CSS Corp Announces Two Significant Acquisitions To Solidify Its Solutions Portfolio for the Converged Enterprise IT and Telecommunications Marketplace
May 11, 2010
Acquisitions grow revenue and enable CSS Corp to leverage multi-billion dollar telecommunications and remote infrastructure management opportunity
Dallas and Boston, May 11, 2010 - CSS Corp., a global provider of technology solutions, today announced it has acquired Glow Networks, a telecommunications services and engineering company providing end-to-end network services, and the remote infrastructure management services (RIMS) business unit of InteQ, a leader in On Demand IT Service Management.
"These acquisitions are an important milestone in the growth of CSS Corp, scaling our revenues and adding significant technical capabilities," said Nick Sharma, CEO of CSS Corp. "Our customers increasingly seek critical end-to-end solutions to help them manage complex technology environments. The acquisition of two industry leaders positions CSS Corp to be a strong and trusted partner of choice for our customers."
CSS Corp will add telecommunication and IT convergence services to its offerings through the acquisition of Glow Networks. Based in Richardson, Texas, Glow Networks is a $30 million privately held company that has been consistently ranked amongst the fastest growing companies in North America by Deloitte. The company was founded in 2000 and currently has nearly 400 employees in the U.S. The acquisition will enable CSS Corp to provide telecom companies with the following:
- Design, deployment, operations and field services of 2G, 4G, LTE, Packet and Optical networks
- Design, deployment and field services for Network equipment vendors
- Network Analytics to help Service Providers optimize capex / opex spend
- Unified communication services design, operations and support for enterprises and service providers
"With telecommunication and IT convergence afoot, our customers are looking to us to help them manage this transformation," said Krish Prabhu, telecom veteran and Senior Advisor to Glow Networks. "By leveraging CSS Corp's expertise in platform-based managed services and emerging technologies such as cloud computing, we are positioned strongly to meet our customers' transformation needs."
CSS Corp will add 30 customers and partners with the acquisition of the remote infrastructure management services (RIMS) business unit of Boston based InteQ. InteQ was one of the first companies to launch remote infrastructure management services and has been widely recognized as a pioneer in the field and has made substantial investments in building a robust, proven and scalable monitoring and management service delivery platform that has serviced customers' infrastructure in over 90 countries.
CSS Corp will now offer the following services to assist enterprises to proactively monitor and manage mission critical IT infrastructures and enable partners to private label RIM services and strengthen their go-to market strategies:
- Robust RIMS service delivery platform to monitor and manage servers, networks, storage, wireless infrastructure, IP telephony, databases and application infrastructure
- Private labeled RIMS solutions for managed services providers and partners
- RIMS for Software-as-a-Service (SaaS), Cloud and On-demand application solution providers
- RIMS platform to monitor and manage Public, Private and Hybrid Cloud infrastructure
"InteQ's RIMS business unit's enterprise customers and managed services partners will get the immediate benefit of CSS Corp's broad service and solutions portfolio to address some of their most critical application infrastructure operations requirements," said Santhana Krishnan, Co-Founder, Chairman and CEO of InteQ. "CSS Corp's commitment to their mission of "100% referenceable clients" will continue our long terms relationships with existing clients and partners as they grow and expand." Santhana added, "InteQ will continue its focus on rapid growth and expansion of its SaaS IT Service Management solutions."
Finvista Advisors Private Ltd served as M&A advisor for CSS Corp for these transactions.
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