NEW YORK, NY / ACCESSWIRE / December 27, 2021 / Data Network Services (“DNS”), backed by Cloud Equity Group (“CEG”), today announced the acquisition of Datacom Specialists (“Datacom”). Data Network Services is a leading managed service provider supporting small and medium-sized businesses nationwide from its headquarters in Virginia. Datacom is the first complementary acquisition of DNS since Cloud Equity Group’s initial investment in December 2020. Financial terms were not disclosed.
Datacom is an Ohio-based managed services provider that provides a variety of hosting and management services to its small and medium-sized business customers across the United States. The company is independent from the industry and has been in existence for over 21 years.
âWe are very pleased that the Datacom team has joined Data Network Services,â said Brian Shackelford, vice president of Internet technology at Data Network Services. âThe alignment between the two companies and their respective customers provides us with a tremendous opportunity as we are able to offer a greater variety of combined customer services. “
âBecoming a member of the Data Network Services team offers Datacom specialists an exciting opportunity to combine our resources and use our common values ââto be the next chapter of growth,â said Liam Cummings, CEO of Datacom . âAs a company proud of its commitment to quality and customer service, we believe this acquisition enables both companies to better serve our customers. “
Cloud Equity Group Managing Partner Sean Frank commented, âWe appreciate that Datacom Specialists has chosen to join CEG’s Data Network Services. not only to maintain its historic legacy of success, but also to accelerate the growth of the company. CEG’s track record demonstrates that we help businesses grow, innovate and better compete in today’s markets, and we are confident that Datacom Specialists and its leadership team will become a valuable part of data network services. . “
About data network services
Data Network Services is a privately held company that began operations in Virginia in 1987. The company provides advice, sales and service to the data communications market. DNS specializes in creating efficient and cost-effective solutions to meet the unique needs of each of its clients.
About Cloud Equity Group
Cloud Equity Group is a strategically positioned investment management company capitalizing on the growing industries of web hosting and cloud infrastructure. The primary objective of the company is to leverage investor capital in the acquisition of private lower middle market companies that possess high levels of unleveraged free cash flow and / or significant exponential growth opportunities.
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THE SOURCE: Cloud equity group
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