PITTSBURGH, Sept. 7, 2022 /PRNewswire/ — Magna5, a nationwide supplier of managed IT providers and a NewSpring Holdings platform firm, at present introduced its acquisition of Interphase Programs, a Philadelphia-based managed IT providers supplier servicing companies within the Philadelphia metropolitan area with a specific experience in servicing the life sciences and monetary providers sectors. That is the fifth managed providers acquisition for Magna5 and additional strengthens the agency’s place as a formidable participant within the Northeast and Mid-Atlantic areas providing a variety of managed IT providers together with community administration, cybersecurity, information restoration and cloud providers.
“We’re thrilled to affix the Magna5 staff and stay up for leveraging their gross sales and advertising and marketing experience to develop our buyer base within the Philadelphia area,” says John Biglin, CEO of Interphase Programs. “Our present clients will even profit from Magna5’s broader set of capabilities and technical assets.”
“Our purpose is to be a real enterprise associate with our clients, serving to them to scale their enterprise operations effectively and successfully by leveraging our portfolio of managed IT and cloud providers,” says Bob Farina, CEO of Magna5. “We’re very excited to welcome the Interphase Programs staff and develop our presence within the larger Philadelphia area.”
The demand for real-time cybersecurity safety, information backup/restoration, centralized community monitoring, cloud internet hosting and 24/7 assist desk assist mixed with Magna5’s superior service choices have the corporate on tempo to file natural progress of over 20% yr over yr.
About Magna5
Magna5, a NewSpring Holdings platform, offers managed IT providers, cybersecurity, non-public and public cloud internet hosting, backup and catastrophe restoration and different superior IT providers to mid-market and enterprise clients, together with leaders inside the training, healthcare, authorities, monetary providers, manufacturing, and different trade segments. Headquartered in Pittsburgh, PA, Magna5 has clients nationally.
About NewSpring Holdings
NewSpring Holdings, NewSpring’s devoted holding firm with a technique targeted on management buyouts and platform builds, brings a wealth of data, expertise, and assets to take worthwhile, rising firms to the following stage by means of acquisitions and confirmed natural methodologies. Based in 1999, NewSpring companions with the innovators, makers, and operators of high-performing firms in dynamic industries to catalyze new progress and seize compelling alternatives. The Agency manages over $2.5 billion throughout 5 distinct methods overlaying the spectrum from progress fairness and management buyouts to mezzanine debt. Partnering with administration groups to assist develop their companies into market leaders, NewSpring identifies alternatives and builds relationships utilizing its community of trade leaders and influencers throughout a big selection of operational areas and industries. Go to NewSpring at www.newspringcapital.com.
SOURCE Magna5
