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Apogee Acquires Cumulus Technology Services Inc. To Enhance Managed Technology Services Leadership Position In Higher Education

Dec 12, 2022•almost 3 years ago

Acquiring Company

Apogee Engineering

Acquired Company

Cumulus Technology Services

Colorado SpringsEducation

Description

Apogee, a leader in managed technology services for higher education, today announced the completion of its acquisition of Cumulus Technology Services Inc. Based in Ventura, Calif., Cumulus Technology Services is an expert in secure cloud services for higher education and is an Amazon Web Services (AWS) Select Consulting Partner. This acquisition builds upon Apogee’s commitment to be the managed technology partner of choice for colleges and universities that aspire to innovate and transform. The acquisition extends the strength of Apogee managed networking and IT services into the cloud, creating new opportunities for higher ed IT innovation to improve student experiences and enable institutional competitiveness.

Company Information

Company

Apogee Engineering

Location

Colorado Springs, Colorado, United States

About

Apogee is a nimble and mission-driven organization committed to delivering proven U.S. defense and national security solutions. Apogee offers multi-domain expertise in digital transformation, science & technology, adaptive acquisition, and mission operations. Apogee is a government services platform company within Bernhard Capital Partners.

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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