Fastech Integrated Solutions, a portfolio company of NewSpring Capital, has completed its acquisitions of the assets of two IT and telephony service vendors focused on SMEs: Aserdiv Inc. and Transcend Communications Inc. No financial terms were disclosed.
Fastech Integrated Solutions announced today that it recently completed the acquisition of two leading IT and Telephony services vendors focusing on small and mid-sized businesses. Fastech acquired the assets of Aserdiv, Inc. and Transcend Communications, Inc. The combined organization will offer a complete suite of IT and telecom solutions and expects 2010 revenues to exceed $30 million.
Aserdiv, based in suburban Philadelphia, is a leader in Riverbed WAN Optimization, wireless networking solutions, and data center management tools. The company has focused on market opportunities in the Northeast Corridor and maintains a regional office in suburban Boston.
Minneapolis-based Transcend is the largest regional reseller of Shoretel VoIP telephony and unified communications equipment in the US and operates in 35 states. The company is also a prominent provider of Avaya small business solutions.
“With revenues that place us among the top 5% of VARs nationally, an expanded engineering staff, and a wider, more comprehensive set of solutions to offer customers, we feel we are well-positioned for a bounce-back in IT spending in 2010 and beyond,” said Rick Hirsh, CEO of Fastech. “We’ve put the management team, systems, and processes in place to grow organically in the strategic areas of IP telephony and WAN Optimization using a managed services model, and also plan on more acquisitions over the next 9-12 months,” Hirsh continued.
The transaction was supported by financing from NewSpring Mezzanine Capital, LP (Radnor, PA) and First Savings Bank (Perkasie, PA).
Fastech Integrated Solutions LLC provides integrated, cost-effective IT, network, and telecom solutions. Fastech delivers products and expertise in technologies such as Voice-over-IP telephony, WAN Optimization, data center management, and data replication. With these offerings, Fastech helps organizations solve real business problems such as improving call center performance, ensuring business continuity in case of a disaster, complying with major regulatory standards (such as SAS 70 and PCI DSS), and reducing staffing and operations costs in the data center. For more information, please visit www.fastechis.com.