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  6. CloudScale365 Acquires Zthernet

M&A Deal Summary

CloudScale365 Acquires Zthernet

On July 9, 2024, CloudScale365 acquired information technology company Zthernet

Acquisition Highlights
  • This is CloudScale365’s 5th transaction in the Information Technology sector.
  • This is CloudScale365’s 8th transaction in the United States.
  • This is CloudScale365’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-07-09
Target Zthernet
Sector Information Technology
Buyer(s) CloudScale365
Deal Type Add-on Acquisition

Target

Zthernet

Irving, Texas, United States
Zthernet is an IT-managed service provider, servicing the DASH (Dallas, Austin, San Antonio, and Houston) markets. Specializing in flat-fee IT solutions, Zthernet offers comprehensive services, including network management, cybersecurity, cloud services, and IT support. With a commitment to reliability and cost-effectiveness, Zthernet empowers businesses to optimize their operations and enhance productivity. Zthernet was formed in 2010 and is headquartered in Irving, Texas.

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Buyer(S) 1

Buyer

CloudScale365

Nashvile, Tennessee, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

CloudScale365 provider of managed IT, cloud, hosting, and security solutions for small and medium-sized businesses. CloudScale365 is based in Nashville, Tennessee.

DEAL STATS #
Overall 8 of 8
Sector: Information Technology M&A 5 of 5
Type: Add-on Acquisition M&A Deals 8 of 8
State: Texas M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 Your Tech Team

Warren, New Jersey, United States

Your Tech Team is a provider of comprehensive IT solutions and services. The company specializes in delivering tailor-made IT support and managed services to diverse clients. Your Tech Team was founded in 2008 and is based in Warren, New Jersey.

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