EchoStor Technologies has announced the acquisition of Pennant Networks, a provider of solutions and managed services to the Life Sciences vertical.
Through this acquisition, Echostor will boost its managed services capabilities and expand its presence in an evolving sector.
Pennant Networks brings life sciences vertical expertise to EchoStor services
Pennant Network’s vertical expertise and EchoStor’s technical capabilities will combine to meet demand at scale.
Pennant Networks’ work in the Life Sciences ecosystem has impacted research and clinical-phase companies, biotech-focused venture capital firms, global pharmaceuticals, Contract Biomanufacturers, and scientific research organizations.
“This acquisition represents a strategic step forward as we expand into highly specialized, high-value markets,” said Mike Johnson, CEO of EchoStor Technologies.
“Life Sciences demands more than technical expertise; it requires a partner who understands complex regulatory frameworks, data integrity, security, and the operational discipline that defines the industry. Pennant’s team brings immediate credibility and proven services capabilities to leading Life Sciences organizations. This positions EchoStor for sustained growth in Life Sciences and advances our long-term vision of building a market-leading platform purpose-built for complex, regulated industries,” Johnson’s statement continued.
Why life sciences companies require IT support to drive AI in drug discovery in more
According to EchoStor, Life Sciences is a rapidly growing and complex sector in enterprise IT.
The rapid growth and complexity are being driven by a surge in venture investment, increasing regulatory scrutiny, and the accelerated role of data and AI in drug discovery, clinical trials, and healthcare delivery.
“When we evaluated what a partnership with EchoStor would mean for our clients and our team, the answer was clear,” said Thom Serra, CEO and Founder, Pennant Networks. “Our customers trust us because we understand their world – the compliance requirements, the funding cycles, the research timelines, the stakes. EchoStor shares that commitment to deep expertise and long-term relationships. With their resources behind us, we can do more for the clients we’ve served for years and reach Life Sciences organizations we couldn’t support on our own. This is the right move for everyone we serve.”
Recent move follows earlier CyberNorth acquisition
EchoStor has remained consistent in making acquisitions to improve its services and better serve its customers.
Last year, the organization moved to acquire CyberNorth to expand IT, cloud, and data protection services.
“This acquisition marks a significant milestone in EchoStor’s M&A growth strategy and reinforces our position as the premier solution provider in the Northeast,” Johnson said at the time. “CyberNorth’s exceptional team and their proven ‘secure and simplify’ approach will strengthen our ability to deliver end-to-end, customized solutions that better protect and serve our enterprise clients.”
CyberNorth’s specialized data protection expertise has combined with EchoStor’s technology portfolio, enabling the unified organization to offer customers comprehensive, next-generation solutions.
2026 has started out strongly for organizations in the channel looking to make acquisitions and mergers to bolster their products and services. Read more about some of the other M&A moves from the month of February to stay up-to-date on the consolidation trends.