Divestiture • Information Technology

AlphaRidge Acquires Lynx Managed IT Services Business

On July 31, 2018, AlphaRidge acquired information technology company Lynx Managed IT Services Business from LynxTP

Acquisition Context
  • This is AlphaRidge’s 1st transaction in the Information Technology sector.
  • This is AlphaRidge’s 1st transaction in the United States.
  • This is AlphaRidge’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date July 31, 2018
Target Lynx Managed IT Services Business
Sector Information Technology
Buyer(s) AlphaRidge
Sellers(s) LynxTP
Deal Type Divestiture

Target Company

Lynx Managed IT Services Business

Pittsburgh, Pennsylvania, United States
Lynx Managed IT Services Business is a provider of cybersecurity and risk management services.
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Buyer Overview 1

Buyer

AlphaRidge

New York, New York, United States

Category Company
Sector Information Technology
DESCRIPTION

AlphaRidge, Inc. is a provider of an IT management services to best practices in infrastructure design, backup, disaster recovery and network services. AlphaRidge is based in New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
State: Pennsylvania 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1

Seller Profile 1

SELLER

LynxTP

Cincinnati, Ohio, United States

Category Company
Founded 2009
Sector Information Technology
DESCRIPTION

LynxTP provides cybersecurity, governance, risk, and compliance (GRC) consulting services to enterprises across sectors such as finance, healthcare, energy, and government. The Company’s services include compliance management, third-party risk assessments, managed GRC programs, and cybersecurity workforce development. LynxTP was founded in 2009 and is headquartered in Cincinnati, Ohio.


Deal Context for Seller #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
State: Pennsylvania 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 ITSourceTEK

San Rafael, California, United States

ITSourceTEK, Inc. is a provider in cybersecurity services and solutions in cloud security, data protection, managed Endpoint Detection & Response (EDR), and threat intelligence. ITSourceTEK was founded in 2006 and is based in San Rafael, California.

Buy -