logo
logo

20 South Partners Acquires Iglass Networks, Expanding Its Network Operations Capabilities

Apr 05, 2023•over 2 years ago

Acquiring Company

20 South Partners

Acquired Company

iGLASS Networks

Information TechnologyInformation Technology

Description

20 South Partners announced today the acquisition of iGLASS Networks ("iGLASS"), a best-in-class outsourced Network Operations Center ("NOC"). iGLASS will maintain all management and staff, joining ISPN Network Services ("ISPN") in the 20 South Partners portfolio. ISPN is a leading provider of 24x7 customer support and managed IT services for broadband providers across North America, and the addition of iGLASS will bring together two complementary businesses and further 20 South Partners' mission of helping people stay connected.

Company Information

Company

20 South Partners

About

"For over 25 years, iGLASS has been a trusted source of network monitoring services for our clients," said Tim Bolden, President & Co-Founder of iGLASS. "Our goal has always been to help customers maintain their networks and maximize uptime by providing unique monitoring solutions customized for each customer. We couldn't be more excited about joining forces with 20 South Partners and ISPN as we now bring a fully-fledged monitoring and troubleshooting solution to our customers. We have enjoyed getting to know Jeff, Scott [President & CFO of 20 South Partners and ISPN], and ISPN, and we are looking forward to improving our customers' connectivity together."About 20 South Partners20 South Partners is a family of leading managed service providers with the shared mission of helping people stay connected. It was founded in 2018 and is run by Co-Founders, Jeff Neblett and Scott Lauber. Headquartered in Lenexa, Kansas, 20 South Partners made its first acquisition of ISPN in 2020 and is focused on partnering with managed services businesses who share its "Customer First" core value.For more information or inquiries, please contact info@20southpartners.com.About iGLASS NetworksFounded in 1997, by Tim Bolden and brothers, Jack Woodring and George "Woody" Woodring, iGLASS is a leading provider of 24x7 network monitoring services. The company has built a strong reputation for delivering Network Operations as a Service, with specialties in Broadband (HFC, FTTP, FTTH), Healthcare, IT, and Financial Services spaces.For more information about iGLASS's services, visit www.iglass.net About ISPN Network ServicesISPN helps leaders of community-focused broadband service providers elevate the customer experience and achieve growth through customer-driven, reliable, and innovative 24x7 support and managed IT solutions. By utilizing ISPN's Hosted Server Solutions, Internet, IPTV & Video Technical Support, Email Services, and Network/IP Management, organizations can take advantage of economies of scale from ISPN's resources and expertise.For more information about ISPN's services, visit www.ispn.net.SOURCE 20 South Partners

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed