Synagex, a provider of managed IT and cybersecurity services, today announced the acquisition of Ascentek, a western Massachusetts information technology firm. Financial information was not disclosed.
This is technology M&A deal number 14 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.
Synagex, founded in 2017, is based in Pittsfield, Massachusetts. The company has 16 employees listed on LinkedIn. Syangex’s expertise includes IT-as-a-service.
Ascentek, founded in 2000, is based in Lee, Massachusetts. Ascentek’s areas of expertise include desktop and server support, network design and maintenance, email systems, network security, and help desk services.
Bolstered IT Offerings
The merger aims to strengthen their combined offerings in IT consulting, cybersecurity, and outsourcing services, according to the company
Synagex specializes in cybersecurity assessments based on the Cybersecurity Maturity Model, a framework for US defense contractors. Ascentek, on the other hand, offers expertise in desktop and server support, network design and maintenance, and other critical IT services.
As Managed Services Providers (MSPs), both companies work with small and medium-sized businesses. As Synagex points out, these businesses often lack internal IT resources and are increasingly vulnerable to cyber threats, a domain where Synagex's cybersecurity expertise, particularly with defense contractors, is notable.
Acentek founder and president Ted Frederick will join Synagex as the Chief Technical Officer of the merged entity, the company said.
Synagex Acquires Ascentek: Executive Insights
John Sinopoli, founder, president, and CEO, Synagex, commented:
"Whether serving defense, finance, manufacturing or other industries, companies everywhere are facing the dual challenges of rapidly changing Information Technology and security threats. Growth in this industry led us to seek a business partner that could hit the ground running. Ascentek was the obvious choice. Founded in 2000, the company’s expertise is both deep and broad-based."
Ted Frederick, founder and president, Ascentek, said:
"John started Synagex seven years ago, with the goal of creating a service business focused on quality, result-focused IT. It works. Joining a vibrant, locally-owned firm with a commitment to staying and growing in the Berkshires represents an exciting new chapter for Ascentek, and I look forward to being part of it."
