Corsica Technologies buys EDTS Cyber


Corsica Technologies has acquired EDTS Cyber, a provider of security services and sister company EDTS, an IT service provider. No financial terms were disclosed. Corsica Technologies was backed by Inverness Graham.

PRESS RELEASE

CENTREVILLE, Md., May 14, 2019 /PRNewswire/ — Corsica Technologies, a globally recognized leader in IT Services has recently acquired EDTS Cyber, a provider of security services, and their sister company EDTS, a leading IT Service Provider. This partnership brings together three world-class technology and cybersecurity companies that will operate under the Corsica Technologies platform.

With the addition of EDTS Cyber, an award-winning cybersecurity practice, Corsica Technologies will now offer 24x7x365 security monitoring, threat prevention, assessments, incident response, and consulting services. Corsica, a Maryland based company, will also increase their footprint with this acquisition to include 7 additional locations in the Southeast.

Dale Walls, CEO of Corsica, will continue as CEO for the combined entities. “The fit between the companies made perfect sense, and I couldn’t be more excited about what is ahead for us. I look forward to bringing an award-winning security practice group into the Corsica platform,” says Walls.

This acquisition of two nationally ranked and leading IT service firms creates a growth platform that will enable the continued development of next-generation services, a broadening of the talent base of the combined companies, and provide the necessary resources to continue to meet the ever-changing technology needs of their clients.

Both companies have been relentlessly focused on creating best in class service models for their clients. “EDTS’s focus on being that true partner and advisor for our clients means always looking for ways to improve our service delivery and our offerings. These combined companies, with similar models and commitments to excellence, will truly make us better together,” says Charles Johnson (CISSP, CISA, CISM, CCFP), Founder and CEO of EDTS and EDTS Cyber. Post-acquisition, Johnson, will bring his twenty-five years of industry experience to Corsica Technologies, serving as President of the cybersecurity division.

Walls wants the clients of both Corsica and EDTS to know that their needs are at the forefront of all decision making during the acquisition. “I want our clients to have a high degree of confidence that their experiences with Corsica, EDTS and EDTS Cyber will continue to get better and better. For us to continue to grow, we cannot do that without our valued clients. We feel strongly that ‘good is the enemy of great’ and we want to have an intense focus on looking for ways to improve our processes to support the high-quality support our customers expect,” says Walls.

This acquisition will unite a total of 11 locations, a Security Operations Center, over 130 team members, 200+ certifications and 20,000 systems under the Corsica platform.

Financial terms of the transaction were not disclosed. Corsica Technologies was acquired by the private equity group Inverness Graham in 2018.

About Corsica
Corsica Technologies is a mature managed IT services provider serving small, midsize, and large organizations across the nation. Corsica’s mission is clear – to provide customers with the best IT service possible, as efficiently as possible.

About Inverness Graham
Headquartered in Newtown Square, PA, Inverness Graham is an operationally focused private investment firm with over $500 million of assets under management. Inverness Graham acquires high growth, innovative manufacturing, technology and services companies.

About EDTS and EDTS Cyber
Founded in 1999 and one of America’s most honored Managed IT providers, EDTS keeps clients’ systems running and optimized while maximizing their technology investment and removing the everyday burden of supporting IT. EDTS Cyber helps organizations protect their data, secure their systems and respond to cyber incidents. Employing top talent, utilizing innovative technology, and following industry best practices.

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