iVenture Solutions, a managed services provider, has acquired Gwanda, an IT services provider.

Gwanda is a St. Augustine-based technology services company focused on network design, installation, maintenance, and administration for small to mid-sized businesses in Northern Florida. The deal represents another milestone in iVenture’s growth strategy, which includes expanding its service offerings and geographic footprint.

“We’re excited about the growth prospects for this acquisition for both our new and future St. Augustine clients, as well as our new members of the iVenture family,” comments Alan Schwartz, president of iVenture. “Gwanda has a reputation in the area as a leading IT solutions provider, which we will foster, enabling iVenture to continue its growth strategy in the Southeast.”

Heritage Capital Group served as the financial advisor and intermediary to iVenture.