Cloudscale365 Acquires Firefly It Services, Inc.

Oct 03, 2023•almost 2 years ago

Acquiring Company

CloudScale365

Acquired Company

Firefly IT Services

NashvilleInformation TechnologyInformation TechnologySoftware

Description

CloudScale365, a leading provider of state-of-the-art managed IT services, announced today at Kaseya DattoCon its acquisition of Firefly IT Services, Inc., a top technology solutions provider in Sacramento, California.

Company Information

Company

CloudScale365

Location

Nashville, Arkansas, United States

About

A trusted partner since 1996, CloudScale365 offers state-of-the-art managed IT services and cloud, hosting, security, and business continuity solutions. Backed by a 24/7/365 global help-desk and experienced IT leaders, we’re here to solve your toughest IT challenges. Experts in cloud architecture and network cohesiveness, we’ve helped hundreds of SMEs determine the tools they need to enable remote work, become cyber-resilient, and embrace digital transformation with ease.

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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