MSP Acquisition: TCI Buys Bravura NetworksBy Jessica Davis | Print
Desktop-as-a-Service Designed for Any Cloud ? Nutanix Frame
Technology Capital Investors, looking to build a network of large managed service providers across the country, has acquired another one, Bravura Networks of San Diego and Chicago.
Managed services provider Bravura Networks, which operates in San Diego and Chicago, has become part of the Technology Capital Investors (TCI) portfolio of MSP partners through an acquisition.
The deal marks one of many that TCI has struck over the past few years as it looks to build a network of large managed service providers across the country. Like the other deals, this one calls for Bravura to keep its company brand, associates and executive leadership. Other TCI brands include Albany, NY-based D&D Consulting, Kansas City-based Avazpour Networking Services, ETCI and HostNet. TCI’s goal is to acquire 3 to 4 managed services companies per year.
New acquisitions are provided with TCI’s standardized infrastructure, OS33’s infrastructure-as-a-service platform, as well as strategic management support and new portfolios of cloud services that focus on market specialization and a stronger customer service value proposition, according to TCI.
"TCI acquired Bravura Networks as part of the company’s vision to successfully partner with, empower and profitably grow local and regional MSPs," said Sam Attias, managing partner, TCI, in a statement.
"By providing IT business owners with capital, business resources, cloud computing expertise and operational infrastructure, TCI is helping MSPs and hosting providers in the U.S. scale their businesses during a fiercely competitive industry climate that is rapidly consolidating," he said. "The cloud has fundamentally changed the IT services industry and MSPs must respond by transforming their business models into scalable, profit-minded operations that meet the dynamic needs of the marketplace and exceeds their customers’ expectations."
Bravura Networks’ co-owners Michael Hall, president, and Michael Kaiser, CEO said they are all-in with the TCI strategy.
"We built this business to make managing IT easy and efficient for SMBs," said Kaiser in a statement. "TCI’s investment in our success gives us the ability to strategically grow the business faster and more profitably, while enabling us to introduce a new portfolio of cloud services that will enhance our service offerings and address the service the needs of our customers. All of these factors played an important role in our decision to join TCI."
Bravura Networks’ founders will maintain ownership stakes in the company and continue to run the day-to-day operations of the business. TCI’s investment provides sales and marketing funds to build brand while further concentrating the business within key verticals including the financial, compliance and franchise markets.