Xerox Acquires ITsavvy for $400 Million

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.

ITsavvy (GenNx360 Portfolio) Acquires INOC LLC

February 13, 2023

IT Services

ITsavvy, a GenNx360 portfolio company, has acquired INOC LLC, a Northbrook-based provider of 24x7 Network Operations Center (NOC) services and NOC consulting. The acquisition adds INOC's AIOps-enabled NOC capabilities and ~200 employees to ITsavvy, strengthening the platform's Intelligent Edge, multi-cloud, and managed services offerings.

Xerox Holdings Corporation Acquires Powerland

February 2, 2022

IT Services

Xerox Holdings Corporation has acquired Powerland, a Canadian IT services provider, for cash to strengthen Xerox's IT services offerings across North America, including cloud, cybersecurity, end-user computing and managed services. 7 Mile Advisors served as exclusive sell-side advisor. The acquisition expands Xerox's footprint and capabilities in Canada to better serve SMB and enterprise customers.

IBM Acquires Apptio for $4.6 Billion

June 26, 2023

Cloud & SaaS

IBM entered into a definitive agreement to acquire Apptio, a FinOps and financial/operational IT management software provider, for $4.6 billion. The deal combines Apptio’s cloud spend management SaaS offerings with IBM’s automation and observability portfolio and augments IBM’s watsonx AI and data platform with Apptio’s anonymized IT spend data.

Netrix Global Acquires U.S. IT Services Business from Ricoh USA, Inc.

November 4, 2025

IT Services

Netrix Global has acquired the U.S.-based IT Services business (ITS) of Ricoh USA, Inc., expanding Netrix's managed services, cloud, infrastructure and collaboration offerings and broadening its geographic reach across the Northeast, Mid-Atlantic and Southeast. The deal brings Ricoh's ITS team and customer base into Netrix's cybersecurity and digital transformation platform and is intended to increase scale, technical specialization, and investment in product and talent.

Xerox Completes Acquisition of Lexmark in $1.5 Billion Deal

July 1, 2025

IT Services

Xerox Holdings has completed its $1.5 billion acquisition of Lexmark International from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The combination expands Xerox’s print and managed print services portfolio and strengthens its global manufacturing, distribution, and end-to-end workplace solutions offering.