Ascend Technologies Acquires Stratosphere Networks' Managed IT and Security Services Division
December 2, 2021
Ascend Technologies has acquired the managed IT and security services division of Stratosphere Networks in a carve-out that expands Ascend’s presence and managed services capability in the Chicago area. Stratosphere will retain its IT project, voice services and consulting businesses while Ascend — backed by private equity partner M/C Partners — onboards the transferred managed services staff and clients.
- Buyers
- Ascend Technologies, M/C Partners
- Targets
- Stratosphere Networks Managed IT and Security Services division
- Sellers
- Stratosphere Networks
- Platforms
- Ascend Technologies
- Industry
- IT Services
- Location
- Illinois, United States
- Transaction Type
- Divestiture
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