Recognize Expands Portfolio with Blue Mantis Majority Investment

Recognize's Strategic Move into Managed Services

Entering a new chapter, Recognize, a forward-thinking private equity firm, has made a notable majority investment in Blue Mantis, a prominent player in the IT services landscape. This endeavor reflects Recognize's commitment to the technology services sector, emphasizing a thematic and operationally-oriented strategy aimed at fostering innovation and growth.

Understanding Blue Mantis

Blue Mantis has carved out a significant niche in the managed services realm, focusing on cybersecurity and cloud solutions. With a strong commitment to servicing mid-market and enterprise clients, the firm operates across various industries such as healthcare, financial services, and manufacturing. Notably, Blue Mantis maintains a Global Delivery Center, enhancing its capabilities through a presence in strategic locations, including Toronto and Bangalore.

Leadership Insights on the Investment

Expressing enthusiasm about the investment, Josh Dinneen, Chief Executive Officer of Blue Mantis, highlighted the alignment between his team and Recognize regarding strategic goals. He pointed out that Blue Mantis holds a well-established reputation as a trusted advisor, and with Recognize's partnership, the company is poised to enhance its offerings in managed services and cybersecurity to meet the growing demands of its clients.

Mike Grady, a Partner at Recognize, added valuable insights regarding the operational synergy. He described Blue Mantis as a next-generation IT services provider, capable of navigating a rapidly changing technological landscape. Grady envisions leveraging Blue Mantis's strengths to further develop impactful go-to-market strategies and explore acquisitions that will contribute to sustained growth.

Future Directions and Goals

Will Weimar, Principal at Recognize, expressed optimism about collaborating with the experienced management team at Blue Mantis to enhance the company's transformation journey. The focus will be on expanding operational capabilities while continuing to amplify their trusted advisor status in the market.

Abry Partners, who have been with Blue Mantis since 2020, will remain in a minority investor role, reflecting a strong collaborative relationship. Rob Nicewicz from Abry Partners emphasized their excitement about this ongoing partnership and the shared vision for Blue Mantis's growth trajectory.

About Blue Mantis and Recognize

With over 30 years in the field, Blue Mantis stands out as a security-first IT solutions provider, dedicated to helping clients modernize their businesses by harnessing the latest technologies. Through their innovative strategies and diverse offerings, Blue Mantis supports over 1,250 organizations across various industries, laying a strong foundation for continued evolution in the IT sector.

Recognize, as an investment platform, specifically concentrates on digital services, delivering operational acumen and strategic capital to companies aiming for innovation. This acquisition marks a significant enhancement in Recognize's portfolio, aligning with its mission to drive growth in the digital services arena.

Frequently Asked Questions

What is the significance of Recognize's investment in Blue Mantis?

This investment enables Recognize to deepen its focus and presence within the managed services sector, capitalizing on Blue Mantis's expertise.

What services does Blue Mantis provide?

Blue Mantis specializes in managed services, cybersecurity, and cloud solutions, catering primarily to mid-market and enterprise clients.

How long has Blue Mantis been in operation?

Blue Mantis has more than 30 years of experience in providing IT solutions and services.

Who is the current CEO of Blue Mantis?

Josh Dinneen currently holds the position of Chief Executive Officer of Blue Mantis.

What industries does Blue Mantis serve?

Blue Mantis serves a variety of industries including healthcare, financial services, manufacturing, and more, focusing on mid-market and enterprise clients.

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