EDTS and EDTS Cyber Announces Private Equity Partnership and Merger with Corsica

Katie Duncan
13 Apr 2019

Augusta, GA – April 15, 2019 – EDTS, a leading IT Service Provider, and their sister company, EDTS Cyber, a provider of security services, announces a partnership with private equity firm Inverness Graham. As a part of this relationship, EDTS and EDTS Cyber will merge with Inverness Graham portfolio company Corsica Technologies, another leading IT Service Provider in the mid-Atlantic region. EDTS specializes in managed IT services, professional services, cloud services, and disaster recovery and business continuity solutions. In addition, EDTS Cyber is an award-winning cybersecurity practice focused on 24x7x365 security monitoring, threat prevention, assessments, incident response, and consulting services for clients concerned about cyber risks.

With this merger, EDTS, EDTS Cyber and Corsica have a significant presence in the Baltimore, Houston, Texas, Washington, DC and New York City areas along with Augusta, Savannah, Greenville, Columbia, Charleston, Charlotte and Asheville markets. This merger of two nationally ranked and leading IT service firms creates a growth platform that will enable the continued development of next-generation services, a broadening of the talent base of the combined companies, and provide the necessary resources to continue to meet the ever-changing technology needs of their clients. “Our partnership with EDTS, EDTS Cyber and Corsica reflects our commitment to well-managed, high growth, successful companies that are looking for a financial partner for additional growth,” says Trey Sykes, managing principal at Inverness Graham.

This merger brings together two organizations that are relentlessly focused on creating best in class service models for their clients. “EDTS’s focus on being that true partner and advisor for our clients means always looking for ways to improve our service delivery and our offerings. This merger with Corsica brings us some things that we need to grow and scale at EDTS and brings things to Corsica that were specific needs for them. These combined companies, with similar models and commitments to excellence, will truly make us better together” says Charles Johnson, Founder and CEO of EDTS and EDTS Cyber. Johnson continues, “in the past few years, I have spent considerable time on our fast-growing security practice. There is significant investment in cybersecurity, at the national, state, and local level, in our community and our clients need someone they can trust to help guide them through their approach to security. With this merger, I’ll be focused on leading the security practice and helping our clients navigate the ever-changing security landscape.”

Dale Walls, CEO of Corsica, will assume the CEO role for the combined entities. “When I first met Charles, I was stunned at the similarities in our company stories. We have both built companies through hard work, a focus on customer service, and a focus on the local markets where we live. I was looking to build a security practice and Charles had already built an award-winning practice group in EDTS Cyber. Charles was looking for executive talent to grow and scale and I had just brought on two industry veterans with experience at some of the largest MSPs in the world. The fit between the companies made perfect sense, and I couldn’t be more excited about what is ahead for us” says Walls. Walls wants the clients of both EDTS and Corsica to know that their needs are at the forefront of all decision making during the merger. “I want our clients to have a high degree of confidence that their experiences with EDTS and Corsica will continue to get better and better. For us to continue to grow, we cannot do that without our valued clients. We feel strongly that ‘good is the enemy of great’ and we want to have an intense focus on looking for ways to improve our processes to support the high-quality support our customers expect” says Walls.

Inverness Graham invested in Corsica in November of 2018, and the merger with EDTS and EDTS Cyber completed in March of 2019.

Financial terms of the transaction were not disclosed.

About EDTS

Founded in 1999 and one of America’s most honored Managed IT providers, EDTS keeps clients’ systems running and optimized while maximizing their technology investment and removing the everyday burden of supporting IT. EDTS has been listed as one of America’s Fastest Growing Companies by Inc. 5000 for nine consecutive years. Other awards and honors include CRN Elite 150, MSPmentor 501, CRN Fast Growth 150, CRN Tech Elite 250, CRN MSP 500, and CRN Pioneer 250.

About EDTS Cyber

EDTS Cyber helps organizations protect their data, secure their systems and respond to cyber incidents. Employing top talent, utilizing innovative technology, and following industry best practices. Protecting clients from its 24x7x365 Security Operations Center (SOC) located in Augusta GA, EDTS Cyber offers companies the full-lifecycle of IT security –auditing for current security gaps, remediation of those issues, real-time security monitoring, incident response, and forensics, along with consistent user security awareness training and testing. EDTS Cyber has been recognized as a top 100 Managed Security Service Provider (MSSP) in 2017 and 2018 by MSSP Alerts and CRN Magazine. Other awards and honors include SC Chamber 2018 Brand on the Rise and 2018 SC Cyber Excellence in Industry.

About Corsica

Helping businesses achieve their goals through technology at Corsica Technologies. Corsica Technologies is a mature managed IT services provider serving small, midsize, and large organizations across the nation for the past 16 years. Corsica's mission is clear - to provide customers with the best IT service possible, as efficiently as possible. In 2018, Corsica was honored as both 2018 MSP of the Year Award by SolarWinds MSP, as well as MSP of the Year at the Channelnomics Awards. Corsica ranks among the world's 501 most strategic and innovative service providers, according to Channel Futures 11th Annual MSP 501 Worldwide Rankings.

About Inverness Graham

Headquartered in Newtown Square, PA, Inverness Graham is an operationally focused private investment firm with over $500 million of assets under management. Inverness Graham acquires high growth, innovative manufacturing, technology and services companies.

Our approach is as unique as our heritage. Founded by senior executives of the Graham Group, a family- owned multi-national industrial concern, we bring unparalleled resources developed over a 50-year operating history to support our portfolio companies. Inverness Graham partners with businesses to provide the financial and operational support necessary to accelerate growth while enabling owners to achieve their key liquidity objectives.

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