UPSTACK Acquires Consultant and Strategic Communications Solutions Provider DVP Technologies | News
NEW YORK, February 24, 2022 /PRNewswire-PRWeb/ — UPSTACK, the fast-growing, cost-effective platform transforming the way enterprises design and select Internet infrastructure solutions, today announced the acquisition of DVP Technologies, a ConnecticutNew York-based communications and consulting solutions provider. Terms of the transaction were not disclosed.
UPSTACK’s acquisition of DVP is part of the company’s strategy to accelerate the growth of its industry-transforming platform, which combines leading Internet infrastructure consultants with proprietary software and resources from support.
Building on an earlier capital investment from Berkshire Partners, UPSTACK recently secured $100 million in financing MidCap Financial and Morgan Stanley Private Credit to scale its platform through technology expansion and investment from strategic partners.
The co-founders and managing partners of DVP, Thomas Luciano and Michael Rafferty will join UPSTACK as partners and general managers. DVP Director of Operations Eric Nygard will also join the company.
“For more than two decades, Thomas Luciano and Michael Rafferty have built a successful network and cloud infrastructure agency with well-known clients in the financial, legal, healthcare and commercial real estate markets,” said Christopher Trapp, CEO of UPSTACK. “We are delighted to bring their expertise to the UPSTACK team.”
Luciano and Rafferty began their telecommunications careers at Cable & Wireless in the 90s, and each left the company to start their own telecommunications sales agency. As individual agents, they partnered on many projects and in 2000 formed DVP Technologies to develop their business books together.
DVP provides business customers with a variety of networking, data and cloud solutions, including Contact Center as a Service (CCaaS), Unified Communications as a Service (UCaaS), Ethernet WAN, SD- WAN, virtual desktops, desktop as a service (DaaS), and managed hosting. Close to Wall Street, DVP accompanies many financial and legal firms and works mainly with large companies.
DVP was courted by four investors, who ultimately chose UPSTACK, which would allow the founders to stay in the business. “We’ve come to love the people at UPSTACK and by Christophe Trapp vision to grow the business beyond acquisition,” said Luciano. “It was clear that there was deep organization and that he was planning ahead. Combined with the quality of the advisers on board, UPSTACK seemed to us to be the ideal solution.”
“Top advisors are the engine of the UPSTACK model, but there is also a technology platform through which product consumption can take place,” Rafferty said. “That dual nature was also very important to us.”
Rafferty says the most important factor in the partnership is the instant economies of scale UPSTACK brings to drive growth. “Being part of UPSTACK opens up a whole new suite of products and services that our customers can source,” Rafferty said. “And the pre-sales and post-sales resources now available to us will allow us to maintain a high-quality experience for our customers as we grow.”
For more information about the UPSTACK Advisory Partnership, visit upstack.com/for-advisors or contact [email protected]
About DVP Technologies
DVP Technologies is an independent provider of cloud services, network communications and digital transformation solutions, serving customers worldwide across all industries. Since 2000, DVP has provided strategic advice to global businesses and organizations by performing benchmarking and requirements analysis, negotiating service provider contracts, and optimizing infrastructure and services with significant cost savings and resilience. DVP’s vision is to provide each customer with best practices and professional expertise in the design, deployment and management of cloud and network technologies. For more information, visit dvptech.com.
Launched in 2017 in New York, NY, UPSTACK is transforming the way Internet infrastructure is bought and sold. With a powerful combination of industry-leading advisors, cutting-edge technology, and dedicated customer support resources, UPSTACK uses actionable business intelligence to design and find custom technology solutions for businesses of all sizes. With UPSTACK, business buyers streamline IT procurement by tapping into a single source of critical technology services from hundreds of proven vendors, plus professional guidance to identify and evaluate the best solutions. UPSTACK’s service portfolio includes colocation and data center, network connectivity, SD-WAN, unified communications, cloud contact center, private and public cloud, security, mobility, business continuity activities and the IoT. For more information, visit us at upstack.com.
Khali HendersonBuzzTheory (for UPSTACK), 480.999.5297, [email protected]
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