MSP Acquisition: TCI Buys Bravura Networks

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.