Applied Tech and Platte River Networks Merge to Form "MSP Superpower"

Applied Tech and Platte River Networks Merge to Form "MSP Superpower"

By Tracey E. Schelmetic

In mid-December, two well-known managed service providers (MSPs) – Applied Tech and Platte River Networks – announced that they plan to merge into what they’re calling an “MSP superpower.” The merged entity will serve businesses throughout Wisconsin and the Denver metropolitan area, where the two companies are located, and across the U.S. Under the terms of the merger, Platte River Networks will adopt the Applied Tech brand in early 2023.

With the managed services market expected to exceed $730 billion by 2030, according to Grand View Research, Inc., Platte River Networks Co-Founders Brent Allshouse, CEO, and Treve Suazo, Chief Visionary Officer, call the timing of the merger “a perfect opportunity” for both companies and customers. “Bringing together Platte River Networks and Applied Tech creates an MSP superpower and a strategic IT powerhouse for our customers and partners.” As part of the merger, Allshouse and Suazo immediately joined Applied Tech’s Board of Directors.

The merged companies have combined annual revenue exceeding $34 million, and a more diverse team of 150 people located in 23 states working to secure, manage, and co-manage their clients’ IT infrastructure and staff. Some of the companies’ largest customers include Ingram Micro Inc., Microsoft, Dell and Lenovo.

The two managed service providers are celebrated among the top performing MSPs nationwide according to the IT channel’s leading publications including CRN, Channel Futures and ChannelE2E. Both companies have continued to earn the title of Top Workplaces/Best Places to Work in their respective markets.

“Platte River Networks is the right growth partner at the right time for Applied Tech,” says Daniel Petersen, President of Applied Tech. “The synergies between the two companies are easy to see and include a shared goal of delivering an exceptional experience for everyone – our customers, our staff, and our partners.”

The companies noted that their teams are already working as one to manage IT and cybersecurity for their clients and continue to serve the industry by sharing expertise and experiences throughout the IT ecosystem.

Edited by Greg Tavarez
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