martinwolf transaction
FusionStorm and Synoptek Form Alliance to Deliver Managed Services
San Francisco-based FusionStorm, an award-winning IT solution provider with national U.S. coverage and global distribution capabilities, has entered into a strategic alliance with Synoptek, a cloud solutions and managed IT services firm based in Irvine, California.
The two companies will partner to form a new entity to meet the growing worldwide demand for cloud "as-a-service" technology and powerful hosted solutions to support on-premise systems.
Financial terms of the transaction were not disclosed. FusionStorm will have a significant equity stake in the new entity, which will operate under the Synoptek brand, and FusionStorm CEO Dan Serpico will hold a board seat on the Synoptek board.
FusionStorm and Synoptek were counseled in the transaction by martinwolf.
To read the press release announcing the alliance, click here.
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About martinwolf
San Francisco, CA Bangalore, India
With offices in San Francisco and Bangalore, India, martinwolf is a leading middle market M&A Advisory focused on companies with services-based business models. Since 1997, our team has completed more than 115 transactions in eight countries. We are a five-year member of the Merrill Lynch PS Referral Network, and were selected as ICICI Bank's (India's leading private bank) exclusive strategic partner for acquiring U.S. IT companies. martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com.
To learn more about martinwolf, contact Matthew Putzulu at mputzulu@martinwolf.com.
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