Key Takeaways
- • Brite, a Rochester, N.Y.-based managed IT and cybersecurity provider backed by Sole Source Capital LLC (SSC), has acquired Xobee Networks, a Fresno, California-based managed IT and cybersecurity firm, according to a Business Wire release.
- • The deal gives Brite a significant operating presence on the West Coast and broadens its managed services and security capabilities.
- • Xobee, founded roughly 30 years ago by Eric Rawn, provides managed IT, cybersecurity, cloud and communications services with 24/7 support.
- • The transaction is SSC's second investment in the managed services sector, per the announcement.
- • Brite CEO Justin Smith said the combination deepens security expertise and creates new opportunities for customers, employees and partners.
Summary
Brite, a leading provider of managed IT services and cybersecurity solutions backed by Sole Source Capital LLC ("SSC"), announced the acquisition of Xobee Networks ("Xobee"), a Fresno, California-based provider of managed IT and cybersecurity services, according to a Business Wire release datelined Rochester, N.Y. The transaction broadens Brite's platform and gives the company a significant operating presence on the West Coast. The combined company is positioned to give customers of both firms access to an expanded range of managed services, security capabilities and technical resources.
Brite CEO Justin Smith said Xobee shares the company's belief that effective managed IT and strong cybersecurity go hand in hand. "Bringing our teams together deepens our security expertise, extends our reach to the West Coast, and creates new opportunities for our customers, employees and partners," Smith said. The transaction marks SSC's second investment in the managed services sector.
Xobee has delivered managed IT, cybersecurity, cloud and communications services to businesses of all sizes for three decades. Its offerings include designing, implementing and managing technology environments with predictable costs and 24/7 support. According to the release, the combined company will pair proactive IT management with cybersecurity services such as managed detection and response, security monitoring, compliance support, and backup and disaster recovery.
Eric Rawn, founder of Xobee, said he built the company around putting clients first, embracing innovation and delivering exceptional service. He said joining Brite gives Xobee clients access to greater resources and security capabilities while preserving the service quality they rely on.
Brite, originally founded in 1983 and headquartered in upstate New York, describes itself as operating across IT services, cybersecurity and public safety technology. SSC, founded in 2016 by David A. Fredston, is a Dallas-headquartered private equity firm with an office in Santa Monica, California, that invests in fragmented, high-growth industrial subsectors using a buy-and-build strategy. The release did not disclose deal terms.
Brite CEO Justin Smith said Xobee shares the company's belief that effective managed IT and strong cybersecurity go hand in hand. "Bringing our teams together deepens our security expertise, extends our reach to the West Coast, and creates new opportunities for our customers, employees and partners," Smith said. The transaction marks SSC's second investment in the managed services sector.
Xobee has delivered managed IT, cybersecurity, cloud and communications services to businesses of all sizes for three decades. Its offerings include designing, implementing and managing technology environments with predictable costs and 24/7 support. According to the release, the combined company will pair proactive IT management with cybersecurity services such as managed detection and response, security monitoring, compliance support, and backup and disaster recovery.
Eric Rawn, founder of Xobee, said he built the company around putting clients first, embracing innovation and delivering exceptional service. He said joining Brite gives Xobee clients access to greater resources and security capabilities while preserving the service quality they rely on.
Brite, originally founded in 1983 and headquartered in upstate New York, describes itself as operating across IT services, cybersecurity and public safety technology. SSC, founded in 2016 by David A. Fredston, is a Dallas-headquartered private equity firm with an office in Santa Monica, California, that invests in fragmented, high-growth industrial subsectors using a buy-and-build strategy. The release did not disclose deal terms.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.