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Intelligent Technical Solutions acquires Afineol IT Consulting to strengthen its geographic footprint

Nov 05, 2024•about 1 year ago

Acquiring Company

Intelligent Technical Solutions

Acquired Company

Afineol IT Consulting

Las VegasSacramentoVoipCyber SecurityHardwareInformation Technology

Description

Intelligent Technical Solutions, a provider of IT managed services, has acquired Afineol IT Consulting in partnership with Michael and Margaret Strong, the company's owners. The partnership further strengthens ITS's geographic footprint and leadership in the Sacramento region while ensuring personalized care for Afineol clients backed by ITS's expanded resources and expertise.

Company Information

Company

Intelligent Technical Solutions

Location

Las Vegas, Nevada, United States

About

Intelligent Technical Solutions is a provider of managed cybersecurity and IT services. Founded in 2003 and headquartered in Las Vegas, NV, ITS provides managed cybersecurity, compliance, IT, cloud, VoIP phone, and fiber internet services to small and medium sized businesses (20-500 seats) throughout the Midwest and Western United States. In its decades of service, ITS has received several accolades and recognition from distinguished award-giving bodies. Most recently, the company was recognized by the MSSP Alert's Top 250 MSSPs, CRN Fast Growth 2024, Channel Futures MSP 501 2024 and MSP Titans of the Industry.

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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