10 Big Channel-Reshaping Deals In November
Submitted by Michael Novinson on
4. Contegix
Target company: Distributed Systems Services
Headcount: 150 employees
Annual revenue: Not disclosed
Purchase price: Not disclosed
Date of announcement: Nov. 29
Cloud computing and managed application hosting provider Contegix merged with managed service provider Distributed Systems Services (DSS) to better capture the growing opportunities in both on-premises and cloud-based hybrid environments.
The merger will marry St. Louis-based Contegix's cloud hosting and application capabilities with the reseller partnerships and managed services expertise of Reading, Penn.-based DSS, No. 416 on the CRN SP 500. The deal was financed through private equity firm Strattam Capital, which bought a majority stake in Contegix earlier in November.
The merged company will adopt the Contegix name. DSS Founder and CEO Jim Sweeney will join Contegix's board of directors.