Brightworks IT, backed by private equity firm Cloud Equity Group, has acquired RAD Computing for an undisclosed amount.
This is technology M&A deal number 217 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
Brightworks IT, founded in 2021, is based in New York, New York. The company has over 80 employees. Brightworks IT’s areas of expertise include technology, managed services, hardware, security, and software.
RAD Computing, founded in 2000, is based in Vernon, Connecticut. The company has four employees listed on LinkedIn. RAD’s areas of expertise include IT Consulting, Networking, Disaster Recovery, Cloud Computing, and IT Security, with a special focus on aerospace manufacturing clients.
RAD Computing has experienced steady growth over the past several years, according to Brightworks, which says it was attracted to RAD’s track record of helping small and mid-sized firms maximize productivity and profitability through better technology.
Brightworks IT Acquires RAD Computing: Additional Commentary
Rod Wilson, CEO, RAD Computing, commented:
"This acquisition is about growth, combining successful resources, and pursuing the vision of success for RAD Computing, Brightworks IT and the entire client base we serve. The market opportunity is strong, and I could not be more excited for the entire team's future success."
Sean Frank, managing partner, Cloud Equity Group, said:
"The addition of RAD Computing augments Brightworks IT's established position as a national managed service provider and accelerates the Company's growth within the attractive aerospace manufacturing market. With an expanded service offering, Brightworks IT is particularly well positioned to benefit from increased cyber security regulation across military suppliers."
About Brightworks IT
Brightworks IT is a network of MSPs that share resources, best practices and expertise. The ecosystem includes:
- Integrated Enterprise Solutions of Poughkeepsie, New York.
- Data Network Services of Richmond, Virginia.
- Information Systems Division of Oneonta, New York.
- Datacomm Specialists of Cincinnati, New York.
This is Brightworks IT’s sixth acquisition as part of its parent company’s strategy to consolidate several managed IT services companies, according to the company.
Brightworks previously acquired Key Technology Solutions in December 2022 and IS Concepts in October 2022.
