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It Service Provider, Integris, Purchases Texas-Based Caltech To Build National Community Banking Vertical

Jan 04, 2023•over 2 years ago

Acquiring Company

Integris

Acquired Company

CalTech

Atlanta

Description

This week, IT managed service provider (MSP), Integris, announced it has purchased CalTech, a community banking focused IT MSP with offices in Texas and Kansas. This marks Integris' third acquisition in less than six months, accelerating tremendous growth for the company and its national footprint. With CalTech, Integris now has more than 20 offices in 10 states with nearly 700 employees, all offering high-end, enterprise IT services and round-the-clock security monitoring.

Company Information

Company

Integris

Location

1200 Abernathy Road, N.E.

Atlanta, Georgia, United States

About

OneTrust is the trust intelligence cloud platform organizations use to transform trust from an abstract concept into a measurable competitive advantage. Organizations globally use OneTrust to enable the responsible use of data while protecting the privacy rights of individuals, implement and report on their cyber security program, make their social impact goals a reality, and create a speak up culture of trust. More than 14,000 customers use OneTrust’s technology, including half of the Global 2,000. OneTrust currently ranks #24 on the Forbes Cloud 100 list of top private cloud companies in the world and employs over 2,000 people in regions across North America, South America, Asia, Europe, and Australia.

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

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