M&A Deal Summary

Agio Acquires Intersection Technology Solutions - Enterprise Services Unit

On April 23, 2019, Agio acquired information technology company Intersection Technology Solutions - Enterprise Services Unit from Intersection Technology Solutions

Acquisition Highlights
  • This is Agio’s 1st transaction in the Information Technology sector.
  • This is Agio’s 1st transaction in the United States.
  • This is Agio’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-04-23
Target Intersection Technology Solutions - Enterprise Services Unit
Sector Information Technology
Buyer(s) Agio
Sellers(s) Intersection Technology Solutions
Deal Type Divestiture

Target

Intersection Technology Solutions - Enterprise Services Unit

Winter Springs, Florida, United States
Intersection Technology Solutions LLC - Enterprise Services Unit specializes in IT strategy, implementation, and 24x7 top tier support. Enterprise Services business serves financial services firms, global art organizations, creative, architecture, engineering and construction companies.

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Buyer(S) 1

Buyer

Agio

New York, New York, United States

Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Agio is a hybrid cybersecurity and managed IT organization equipping financial services, health care, and payments enterprises with best-in-breed cyber protection and technology support. Agiois was formed in 2010 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Intersection Technology Solutions

Winter Springs, Florida, United States

Category Company
Founded 2015
Sector Information Technology
DESCRIPTION

Intersection Technology Solutions LLC delivers IT Managed Services to small and mid-size businesses and helps discover the root cause of Tech Rage in the workplace. Since 2015, Intersection Technology Solutions has been helping companies offload their IT Operations and focus on their business goals instead of technology. By implementing standards and procedures, 24/7/365 monitoring and vCIO services, Intersection Technology Solutions prevents business critical disruptions against downtime, growing pains and ransomware.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1