Presidio Closes Netech Corporation Transaction to Extend Cloud Security
Published on: Mar 4, 2016
Transcripts - Presidio Closes Netech Corporation Transaction to Extend Cloud Security
Presidio Closes Netech Corporation Transaction to Extend Cloud, Security and Collaboration Capabilities in the US Midwest
New York, NY – February 2, 2016 – Presidio, a leading US-based IT solutions provider, announced today that it has
closed the acquisition of the business of Netech Corporation, a privately held, family-owned, IT services and solutions
integrator with revenues in excess of $325 million.
The agreement for Presidio to acquire the assets of Netech Corporation was originally announced on January 6, 2015.
The combined company will deliver core offerings to customers such as design, integration and optimization of data
center and cloud, network and physical security, collaboration, and enterprise networking solutions to customers in
the Midwestern US. Those customers represent a broad variety of segments and industries including healthcare,
government, and education.
Post-close, Presidio becomes a $2.8 billion company with 2,700 employees in over 60 offices serving more than 6,500
clients. Netech will operate as“Netech, a Presidio Company,”transitioning to the Presidio brand in the next 60 days.
“We’re excited about the combination as we believe the organizations share a core business model, mutual competen-
cies, and a common culture and values,”stated Bob Cagnazzi, Chief Executive Officer of Presidio.“Being sales-led with a
focus on top-level engineering, having a track record of high levels of customer satisfaction, and having the ability to
deliver truly useful IT services and solutions to our clients have been hallmarks of both our companies throughout the
years. Netech clients will immediately benefit from Presidio’s national scale and advanced solutions in cloud, cyber
security, IoT and managed services. Presidio clients will also see the benefit of a greater depth of resources at their
disposal in local upper Midwest markets.”
The Netech acquisition will create Presidio’s sixth geographic Area, becoming the Presidio North Central Area. Mark
Wierenga will be North Central Area President reporting to Presidio’s Chief Executive Officer, Bob Cagnazzi. As Netech’s
EVP of Sales and Operations, Wierenga has a long tenure with the company and is intimately familiar with its opera-
tions and business.
Presidio is a leading US-based IT solutions provider offering consulting, professional services, managed services and
ITaaS. By taking the time to deeply understand how our clients define success, we architect technology solutions that
address their evolving business needs. Our approach blends the credibility to deliver practical results today, with the
creativity to drive the business visions of tomorrow. More than 2,700 Presidio professionals, 1,500 of which are
engineers with over 5,800 industry leading certifications, are based in 60+ offices across the US. We serve over 6,500
clients through a unique, local delivery model while capitalizing on our scale as a $2.8 billion dollar national industry
leader. We are passionate about driving results for our clients and delivering the highest quality of service in the
industry. Presidio is owned by funds affiliated with Apollo Global Management, LLC (NYSE:APO). For more information
Chief Marketing Officer
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