Magna5 Acquires Advanced Network Systems
October 5, 2023
Magna5, a NewSpring Holdings-backed managed IT and cybersecurity platform, has acquired Advanced Network Systems (ANS), a Charlottesville, Virginia-based managed IT and cybersecurity provider. The add-on expands Magna5's scale and presence in the Mid-Atlantic (Virginia and West Virginia) and strengthens its managed IT, cybersecurity, data recovery, and cloud service capabilities; financial terms were not disclosed.
- Buyers
- Magna5, NewSpring Holdings
- Targets
- Advanced Network Systems
- Platforms
- Magna5
- Industry
- IT Services
- Location
- Virginia, United States
- Transaction Type
- Addon
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