Sourcepass Makes Portfolio Addition with Suite3 Acquisition

MSP TODAY NEWS

Sourcepass Makes Portfolio Addition with Suite3 Acquisition

By Tracey E. Schelmetic

According to the U.S. Small Business Administration, SMBs made up 99.9 percent of businesses in the U.S. in 2020 and their employees account for almost half of the U.S. workforce. However, these SMBs often have difficulty accessing the capabilities and resources that would help them grow.

To help eliminate the limitations, IT services management company Sourcepass recently announced that is has added Suite3 to its portfolio of IT companies focused on serving SMBs. The deal is Sourcepass’ second acquisition in 30 days and is expected to boost the company’s solutions targeting the financial service industry and grow the company’s reach in the Northeast, expanding its footprint into 43 states.

Easthampton, Massachusetts-based Suite3 provides managed network, cloud migration and management, cyber security, and IT support services to more than 6,000 managed customer endpoints. Its clients span more than eight industries, with a strong focus on financial services.

As part of the transition, Suite3’s current employees will join the Sourcepass team. They will also receive institutional training and growth opportunities. In addition, the core Suite3 leadership team will remain, with new roles to help Sourcepass with its growth into the financial services industry and culture of customer engagement.

“As Suite3’s cybersecurity offerings became more sophisticated, the next logical step for us was to expand to offer 24x7 support and security operations. With Sourcepass’ support, we can accelerate our timeframe to offer these expanded offerings and our clients gain additional resources through the relationship,” said Dave DelVecchio, President of Suite3. “One of the things at the core of our business model is an obsession with customer satisfaction and engagement. Once we knew Sourcepass shared that commitment and our visions were aligned, we knew they were the right partner for us. We are excited to be part of the Sourcepass family and look forward to contributing to the journey.”

Sourcepass plans to extend its interactive web portal to enable 24/7 on-demand, omni-channel support to Suite3 customers, and they will have access to Sourcepass broad portfolio of technology solutions.

To learn more about how MSPs can assist SMBs, plan to attend MSPEXPO, part of the #TECHSUPERSHOW series. MSPEXPO has been designed to help service providers understand how they can drive more recurring revenue, increase the valuation of their companies, grow, and protect their networks and deliver better customer service. It will also help companies looking for MSP partners to understand how MSPs can help them grow. The show will take place June 21 - 24, 2022 at the Broward County Convention Center in Fort Lauderdale, Florida. For more information or to register, visit the show website




Edited by Maurice Nagle

MSPToday Contributor

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