Add-on Acquisition • Information Technology

ITS Acquires Spade Technology

On November 7, 2023, ITS acquired information technology company Spade Technology

Acquisition Context
  • This is ITS’s 2nd transaction in the Information Technology sector.
  • This is ITS’s 3rd transaction in the United States.
  • This is ITS’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date November 7, 2023
Target Spade Technology
Sector Information Technology
Buyer(s) ITS
Deal Type Add-on Acquisition

Target Company

Spade Technology

Mansfield, Massachusetts, United States
Spade Technology is a managed IT services company that offers outsourced IT support and services. Spade Technology was founded in 2001 and is based in Mansfield, Massachusetts.
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Buyer Overview 1

Buyer

ITS

Fort Washington, Pennsylvania, United States

Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

ITS is a managed services provider with a focus on proactive and strategic support for small and mid-market businesses. ITS partners with clients to align technology with business goals, secure data, and networks, and improve processes through tailored, innovative solutions. In addition to providing comprehensive managed IT services, it offers cybersecurity, cloud, custom application development, and business intelligence services. ITS was founded in 1994 and is based in Fort Washington, Pennsylvania.


Deal Context for Buyer #
Overall 3 of 10
Sector: Information Technology 2 of 9
Type: Add-on Acquisition 3 of 9
State: Massachusetts 1 of 1
Country: United States 3 of 8
Year: 2023 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Acropolis Technology Group

Clayton, Missouri, United States

Acropolis Technology Group is an IT service provider specializing in cybersecurity, managed IT services, and cloud hosting. Acropolis Technology Group is based in Clayton, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 The Network Pro

Anaheim, California, United States

The Network Pro is a managed IT and Security provider with a passion for serving clients in the legal and manufacturing industries. TNP was formed in 2003 and is based in Anaheim, California.

Buy -