NTT Communications has finalized the buyout of Secure-24, a 600-person MSP that specializes in managed application and database services for Microsoft, Oracle and SAP customer environments, the companies confirmed today. Financial terms were not disclosed.
Secure-24's customer base includes Fortune 1,000 companies that require managed services for enterprise-class applications. The company's core clientele typically spans manufacturing, finance, pharmaceuticals, healthcare, insurance, government and transportation.
Secure-24 was in growth mode ahead of the M&A deal. The company’s revenue jumped 24 percent in the first half of 2017 vs. the corresponding period in 2016. Also, the company generated 15 consecutive years of double-digit growth and consistent profitability, Secure-24 indicated in August 2017.
Founded in 2001, Secure-24 is based in Southfield, Michigan will offices in Hyderabad, India. NTT announced plans to acquire the company in November 2017.
Hot MSP Acquisition Targets
MSPs that offer managed database and enterprise application service are hot commodities in the M&A sector. Just yesterday, private equity firm Madison Dearborn Partners (MDP) acquired Remote DBA Experts (RDX), an MSP that offers remote database and cloud managed services.
Additional noteworthy deals include:
- Datavail, a major Oracle channel partner and MSP focused on managed database services, acquired Art of BI, an Oracle analytics partner.
- Oracle Cloud solutions provider Evosys acquired Oracle Gold partner Newbury Taleo Group to boost the firm’s North American presence.
ChannelE2E is aware of at least one more M&A deal in this application-centric MSP space that's expected to close later this month. Stay tuned for updates.
