Netrix, a provider of cybersecurity and end-to-end IT services and portfolio company of OceanSound Partners, has acquired Edrans, a cloud services provider for midsize enterprise customers.
Edrans is a provider of a range of enterprise cloud services like strategy, mitigation, application modernization, development, recurring cloud managed services, cost optimization and DevOps-as-a-service. The firm works to build enterprise cloud capabilities and supports customers across the country. The deal will add Edrans’ offerings to add scale to Netrix’s cloud services portfolio and additionally brings advanced technical expertise to Netrix’s customers.
“The acquisition of Edrans is a continuation of our strategy to bolster our core pillars of security, cloud, and IT solutions while also expanding our team of highly talented personnel across the globe,” said Russell Reeder, CEO of Netrix. “We are thrilled to welcome our new team members from Argentina, Spain, Uruguay, Mexico, and the United States to Netrix and look forward to partnering together to support our clients and foster a culture of growth across our global team.”
DC Advisory served as financial advisor to Edrans. Womble Bond Dickinson (US) and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Netrix.