Net at Work Acquires OnPar Technologies
What happened
Net at Work, a technology solutions provider for small and mid-sized businesses, has acquired OnPar Technologies. The acquisition is intended to boost Net at Work's managed services provider (MSP) expertise and expand its national presence in key vertical markets.
Why it matters
- OnPar Technologies, founded in 2007 by Jeremy McParlan, is a North Carolina-based IT services company specializing in Microsoft cloud solutions for small and medium-sized businesses. - The company has been recognized multiple times as a top Microsoft partner, earning the Microsoft US SMB East Region Partner of the Year in 2017. - Net at Work was founded in 1996 in New York City by brothers Alex and Edward Solomon, who still serve as Co-CEOs. - This is one of at least a dozen acquisitions by Net at Work, which has a history of purchasing IT service and software consulting firms to expand its portfolio. - In September 2023, Net at Work received a private equity investment from Lovell Minnick Partners to help scale the business and fund larger acquisitions. - OnPar's founder, Jeremy McParlan, stated that the acquisition gives his clients access to Net at Work's extensive resources and provides long-term stability and career growth opportunities for the OnPar team. - The deal was brokered by IT ExchangeNet, a firm that specializes in advising on the sales of Managed Services Providers.
Key numbers
- - OnPar Technologies, founded in 2007 by Jeremy McParlan, is a North Carolina-based IT services company specializing in Microsoft cloud solutions for small and medium-sized businesses.
- The company has been recognized multiple times as a top Microsoft partner, earning the Microsoft US SMB East Region Partner of the Year in 2017.
- Net at Work was founded in 1996 in New York City by brothers Alex and Edward Solomon, who still serve as Co-CEOs.
- In September 2023, Net at Work received a private equity investment from Lovell Minnick Partners to help scale the business and fund larger acquisitions.
What happens next
- This is one of at least a dozen acquisitions by Net at Work, which has a history of purchasing IT service and software consulting firms to expand its portfolio.
- The acquisition is intended to boost Net at Work's managed services provider (MSP) expertise and expand its national presence in key vertical markets.
Quick answers
What happened in Net at Work Acquires OnPar Technologies?
Net at Work, a technology solutions provider for small and mid-sized businesses, has acquired OnPar Technologies. The acquisition is intended to boost Net at Work's managed services provider (MSP) expertise and expand its national presence in key vertical markets.
Why does Net at Work Acquires OnPar Technologies matter?
OnPar Technologies, founded in 2007 by Jeremy McParlan, is a North Carolina-based IT services company specializing in Microsoft cloud solutions for small and medium-sized businesses. The company has been recognized multiple times as a top Microsoft partner, earning the Microsoft US SMB East Region Partner of the Year in 2017. Net at Work was founded in 1996 in New York City by brothers Alex and Edward Solomon, who still serve as Co-CEOs. This is one of at least a dozen acquisitions by Net at Work, which has a history of purchasing IT service and software consulting firms to expand its portfolio. In September 2023, Net at Work received a private equity investment from Lovell Minnick Partners to help scale the business and fund larger acquisitions. OnPar's founder, Jeremy McParlan, stated that the acquisition gives his clients access to Net at Work's extensive resources and provides long-term stability and career growth opportunities for the OnPar team. The deal was brokered by IT ExchangeNet, a firm that specializes in advising on the sales of Managed Services Providers.
