Netgain Technology has acquired Afinety Inc. as part of a push into cloud services and IT consulting for the legal vertical. Financial terms were not disclosed.
This is Netgain's second acquisition in recent months. The cloud services provider, which specializes in highly regulated industries, also bought iManaged Solutions in June. That deal expanded Netgain’s reach in the optometry sector.
Founded in 1986, Afinety provides cloud services and IT resources to law firms and other SMBs. The services include cloud and onsite network consultation, design, implementation, monitoring, system security, disaster recovery systems, training, macros and templates for law firms, anti-SPAM and virus screening, remote and onsite tech support and help desk services.Afinety will retain its offices in Encino, California and Pittsburgh, Pennsylvania.
Netgain also plans to explore additional acquisitions -- with an emphasis on IT-as-a-Service companies, especially those in the healthcare, RIA, CPA, and legal industry verticals. The company is backed by Bluff Point Associates -- which invested $25 million in Netgain in February 2017. Bluff Point typically invests in growth-stage IT companies serving the financial services and healthcare industries.
