M&A Deal Summary

Ascend Technologies Acquires Switchfast Technologies

On May 4, 2021, Ascend Technologies acquired information technology company Switchfast Technologies

Acquisition Highlights
  • This is Ascend Technologies’ 1st transaction in the Information Technology sector.
  • This is Ascend Technologies’ 1st transaction in the United States.
  • This is Ascend Technologies’ 1st transaction in Illinois.

M&A Deal Summary
Date 2021-05-04
Target Switchfast Technologies
Sector Information Technology
Buyer(s) Ascend Technologies
Deal Type Add-on Acquisition

Target

Switchfast Technologies

Chicago, Illinois, United States
Switchfast Technologies is a Managed Services Provider (MSP) serving the Greater Chicagoland and Midwest area. Switchfast Technologies was founded in 2001 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Ascend Technologies

Chicago, Illinois, United States
Category Company
Founded 2020
Sector Information Technology
DESCRIPTION

Ascend Technologies is a run-of-the-mill managed services provider that helps business leaders make IT investments with confidence, eliminates cybersecurity threats, meets the needs of the business, and optimizes user productivity. Businesses endure, grow, and innovate on a foundation of efficiently run core IT systems. Ascend makes technology the catalyst for business expansion. Ascend Technologies was founded in 2020 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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