In what the company is calling a strategic expansion move, TEAM Solutions Group has acquired Latitude 34 Technologies, a managed service provider based in Santa Barbara, California. Financial information regarding the deal was not disclosed.
This is technology M&A deal number 45 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.
TEAM Solutions Group, founded in 2006, is based in Van Nuys, California. The company has 14 employees listed on LinkedIn. TEAM Solutions Group’s areas of expertise include document management, business process improvement, office technology solutions, electronic whiteboards, digital signage solutions, light production / marketing insourcing, personal & production scanning solutions, VoIP phone solutions, atmospheric water generation systems, and contract management.
Latitude 34 Technologies, founded in 2006, is based in Santa Barbara, California. The company has eight employees listed on LinkedIn. Latitude 34 Technologies’ areas of expertise include tech support, customer service, security systems, and networking.
By integrating Latitude 34 Technologies, TEAM Solutions says it will be able to provide a more extensive range of advanced technological solutions and support.
TEAM Acquires Latitude 34: Leadership Insights
Gregory Chun, CEO, TEAM Solutions, commented:
"We are excited about the possibilities that this acquisition brings to Team Solutions Group and our valued stakeholders. By combining both companies’ strengths and expertise, we are well positioned to pool resources and talent, and we are committed to accelerating innovation. Our clients can anticipate faster product advancements and tailored solutions designed to fuel their success in a rapidly evolving digital landscape."
Patrica Roulston, co-founder and CFO/COO, TEAM Solutions, said:
"We are thrilled about the opportunities that this acquisition unlocks for new and existing clients. The merger allows us to offer our clients an extended range of innovative technological solutions, from software-based AI innovations to robust hardware integration. I’m eager to introduce them to our proven TekTrak analysis, which has been successful in helping our other clients implement various managed service solutions, reduce expenses, and increase efficiency and security. TekTrak is an exacting evaluation of a company’s use of technology and resources that leads to an array of uniquely tailored recommendations for efficiency, cost recovery, and financial control."
