IT Services Acquisitions in Colorado

Cook Inlet Region, Inc. (CIRI) has purchased I2X Technologies, an IT software, systems engineering, integration, testing, and data management provider. I2X will operate under OSC Global, a CIRI-owned IT and cybersecurity group, and the acquisition is intended to broaden CIRI's capabilities, create operational synergies, and support long-term growth.

Proven Optics, backed by Silversmith Capital Partners, has acquired brightfin's ServiceNow-native enterprise business from Periscope Equity. Periscope will retain and reintroduce Mobile Solutions as a standalone, mid-market-focused platform and has named Chebem Chukwu as CEO as it pursues organic growth and add-on acquisitions.

Kicksaw, a Rallyday Partners–backed Salesforce consulting and revenue-operations firm, has acquired Northbound, a Contract Lifecycle Management (CLM) consulting partner. The deal adds 10+ CLM-certified specialists and expands Kicksaw’s ability to deliver integrated Salesforce + CLM quote-to-cash automation, improving contracting speed, compliance, and governance for customers.

Evergreen Services Group has acquired DPG Solutions, LLC, a Colorado-based IT consulting and systems integration firm, in a transaction led by IBG Business. The acquisition broadens Evergreen's technology services portfolio and adds DevSecOps, infrastructure-as-code and systems-integration capabilities to its platform.

Total Resource Management, Inc. (TRM), a PE-backed enterprise asset management and digital transformation advisory firm, has acquired Stratum Consulting Partners to strengthen its HxGN EAM capabilities. The acquisition expands TRM's service portfolio across IBM Maximo, HxGN EAM and SAP PM; Stratum's team and expertise will be integrated into TRM's platform backed by 424 Capital.

Guardian Capital Partners, an operationally focused private equity firm, has acquired Team LINX in partnership with the LINX executive management team. LINX, headquartered in Denver, provides technology infrastructure services for data centers and mission-critical applications across healthcare, financial services, education and other end markets; MidCap Financial provided financing for the transaction.

Trace3 has acquired Denver-based Zivaro to expand its government, public sector and critical infrastructure capabilities and will create a new Trace3 Government vertical. Zivaro will operate as "Zivaro, a Trace3 Company" in the near term and full integration is expected in Q2 2025; financial terms were not disclosed.

Superstep Capital has made a strategic growth investment in Tru Consulting, a Colorado-based Anaplan-focused IT consultancy, to accelerate the firm’s growth, expand its team, and deepen its capabilities within the Anaplan ecosystem. The capital will support headcount expansion, service delivery, and innovation targeted at higher education and public sector clients.

IT Service Alliance (ITSA), a majority employee- and management-owned outsourced IT manager, has acquired The Parsec Group, a provider of critical infrastructure and legacy operating-system managed services headquartered in Arvada, Colorado. Rejigg facilitated the introduction between the parties; the deal closed on August 30, 2024 and is intended to expand ITSA's U.S. footprint and service capabilities.

Integrity Data Solutions, a Falx Capital portfolio company, has acquired Compu-Call, a Denver-based print solutions provider founded in 1987. The deal will expand Integrity Data Solutions' print solutions offering, diversify its end markets and operate Compu-Call as a wholly owned subsidiary while the founders transition to retirement.

Dexpro Dynamics has acquired Colorado-based Telmar Computer Solutions, Inc. to expand its national Microsoft Dynamics GP and Dynamics 365 practice. The purchase brings Telmar's boutique Dynamics GP consulting and support capabilities and customers into Dexpro's broader Dynamics GP/365 service offering.

Happiest Minds Technologies has signed definitive agreements to acquire 100% membership interests of Aureus Tech Systems LLC, an Azure-native digital product engineering firm headquartered in Denver with ~150 employees. The acquisition strengthens Happiest Minds' product and digital engineering capabilities and domain presence in Insurance & Reinsurance and Healthcare & Life Sciences, enabling cross-sell of cloud, AI, security and infrastructure offerings.

Infinite Blue has acquired Virtual Corporation, LLC, a Colorado-based provider of business continuity, cybersecurity, and disaster recovery advisory services. The deal adds advisory services and subject-matter expertise to Infinite Blue’s enterprise resilience platform, expanding its capability to serve government agencies and enterprise clients. Financial terms were not disclosed.

ePlus inc. acquired certain assets and liabilities of Denver-based PEAK Resources, Inc., closing on January 26, 2024. The asset purchase expands ePlus' engineering, sales, and services delivery capabilities in the Mountain West region; financial terms were not disclosed.

Cognizant has acquired Thirdera, a Broomfield, Colorado-based Elite ServiceNow partner, from Sunstone Partners. The deal expands Cognizant's ServiceNow capabilities and global footprint—adding Thirdera's consultants and training platform—and accelerates a strategic push to build a $1 billion combined AI-driven automation business with ServiceNow.

Chicago-based private equity firm CIVC Partners has acquired Datavail, a data managed services provider, from a group of growth investors led by Catalyst Investors. CIVC said it will partner with Datavail’s management to accelerate organic and inorganic growth, invest in tech enablement, and expand sales and alliance channels.

Funds managed by Capital Square Partners (CSP) completed a take-private acquisition of Startek, Inc. on January 5, 2024, paying $4.30 per share and delisting the company from the NYSE. CSP acquired the remaining shares it did not already own (reported ~ $75 million for the minority stake), gaining full ownership of the global customer experience (CX) provider which operates across 12 countries and employs ~38,000 associates.

Vietnamese technology group FPT Corporation has acquired US-based product engineering services firm Cardinal Peak to strengthen its product engineering delivery capabilities in North America. The deal brings FPT 100 experts and a U.S. office while Cardinal Peak will remain an independent entity with access to FPT's global delivery network.

Dataprise, a Rockville, Maryland-based managed IT services provider and portfolio company of Trinity Hunt Partners, has acquired PEI, an IT services firm headquartered in Boulder, Colorado. The deal expands Dataprise's national footprint into Colorado, deepens its Microsoft practice expertise, and provides PEI's ~250 clients access to Dataprise's enterprise-grade managed services and cybersecurity capabilities.

RCG Global Services, a Frontenac‑backed digital transformation provider, has acquired Woodridge Software, a Colorado‑based FinTech-focused software development firm. The deal expands RCG’s U.S. delivery footprint (particularly in the Western U.S.) and strengthens its financial‑services technology capabilities by combining Woodridge’s onshore team and fintech partnerships with RCG’s offshore delivery centers.

Worklyn Partners completed a majority investment in Denver-based NOYNIM LLC, adding the Microsoft- and Cisco-certified managed IT provider to its Managed IT portfolio. Graycliff Partners provided a unitranche debt financing in support of the transaction; NOYNIM founder Daniel Noy will remain CEO as the company is combined with Worklyn’s existing holdings to build an integrated IT services platform.

3Cloud, a leading Microsoft Azure services firm, has acquired Brainspire Solutions to deepen its application development and modernization capabilities on Azure. The acquisition expands 3Cloud’s Azure engineering capacity (bringing the firm to over 730 Azure experts) and strengthens its ability to deliver cloud-native application innovation for enterprise clients.

Sourcepass has acquired machineLOGIC, a managed IT services provider based in Englewood, Colorado, marking Sourcepass' eighth acquisition and expanding its presence in the Western U.S. The deal brings additional service, account management and technical talent — including expertise in RPA, AI and digital marketing — into Sourcepass' managed IT and cybersecurity platform.

Xceptional, a San Diego-based managed IT services provider, has acquired Altitude Integrations, a Boulder, Colorado managed services provider. The acquisition — Xceptional's first — is intended to expand the combined companies' technical capacity, service and software offerings, and regional presence as part of Xceptional's broader growth plan.

Praecipio Consulting, a Periscope Equity‑backed IT services and Atlassian solutions firm based in Austin, Texas, has completed the acquisition of 6kites, an Atlassian partner and custom software developer headquartered in Boulder, Colorado. The deal strengthens Praecipio's Atlassian, DevOps and software development capabilities and expands its vertical reach into aerospace, electric vehicle and other specialized industries.

Synoptek has acquired Rapid Technologies, an Elite ServiceNow partner that provides consulting, implementation and managed services for the ServiceNow platform. The acquisition strengthens Synoptek's ServiceNow capabilities and expands its application-managed services and co-managed ServiceNow offerings; Rapid Technologies' leaders will join Synoptek as managing directors of its ServiceNow practice.

Meriplex announced the asset acquisition of Colorado-based managed services provider Optimum Networking to expand Meriplex’s physical presence and service capabilities in Colorado. The deal brings Optimum’s managed IT, network security, cloud and VoIP services and workforce into Meriplex’s MSP/MSSP platform to provide local, 24x7 managed technology support for regional and Oil & Gas clients.

UPSTACK, a cloud and internet infrastructure sourcing platform backed by Berkshire Partners, has acquired Colorado-based network and IT consulting firm idea! Communications Group. Co-founders David Garrick and Frank Ferdowsian will join UPSTACK as partners and managing directors as part of the deal; terms were not disclosed. The acquisition is intended to accelerate UPSTACK's platform growth and expand its network, cloud and IT advisory capabilities.

Absolute Performance, a Seaside Equity Partners portfolio company, has acquired Zunesis, Inc., an IT infrastructure and consulting provider based in Englewood, Colorado. The deal expands Absolute Performance's end-to-end IT managed services capabilities and strengthens the combined company's reach and capital base to support future platform growth.

Novatech, a nationwide Managed Office provider and portfolio company of Trivest Partners, has acquired Pahoda Image Products, a Xerox dealer based in Denver, Colorado. Pahoda will retain its name and branding and operate as a stand-alone subsidiary within Novatech, extending Novatech's managed office and print solutions footprint.

ConvergeOne has acquired NuAge Experts, a Boulder, Colorado–based Salesforce services provider, to expand its Salesforce design, integration and managed-service capabilities. The acquisition strengthens ConvergeOne's cloud and customer-experience offerings by adding Salesforce implementation, campaign management, data and managed services expertise.

UPSTACK has acquired Cloudnexion, a global technology and telecommunications consulting firm, to expand its advisory platform for cloud and internet infrastructure solutions. The deal supports UPSTACK's strategy to scale its platform through capability expansion and partner acquisitions following an initial equity investment from Berkshire Partners.

Inflow Communications, a Portland-based contact center advisory and managed services firm (and portfolio company of Renovus Capital Partners), has combined with PeakView, a Denver-based cloud contact center consulting firm. The deal expands Inflow's advisory and technical capabilities for contact center and unified communications technologies and extends its reach into more enterprise customers.

NexusTek, a national managed IT services provider backed by Abry Partners, has acquired Denver-based Symmetrix Solutions. The add-on strengthens NexusTek’s upmarket IT services, cloud and cybersecurity capabilities and expands its presence in the Denver/Rocky Mountain region.

Los Angeles-based private equity firm Riordan, Lewis & Haden Equity Partners (RLH) completed an investment in Denver-based MCA Connect, a Microsoft Dynamics systems integrator that serves manufacturing and energy clients. The capital will support MCA's growth as a national Microsoft system integrator and expand its capabilities around Dynamics 365, Power Platform and analytics.

Waterfield Technologies (WTI) has acquired Forty 7 Ronin, a contact center and customer experience (CX) consulting firm. The deal expands Waterfield's contact center consulting, Genesys integration and voice/IVR capabilities to better serve enterprise customers across multiple channels.

Kainos has acquired Intuitive Technologies LLC (IntuitiveTEK), a Denver-based Adaptive Insights consulting partner, to deepen its expertise in the Adaptive Insights Business Planning Cloud and accelerate growth of its North America practice. IntuitiveTEK, founded in 2010 with 38 employees, has completed more than 500 Adaptive Insights projects.

Dev IQ, a cloud-native software engineering and consulting firm, has acquired the consulting business of Notion One LLC to strengthen its Microsoft and Azure cloud capabilities. Notion One founders Eric Brown and Tyler Brinks will join Dev IQ in leadership roles, and the deal brings Notion One's client relationships and Microsoft/Azure talent into Dev IQ's practice.

AHEAD, a Chicago-based enterprise cloud solutions provider, has acquired Platform Consulting Group, a Denver-based cloud native application development consultancy. The acquisition expands AHEAD’s professional services capabilities in application modernization, cloud-native development and modern development frameworks.

Kin + Carta has acquired Spire Digital, a Denver-based software development and digital transformation firm, to strengthen its Innovation capabilities and establish a strategic foothold in the western United States. Spire’s team of over 100 engineers and designers will remain based in Denver and continue serving Fortune 500 and mid-market clients as part of Kin + Carta’s global offering.

Navint Partners, backed by Boathouse Capital, has acquired Statera, a Salesforce-focused implementation firm specializing in CPQ and Billing. The acquisition brings deep Salesforce CPQ & Billing technical capability to Navint’s advisory and lead-to-revenue services to help clients modernize their lead-to-revenue operations.

Caltius Structured Capital provided a subordinated debt and equity structured capital investment to Denver-based Spinnaker Support to fund continued growth, portfolio expansion and geographic reach. Spinnaker Support is a provider of third-party support and managed services for Oracle and SAP enterprise software, and the financing will support organic growth and strategic acquisitions.

Renovus Capital Partners has acquired a controlling interest in Tempus Nova, a Denver-based Google Premier Partner that provides G Suite and Google Cloud Platform implementations, managed services and custom application development to public and private sector clients. Renovus said it will provide capital to support organic growth and M&A while Tempus Nova's management team will continue to run the business.

Publicis.Sapient, the digital transformation arm of Publicis Groupe, has acquired Vertiba, a Boulder-based Salesforce Gold Consulting Partner that specializes in Salesforce cloud solutions for marketing, sales and customer service. The acquisition strengthens Publicis.Sapient's Salesforce and CRM implementation capabilities to further its data-driven, customer-centric business transformation offerings.

Highstreet IT Solutions completed a majority recapitalization with private equity firms Petra Capital Partners and Transition Capital Partners. The investment is intended to strengthen Highstreet's leadership in cloud-based ERP and cloud services and to support a subsequent add-on acquisition of Enterprise Solutions Group (ESG).

Computer Services, Inc. (CSI) completed the acquisition of Fort Collins-based HEIT, a provider of cloud-based managed compliance, security and IT services for financial institutions. CSI purchased all outstanding shares using cash and CSI stock, adding HEIT's managed services capabilities and roughly 400 financial-institution customers to its platform.

SGI (Silicon Graphics International) has purchased substantially all assets of Copan Systems for approximately $2 million in cash, assuming a limited number of liabilities and no debt. The acquisition expands SGI's storage portfolio by adding Copan's scalable, energy-efficient MAID persistent data platform and SGI intends to retain Copan's Longmont, Colorado office and hire select employees.

Austin-based Perficient, Inc. acquired Tier1 Innovation, LLC, an Oracle- and Siebel-focused IT consulting firm, in a transaction valued at approximately $14.25 million (half cash, half stock). The deal expands Perficient's Oracle/Siebel capabilities, adds a Denver/Rocky Mountain office and more than 50 consulting and support professionals, and was expected to be accretive to earnings.