Netgain Technology has acquired iManaged Solutions, a provider of managed cloud services in the health care sector, the companies have confirmed. Financial terms were not disclosed.
Netgain, founded in 2000, is a healthcare and financial services cloud MSP backed by Bluff Point Associates. The private equity firm that invested $25 million in the MSP in 2017.
iManaged Solutions, founded in 2009, is located in Huntington Beach, Calif. The company offers managed hosting and cloud services to optometry practices and independent EHR (electronic health record) vendors. iManaged Founder Craig Rodrigue joins Negain as GM of iManaged Solutions. His team also has been retained, though we're checking headcount figures, which were not disclosed in the announcement.
In a prepared statement, Netgain CEO Kevin Lynch said:
"It's been an incredible year of growth so far at Netgain. We're excited to integrate iManaged Solutions' specialized cloud offering with ours to advance our mission of being the leading provider of specialized cloud solutions to the specialized industries we serve."
Added Rodrigue:
"We couldn't be more energized to join the Netgain team. It was very important to us to find a partner that shared our vision to be a highly-specialized cloud solutions provider. Netgain's superior technical and support functions in the healthcare space make it a perfect partner to protect and support our clients' cloud environments."
This is the second private equity-backed MSP acquisition we've spotted in the past couple of days. The other deal involves Third Century Investment Associates, which recapitalized and acquired a stake in Decisive Technologies Inc, an Ottawa-based provider of enterprise iIT infrastructure services, and the affiliated BriteSky Technologies Inc, a provider of managed cloud services.
