Cyberlink Expands Its Service Portfolio with CTS Acquisition
Cyberlink Expands Its Service Portfolio with CTS Acquisition
CyberlinkASP, a trusted Advanced Solutions Provider of cloud and managed IT services for small and mid-size businesses, has announced its strategic acquisition of Cosentus Technology Services (CTS), a provider of IT solutions in the United States.
Enhancing Business Solutions
Through this acquisition, Cyberlink aims to expand its offerings significantly. Cyberlink’s mission is centered around transforming businesses by delivering advanced, secure, and cost-effective solutions for cloud and IT services. These solutions ensure data security, maintain business continuity, and guarantee seamless access to applications across various devices.
Broadening Service Capabilities
The addition of CTS allows Cyberlink to serve customers in an on-premise network environment more effectively. CTS offers a diverse range of IT services, including remote monitoring and management, network security, email management, and device lifecycle management. They cater to various industries, including healthcare, manufacturing, and non-profit sectors.
Key Stakeholder Insights
Chris Lantrip, the CEO and Co-Founder of Cyberlink, expressed optimism about the partnership, stating, "We are excited to partner with CTS, as this acquisition expands the solution set we can offer our customers, enabling us to support both on-premise customers and those transitioning to hosted and hybrid infrastructures in the future.”
Future Growth Strategy
Mason Cooper, the Chief Technology Officer at Cyberlink, highlighted the enthusiasm within the team, saying, "We look forward to enhancing our operations with the addition of the CTS team and welcoming CTS customers to the Cyberlink platform." This strategic move reflects Cyberlink's commitment to growth through acquisition, where they plan to integrate CTS's capabilities into their existing framework.
The Role of Seaport Capital
Drew Meyers, a Partner at Seaport Capital, voiced support for Cyberlink's acquisition of CTS, calling it a strategic fit that enhances their service offerings. He stated, “The ability to support on-premise customers, combined with opportunities to cross-sell across a broader customer base, positions Cyberlink for growth.”
About CyberlinkASP
CyberlinkASP is headquartered in Dallas, TX, and specializes in IT, cybersecurity, and cloud services. As one of the nation’s foremost Virtual Desktop providers and recognized as Citrix’s Partner of the Year for 2023, CyberlinkASP is dedicated to delivering innovative solutions tailored for high performance, ensuring businesses can securely access applications from any location.
Continued Commitment to Innovation
The company focuses on creating an infrastructure that not only supports current business needs but also anticipates future requirements, thus enabling organizations to achieve operational excellence and continuous growth. Cyberlink’s approach emphasizes delivering personalized solutions, reinforcing their reputation as a leader in the industry.
About Seaport Capital
Founded in 1997, Seaport Capital is a lower middle-market buyout firm focusing on investments in communication infrastructure, business and information services. Seaport seeks to empower its partners significantly, investing between $10 to $40 million in companies with substantial growth potential.
Frequently Asked Questions
What is the significance of Cyberlink's acquisition of CTS?
The acquisition enhances Cyberlink’s service portfolio, allowing it to offer comprehensive on-premise and cloud solutions, thus meeting diverse customer needs.
Who are the key executives at Cyberlink?
Chris Lantrip serves as the CEO and Co-Founder, with Mason Cooper as the Chief Technology Officer. They are both committed to expanding customer solutions through innovative service offerings.
What services does Cosentus Technology Services provide?
CTS offers services like remote monitoring, network management, endpoint security, and device lifecycle management, catering to many industries.
How does this acquisition align with Cyberlink's mission?
The acquisition aligns with Cyberlink's mission by enhancing security and continuity in their IT solutions, thereby improving the overall efficiency and accessibility for their clients.
What markets does Cyberlink serve?
Cyberlink serves a varied clientele across multiple sectors, including business services, healthcare, and manufacturing, emphasizing the adaptability of its solutions.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.
