The acquisition of SSD Technology Partners and Total Technology Solutions cements the leading digital IT services firm’s position as one of the largest SMB-focused MSP in the nation in less than 18 months since the business was founded.
New York, NY, July 21, 2022 – Sourcepassannounced the addition of two IT companies – SSD Technology Partners and Total Technology Solutions – to its expanding portfolio of digitized technology solutions serving small and mid-sized businesses (SMBs).
“In keeping with our goal of being the leading Managed Service Provider (MSP) for SMBs, we are always looking for partner companies that enhance and expand the services we provide, and that share our primary mission of providing an IT experience that clients love,” said Chuck Canton, CEO and Founder of Sourcepass.
The acquisitions strengthen Sourcepass' capabilities in industries it already serves while expanding the company's reach into new sectors and georgraphic markets.
“These acquisitions bring us to approximately $50 million in revenue and more than 300 employees", Canton added. "That makes us one of the nation’s largest SMB-focused MSPs less than 18 months after the business was founded. This scale gives us the resources and cash flow to continue improving IT services for small to mid-sized businesses across the United States.”
Integration efforts are already underway and are expected to be completed by September 1. The company's leadership team will remain in place.
The acquisition expands Sourcepass' capabilities in the legal, healthcare, and financial services industries while building on the strong services SSD Technology Partners already delivers.
“We always go above and beyond for our clients, and now we are excited to offer them the industry-leading digital services platform and 24/7 support services that Sourcepass provides,” said Woodie Bowe, Vice President of SSD Technology Partners.
Based in Wilmington, Delaware, SSD Technology Partners brings a highly skilled technical team and a 98% customer satisfaction rating.
The company supports more than 200 clients and 7,000 endpoints. Its addition gives Sourcepass a physical presence across Delaware, Maryland, South Jersey, and Pennsylvania.
This transaction was an all-cash deal.
Total Technology Solutions will continue operating as a subsidiary of Sourcepass. CEO Vincent Tedesco will remain in his leadership role, and the company's key leadership team will stay in place.
An advocate of Sourcepass’ mission and client-first approach, Tedesco’s brings more than 38 years of IT services experience and extensive operational expertise to the organization.
“Serving our clients has always been the core of our business,” said Tedesco. “By partnering with Sourcepass, we will now offer an enhanced customer experience, rooted in our outcome-driven IT services. We are proud to be a part of Sourcepass and look forward to advancing our joint mission.”
The acquisition strengthens Sourcepass' ability to support key industries, including:
Total Technology Solutions is headquartered in New York and supports more than 200 clients and 5,000 endpoints across the United States.
The company also brings an advanced cybersecurity practice and an average client relationship exceeding 17 years.
This transaction included a combination of cash and equity.
Sourcepass helps small and mid-sized businesses access modern IT solutions through strategic acquisitions in the managed services market.
The company focuses on reducing technology challenges so clients can concentrate on running and growing their businesses.
Its culture promotes modernization, diversification, and productivity while delivering scalable IT services that support long-term growth.
Sourcepass' mission is to help organizations navigates a changing technology landscape by connecting them with modern, valuable IT solutions and a seamless IT experience.
For more information about Sourcepass, visit www.sourcepass.com.
SSD Technology Partners works closely with clients to understand their unique business needs and serve as an extension of their internal teams.
The company provides a broad range of services, including managed IT, co-managed IT, cybersecurity services, and cloud computing solutions.
For more information, visit https://www.ssdel.com.
Total Technology Solutions is a full-service IT support and managed services provider serving Long Island, the tri-state area, and customers nationwide.
The company is known for its technical expertise and commitment to client success. Its mission is to secure and support IT infrastructure through reliable solutions and responsive service, allowing clients to focus on their core business objectives.
For more information, visit https://total.us.com.
Sandra Schwartzman
Vice President of Public Relations
RMR & Associates
(301) 230-0045 x 100
sschwartzman@rmr.com