Sourcepass Acquires Network Solutions And Technology, Inc., Completes Latest Funding Round Of $70Mm
Acquiring Company
Sourcepass
Acquired Company
Technology
Description
Sourcepass, announces it has closed the acquisition of Network Solutions and Technology, Inc. (NST), a leading information technology service provider, for over 21 years. The transaction was funded through a combination of cash and equity. With commitments of $70MM in capital, Sourcepass also announces the completion of its latest round of funding. Through Sourcepass’ newly established relationships with lead growth capital partner, Metropolitan Partners Group; several experienced angel investors; and notable investor, Wedge Venture Partners, the latest round of funding is a makeup of debt and equity financing. These accomplishments have positioned Sourcepass to fuel and advance its mission to revolutionize the IT services space and drive progress for SMB technology footprint across North America.