Managed Service Provider Week in Review

Managed Service Provider Week in Review

By Laura Stotler

Buyouts, acquisitions, record-breaking revenue growth: these are the key words that dominated the MSP landscape this week, and it appears there is no end in sight to the flurry of activity taking place in the cloud and managed services arena.

Acquisitions once again ruled the day this week, and two-factor authentication (2FA) was the selling point in Accumuil's acquisition of Signify Solutions. Signfify is an MSP specializing in 2FA security solutions. Directly following that announcement was EarthLink's decision to purchase MSP CenterBeam for $22 million. The move is meant to beef up Earthlink's cloud computing portfolio with an established managed services player.

The trend of large, established players snapping up specialty MSPs continued with NTT announcing an agreement to acquire Solutionary this week. The MSP, a privately-held company based in Omaha, specializes in pure-play managed security services. NTT will use the services to complement its existing cloud service offerings and further its global expansion with improved security services.

In overseas acquisition news, Channel Islands MSP C5 Alliance purchased the Itex group of companies. Itex offers hosting and managed services to the small geographic area within the English Channel. The company is focused on supporting secure offshore data and hosting centers, and offers monitoring and management services.

On the growth and expansion front, Masergy announced a jump in revenues from 13.2 percent growth to 19.4 percent growth over the past two years. This is largely due to its recent acquisition of UCaaS provider Broadcore and the expansion of its portfolio to offer unified communications services. The company also expanded its global presence with new POPs in Mexico City, Miami and Sao Paulo, with plans to add three to six new core data centers per year to continue on the growth trajectory.

Canon's managed document services business in India is set to bring the company up to $17.3 million in revenues over the next three years, representing double last year's revenues of $8.6 million. This is a pretty significant chunk of India's managed document services market, which is worth more than $43 million and is largely propelled by the banking, financial services and insurance (BFSI) market.

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MSPToday Contributing Editor

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