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Xobee Networks Acquires San Jose It Firm Myers Network Solutions

Dec 14, 2022•almost 3 years ago

Acquiring Company

Xobee Networks

Acquired Company

Myers Network Solutions

Fresnoinformation technology & servicesConsultingInformation Technology

Description

Today, Xobee Networks, California’s largest-growing Managed IT Support company, is announcing the acquisition of Myers Network Solutions; San Jose’s partner of choice for computer business technology. This acquisition continues to build on the success of Xobee Networks and its clients, by allowing Xobee to scale resources and products to an even larger range of businesses in the San Jose area.

Company Information

Company

Xobee Networks

Location

7589 N Wilson Ave

Fresno, California, United States

About

Xobee Networks is a premier managed service provider founded in 1996, delivering comprehensive IT solutions to businesses across California. Headquartered in Fresno, Xobee offers a wide range of services including outsourced IT support, cybersecurity, cloud infrastructure, VoIP, and data backup, serving a diverse portfolio of SMB and enterprise clients.

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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