M&A Snapshot: Technology Services – Managed Services Providers (MSPs)

Solganick & Co. has published its latest M&A snapshot on the technology services industry sector, with a focus on managed services providers.

We are seeing private equity firms continue to invest in and consolidate the MSP sector. Demand for high quality assests are key with favorable financial metrics. According to Bain & Company, private equity firms are sitting on $3.7 trillion of “dry powder.”

Technology Services M&A Report February 2023

Solganick & Co. technology services M&A report for February 2023

Solganick & Co. has issued its latest technology services M&A update report. It covers application partners, data analytics consulting, cloud partners, IT consulting and cybersecurity services firms.

Flagship Solutions Completes Merger with Data Storage Corporation

Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity, disaster recovery protection and cloud solutions, today announced it has completed the previously announced merger of Data Storage FL, LLC, a wholly-owned subsidiary of the Company, with and into Flagship Solutions, LLC (“Flagship”), with Flagship surviving as a wholly-owned subsidiary of the Company. Flagship’s Chief Executive Officer Mark Wyllie will continue as CEO of the new Flagship subsidiary following the Merger, and has joined DSC’s Board of Directors.