ReachOut Technology has acquired Singer Networks LLC, a managed service provider (MSP) specializing in healthcare sector solutions. Financial details of the deal were not disclosed. This acquisition is part of ReachOut's strategy to expand its presence in the cybersecurity and IT service market while promoting female leadership within the industry, the company said.
This is technology M&A deal number 97 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
ReachOut Technology, founded in 2010, is based in Mokena, Illinois. The company has 21 employees listed on LinkedIn. ReachOut’s areas of expertise include IT management, cloud services, IT support, data backup services, business strategy, IT consulting, phone systems/VoIP, and cybersecurity.
Singer Networks, founded in 2002, is based in Skokie, Illinois. The company has five employees listed on LinkedIn. Singer Networks’ areas of expertise include IT project management, especially in the healthcare sector.
The acquisition is part of ReachOut's overall strategy to establish a national presence in the IT sector, especially the healthcare and nursing sectors.
With founder Lisa Singer at the helm, Singer Networks is recognized as the first female-founded MSP in the United States, ReachOut pointed out in its announcement of the deal.
ReachOut Acquires Singer Networks: Executive Statements
Lisa Singer, owner and CEO, Singer Networks, commented:
"I am thrilled to be part of ReachOut's journey and fully believe in its vision and mission. This acquisition marks a new chapter, not only for Singer Networks but also for female leadership in the tech industry. I am also excited about founding my nonprofit and am grateful for ReachOut's support in this new endeavor."
Rick Jordan, founder and CEO, ReachOut Technology, said:
"I am delighted to welcome Singer Networks and Lisa Singer to the ReachOut family. Lisa's remarkable leadership and the company's unique position as the first female-founded MSP in the USA align perfectly with our values and our mission of making a huge impact in our space. This acquisition is not just about expanding our reach; it's about empowering diversity and innovation in the tech industry."
ReachOut's Background
ReachOut Technology offers cybersecurity and IT services, serving small to medium-sized businesses. The company is no stranger to M&A, having completed two deals in 2023.
In September 2023, the company bought Ind Technology, and in November 2023, it acquired RedGear, LLC, a Texas and Arizona-based company specializing in professional technology services.
