The communications operator MetTel announced a key acquisition this morning, joining what has been a busy week already on the inorganic front. They’ll be purchasing Thrive Networks, the IT solutions arm of the office retail giant Staples.
Thrive offers managed IT services to the business community, i.e. things like network management, virtualization, backup, etc. It’s a direction that seems to be less of a fit with where Staples has been going lately, but more of a fit for the alternative telecom community. MetTel’s offerings have been more focused on voice and connectivity,and an expansion into a wider variety of managed data services is a logical one given the rise of the cloud.
Thrive’s 71 person, engineer-heavy team will continue to operator out of Tewksbury, MA, from which they will boost MetTel’s managed services capabilities and have access to a deeper set of network assets. MetTel’s inorganic appetite may not end with Thrive, there could be additional cloud-powered consolidation opportunities ahead.
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Categories: Managed Services · Mergers and Acquisitions
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