logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Magna5 enhances services with acquisition of FullScope IT

Sep 10, 2024•over 1 year ago

Acquiring Company

Magna5

Acquired Company

FullScope IT

Cyber SecurityInformation Technology

Description

Magna5, a leading provider of managed IT, cybersecurity, and cloud solutions, has successfully acquired FullScope IT, a managed IT services business with a strong presence in the eastern and southwestern United States. This strategic acquisition will enhance Magna5's ability to deliver comprehensive support and protection to its clients while expanding its reach across the United States.

Company Information

Company

Magna5

About

Magna5, a portfolio company of NewSpring Holdings, provides managed IT services, cybersecurity, private and public cloud hosting, backup and disaster recovery and other advanced services to mid-market and enterprise customers nationwide, including leaders within the education, healthcare, government, financial services, manufacturing and other industry segments. Headquartered in Pittsburgh, PA, Magna5 services customers nationally. For more information, visit https://www.magna5global.com/.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed