In an increasingly digital era, managed services providers offering their clients IT/cloud modernization and cutting-edge cybersecurity are highly in demand. Clients are looking for expert delivery teams to accelerate their own growth, and they’re turning to managed services providers that are ready and able to accommodate them. For MSPs looking to grow quickly to be able to meet customer demand, investments are critical. Waiting for growth from the customer base simply isn’t fast enough to accommodate the expanding needs of clients.
ProArch, a digital transformation, modernization and managed services business, announced this week that it has received a $25 million growth investment from MSouth Capital, an Atlanta-based private investment firm that provides flexible, non-control financing solutions.
“ProArch has advanced significantly in recent years, and we see incredible opportunity ahead to deliver game-changing value to our clients and employees,” said ProArch's CEO Santosh Kaveti in a statement. "MSouth Capital’s investment and partnership will help accelerate the execution of our ambitious goals to break new ground on how digital managed and modernization services with exceptional customer experience are delivered.”
The debt and equity investment will enable ProArch to continue executing an aggressive growth strategy by fueling the development of innovative offerings and expanding delivery capabilities to provide clients with exceptional solutions and customer experiences. ProArch will also look to expand through the acquisitions of other companies aligned with its philosophy and strategy.
ProArch is a clear leader in the increasingly integral field of cloud cybersecurity, data and AI, mission learning and other managed services,” said Frank Izzo, CEO of MSouth Capital. “We are thrilled to collaborate and stand alongside ProArch to help create additional growth.”
To learn more about investment opportunities for managed services providers, make plans to attend MSP Expo, part of the #TECHSUPERSHOW, being held June 21-24, 2022 at the Greater Fort Lauderdale/Broward County Convention Center in Fort Lauderdale, Florida. For more information or to register, visit the show website.
Edited by
Luke Bellos
