M&A Deal Summary

Trace3 Acquires Optio Data

On April 16, 2019, Trace3 acquired information technology company Optio Data

Acquisition Highlights
  • This is Trace3’s 2nd transaction in the Information Technology sector.
  • This is Trace3’s 2nd transaction in the United States.
  • This is Trace3’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2019-04-16
Target Optio Data
Sector Information Technology
Buyer(s) Trace3
Deal Type Add-on Acquisition

Target

Optio Data

Ada, Michigan, United States
Optio Data is an IT service management company. Optio Data was founded in 2013 and is based in Ada, Michigan.

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Buyer(S) 1

Buyer

Trace3

Irvine, California, United States
Category Company
Founded 2002
Sector Information Technology
DESCRIPTION

Trace3 is a digital transformation and IT solutions to provider for medium and large sized enterprise clients. The Company has established a regional market-leading position in the technology solutions provider space with significant expertise in areas such as Cloud, Security, Data Intelligence, DevOps, and Data Center solutions. Trace3 was founded in 2002 and is based in Irvine, California.

DEAL STATS #
Overall 2 of 6
Sector (Information Technology) 2 of 5
Type (Add-on Acquisition) 2 of 5
State (Michigan) 2 of 2
Country (United States) 2 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Data Strategy

Grand Rapids, Michigan, United States

Data Strategy LLC is a technology solutions provider that specializes in integrating data center solutions in the mid-market and enterprise business segments. Data Strategy helps organizations leverage technology to meet business goals with an unbiased approach to technology and workload placement. Along the way, Data Strategy addresses the foundational aspects of IT, including Cloud, Data, Mobility and Security to ensure a customer’s business is more secure, more flexible and more productive. Data Strategy is known for its top-notch engineering talent and maintains partnerships with leading information technology manufacturers across the globe. The company is headquartered in Grand Rapids, Mich. and maintains offices in Atlanta, Cincinnati, Columbus, Detroit, Indianapolis, Louisville, and Lexington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Groupware Technology

Campbell, California, United States

Groupware Technology is an IT solutions provider that specializes in data center infrastructure and cloud computing solutions, rack integration services, and first call support. The company understands that IT is an integral component of client success and delivers positive outcomes for clients through excellent customer service, technology, and teamwork. It solves business problems with technology solutions that reduce costs and complexity, increase flexibility, and improve performance and competitiveness. Groupware Technology was formed in 1992 and is based in Campbell, California.

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