UPSTACK acquires strategic communications consultant and solutions provider DVP Technologies
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 communications and consulting solutions provider based in Connecticut. 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 funding from MidCap Financial and Morgan Stanley Private Credit to scale its platform through technology expansion and strategic partner investments. .
DVP co-founders and managing partners, Thomas Luciano and Michael Rafferty, will join UPSTACK as partners and managing directors. DVP Director of Operations Eric Nygard will also join the company.
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“Over more than two decades, Thomas Luciano and Michael Rafferty have built a successful network and cloud infrastructure agency with renowned 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 portfolio 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 Christopher Trapp’s vision to grow the business beyond acquisition,” Luciano said. “It was clear there was deep organization and planning ahead. Combined with the quality of the advisors they are onboarding, UPSTACK felt like the perfect fit for us.
“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 range 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.”
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