TechMD Acquired by Integris, a National Leader in IT Managed Services.

TechMD, a cybersecurity and IT managed services provider, has been acquired by Integris, a national leader in IT managed services. The financial terms of the transaction were not disclosed. TechMD was backed by ClearLight Partners, while Integris is backed by OMERS Private Equity. The acquisition will enable TechMD to provide outstanding service to clients and invest in its people and processes.

Integris, a national leader in future-ready managed services, has announced the acquisition of TechMD, a premier managed service provider and cybersecurity division, 1nteger Security. This strategic move, backed by OMERS Private Equity, represents a significant milestone in Integris' evolution and expansion [1].

The acquisition, Integris' largest to date, is a strategic step towards enhancing its service offerings and organizational growth. TechMD, with its extensive expertise in IT managed services, cybersecurity, and cloud solutions, will complement Integris' existing capabilities, enabling it to deliver more comprehensive and innovative solutions to its clients [1].

The acquisition is part of Integris' vision to transform into a smarter, faster, and more transformative digital powerhouse. Glenn Mathis, the newly appointed CEO of Integris, emphasized the importance of this acquisition in elevating the customer experience and deepening the company's ability to meet the evolving needs of its clients [1].

Founded in 1986 and rebranded to TechMD in 2023, TechMD has a strong presence in the Northeast and California, providing IT managed services, cybersecurity services, and technical solutions to small to midsize businesses for over two decades. The integration of TechMD's capabilities will further strengthen Integris' position in the market [1].

This acquisition also marks a leadership transition within Integris. Rashaad Bajwa, the company's founder and previous CEO, will transition to executive chairman of the Integris Board, while Glenn Mathis will take over as CEO. Bajwa expressed confidence in Mathis' ability to lead Integris into the future, highlighting his powerful thought leadership on AI, automation, and data transformation in the managed services industry [1].

The financial terms of the acquisition were not disclosed. TechMD was previously backed by ClearLight Partners, while Integris is backed by OMERS Private Equity. The acquisition will enable TechMD to provide outstanding service to its clients and invest in its people and processes.

For more information about Integris' suite of solutions and services, visit www.integrisit.com.

References:
[1] https://www.prnewswire.com/news-releases/integris-amplifies-position-as-a-leading-future-ready-msp-with-strategic-acquisition-302479386.html