Integris, a Frontenac-backed information technology managed service provider, has acquired CalTech, a community banking-focused IT managed service provider with offices in Texas and Kansas.
According to Rashaad Bajwa, CEO of Integris, the company will use CalTech’s IT service delivery model for the community banking industry and will use existing resources to expand nationally. With the addition of CalTech, Integris now has over 20 offices in 10 states with approximately 700 employees. The deal marks Integris’ third acquisition in less than six months, which looks to drive growth potential for the company and its national footprint.
“Managed IT services are getting more complex and CalTech’s reputation in the community banking space allows Integris to build on and expand its high-quality operations to build a national community banking practice,” comments Bajwa.