Private Equity Firm Supports Cloud MSP, Government Software Consultant
These are mergers and acquisitions and investment deals number 62 and 63 that ChannelE2E covered in 2020. Check out the full list of M&A deals here.
Smartronix from Hollywood, Maryland is one of the top 200 public cloud MSPs (ranked number 5 for 2019). The company provides IT and cloud solutions to governments and commercial customers, as well as intelligence, surveillance and reconnaissance solutions to the US Department of Defense.
Trident of Huntsville, Alabama, is a provider of computer, engineering, and programming solutions to the United States Federal Government.
OceanSound Management Perspectives
In a prepared statement on the two agreements, OceanSound co-founder and partner Joe Benavides said:
“The Smartronix and Trident transactions are exciting and significant milestones for OceanSound that validate our investment strategy, the capabilities of our team and the strong support we have received from investors, especially given the collective scale of the transactions over the course of of our first year. We have assembled an exceptional team with significant prior experience investing in our target markets. We are united in the belief that we can apply our collective expertise and experience to identify, acquire and drive value creation in attractive middle market companies operating in both public and commercial markets.
Addition of Ted Coons, co-founder and partner of OceanSound:
“Given our long history of collaboration, the launch of OceanSound has been a smooth transition. These initial transactions fit perfectly into our investment strategy and leverage our differentiated perspective of companies operating at the intersection of government and technology. Smartronix and Trident provide critical cloud computing and digital transformation solutions, particularly to government customers, and their collective expertise in multicloud, data analytics and cybersecurity ideally positions companies to compete and win in growing markets. of critical computing. , cloud and defense services and solutions.
OceanSound Co-Founder and Partner Jeff Kelly offered:
“We are delighted to have the opportunity to partner with Smartronix and Trident. Each has a distinguished employee base and impressive track record providing critical services and solutions to their clients. Both companies will have access to additional resources, a diverse portfolio of capabilities and contract vehicles, as well as improved geographic reach to better meet customer needs. We look forward to supporting their continued growth with additional investments in the company’s infrastructure, including human capital and technology, and strategic acquisitions. “
Smartronix Company Background
Smartronix has been managing public cloud services since 2009 when it provided Recovery.gov, the first federal cloud-hosted web property.
Fast forward to the present day, and the Smartronix Cloud Assured platform provides public and private sector organizations with MSP and MSSP services. In addition, Smartronix Cloud Migration Factory helps large organizations to strategize, plan, design, deploy and operate multi-cloud and hybrid infrastructure services.
In a prepared statement on the OceanSound deal, Smartronix CEO John Parris said:
“The Smartronix team is delighted to partner with OceanSound given their extensive experience in our core markets and a shared vision on how we can continue to grow our business. This partnership will allow us to further develop our brand, expand our portfolio of capabilities and expand into new customer segments by investing in the business, both organically and with strategic acquisitions. “