Netrix LLC, a provider of managed and professional IT services, with a core focus on cloud, security, collaboration, information technology service management and application development solutions, has bought the managed IT services business unit of Contegix LLC. Netrix expects the acquisition to expand its market presence in the Northeast and Mid-Atlantic regions and adds scale to its ITSM service desk and cloud managed services capabilities and brings together two teams of high-performing and talented employees supporting similar customer bases.
Netrix is backed by PE firm OceanSound Partners.
“I’m very excited to welcome our new team members and customers to the Netrix family. Together, we have combined two best-in-class solution providers with complementary service offerings, technology expertise and geographic footprints,” said Rob Dang, CEO of Netrix. “This acquisition greatly expands Netrix’s managed services offerings and cloud capabilities and enhances our market position as the go-to provider for small and midsize enterprise customers in need of sophisticated IT solutions.”
“The acquisition of the Managed IT Services business unit from Contegix allows us to better support customers coast-to-coast while adding additional scale and sophistication to our managed and cloud services offerings.” said Don Penland, VP of corporate development at Netrix. “We look forward to continuing to pursue an acquisition-driven growth strategy that complements our platform’s organic growth potential. Additionally, we are excited to further strengthen our strategic partnership with Microsoft by supporting their solutions within this new region, with a core focus on Microsoft 365 and Microsoft Azure.”
“Netrix is an excellent strategic fit for our Managed IT Services business unit, bringing an even broader set of advanced capabilities to our customers,” said Brad Hokamp, CEO of Contegix. “Contegix will now be able to focus primarily on growing our Application Platform Services business, including Atlassian solutions, Content Management Systems (CMS) and DevSecOps. We wish our long-time colleagues and customers the best as they embark on this next step of their journey with Netrix.”
Bank Street Group LLC served as exclusive financial advisor to Contegix in connection with this transaction. Wilson Sonsini Goodrich & Rosati PC served as legal counsel to Contegix. Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Netrix.