NouvEON acquired InCentric Solutions in a strategic acquisition to expand its IT services capabilities. 7 Mile Advisors served as buy-side advisor and arranged acquisition financing from Bank of America to support the transaction.

NouvEON Acquires InCentric Solutions

August 11, 2010

IT Services

NouvEON, a management and technology consulting firm, has acquired Morrisville-based InCentric Solutions to expand its Research Triangle presence and add technology hardware and services capabilities. Financial terms were not disclosed; the combined company will have more than 110 employees.