logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Magna5 expands its managed security services and geographic footprint with the acquisition of ThreatAdvice

Dec 03, 2024•about 1 year ago

Acquiring Company

Magna5

Acquired Company

Magna5

Description

Magna5, a national leader in managed IT services and cybersecurity solutions, has strategically acquired ThreatAdvice, a trusted provider of comprehensive managed security solutions. This acquisition is aligned with Magna5's dual growth strategy of expanding geographically and enhancing the breadth of its managed security capabilities, reinforcing its commitment to delivering high-quality security solutions and expanding its presence in the Southeast U.S.

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