Intelligent Technical Solutions Expands Cybersecurity Portfolio
Intelligent Technical Solutions Announces Strategic Acquisition
In a significant development for the cybersecurity landscape, Intelligent Technical Solutions ("ITS") has entered into a partnership with Black Breach, LLC. This collaboration aims to bolster ITS's offerings in managed cybersecurity and compliance services. Black Breach, founded in 2015, has established itself as a premier provider in the cybersecurity field, delivering tailored solutions to a diverse client base.
Strengthening Security Services
Black Breach's innovative tools and considerable expertise in cybersecurity make this partnership a key strategic move. The company serves various regulated industries, such as auto dealerships and entertainment, showcasing its capacity to navigate complex security needs. Through this alliance, ITS aims to enhance its cybersecurity capabilities, providing clients with top-tier protection against evolving threats.
Leadership and Vision
Justin Shanken, the founder and CEO of Black Breach, emphasizes the mission of delivering military-grade cybersecurity. He brings over two decades of experience in cybersecurity and counterintelligence, making him a valuable asset in this partnership. According to Justin, “We are excited to leverage ITS's resources and capabilities to accelerate our vision for the company.”
Enhanced Client Support
Tom Andrulis, CEO of ITS, expressed excitement about the new partnership and its prospective benefits. He stated, “This collaboration enhances our ability to deliver even more comprehensive support and cutting-edge cybersecurity solutions to our clients.” The national recognition of ITS as a Managed Security Service Provider (MSSP) positions the company well to serve clients with varying security needs.
Growth and Expansion Post Partnership
Since engaging with Tower Arch Capital in May 2022, ITS has significantly expanded its operations, acquiring nine managed service providers across the United States. This growth has allowed the company to collectively serve over 600 clients in sectors like architecture, healthcare, finance, and more, solidifying ITS's stance as a leader in the managed services domain.
Transaction Details
While the exact terms of the transaction between ITS and Black Breach remain undisclosed, it was financed through Deerpath Capital. The advisory team for ITS included reputable firms such as Holland & Hart LLP and BDO USA LLP, ensuring a smooth transaction process.
About Intelligent Technical Solutions
Founded in 2003 and based in Las Vegas, NV, Intelligent Technical Solutions specializes in managed cybersecurity and IT services. The company focuses on delivering a range of services, including cybersecurity, compliance, cloud solutions, and VoIP services to small and medium-sized businesses with 20-500 seats across the Midwest and Western United States. Their commitment to excellence is reflected in recognitions received from industry-awarding bodies. They have been featured in MSSP Alert's Top 250 MSSPs and CRN's Fast Growth categories.
About Tower Arch Capital
Tower Arch Capital is a private equity firm based in Salt Lake City, UT. The firm aims to work with high-quality, entrepreneur-owned businesses, offering operational and financial support to foster growth. Their investment strategy focuses on companies with EBITDA ranging from $5 million to $30 million, emphasizing long-term value creation for their partners.
Frequently Asked Questions
What is Intelligent Technical Solutions' primary focus?
Intelligent Technical Solutions focuses on providing managed cybersecurity and IT services to small and medium-sized businesses.
What does the acquisition of Black Breach entail?
The acquisition of Black Breach enhances ITS's ability to deliver advanced cybersecurity and compliance solutions to its clients.
Who is Justin Shanken?
Justin Shanken is the founder and CEO of Black Breach, recognized for his leadership in the cybersecurity industry.
How extensive is ITS's client base?
ITS currently serves over 600 clients across various industries, including healthcare, finance, and more.
What significant recognitions has ITS received?
ITS has been acknowledged in various industry awards, including MSSP Alert's Top 250 MSSPs and CRN's Fast Growth awards.
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