M&A Deal Summary

iCoreConnect Acquires Spectrum Technology Solutions

On September 15, 2021, iCoreConnect acquired information technology company Spectrum Technology Solutions

Acquisition Highlights
  • This is iCoreConnect’s 2nd transaction in the Information Technology sector.
  • This is iCoreConnect’s 2nd transaction in the United States.
  • This is iCoreConnect’s 1st transaction in Arizona.

M&A Deal Summary

Date 2021-09-15
Target Spectrum Technology Solutions
Sector Information Technology
Buyer(s) iCoreConnect
Deal Type Add-on Acquisition

Target

Spectrum Technology Solutions

Scottsdale, Arizona, United States
website
Spectrum Technology Solutions is a provider of Managed Services, Data Backup, Data Discovery, Strategic IT Leadership & vCIO, Cloud Services, Cybersecurity, and Encryption. Spectrum Technology Solutions was founded in 2009 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

iCoreConnect

Winter Garden, Florida, United States

website


Category Company
Founded 2001
Sector Internet Software and Services
Employees25
Revenue 2M USD (2020)
DESCRIPTION

iCoreConnect is a cloud-based software and technology company providing healthcare practice management software systems as well as secure communication and IT services for both the Healthcare and Corporate Sectors. Approximately 2,000 physicians and dentists helped design and develop iCoreExchange HIPAA-compliant email, as well as iCoreMD and iCoreDental cloud-based practice management Electronic Health Records (EHR) software. All iCoreConnect healthcare industry software meets the federal government’s strict laws for HIPAA-compliant communication. iCoreConnect EHR software achieved certification by the federal government’s Office of the National Coordinator for Health Information Technology (ONC). iCoreConnect was incorporated in 2001 and is based in Winter Garden, Florida.


DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (Arizona) 1 of 1
Country (United States) 2 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 TrinIT Solutions

Concord, North Carolina, United States

TrinIT Solutions is a provider of managing and monitoring technology solutions for corporate and healthcare companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 Teamworx

Omaha, Nebraska, United States

Teamworx provides patient education and lead generation software for dental practices with over 100 high-definition, 3D virtual-treatment planning and case acceptance videos that span oral surgery, implants, pediatrics, and more. Teamworx is based in Omaha, Nebraska.

Buy -