Spire Capital backed Dynamic Quest Completes Third Acquisition of 2020 to Continue its Growth in Managed IT
Greensboro, NC (August 25th, 2020) – Dynamic Quest, a managed service provider offering IT and cloud services to enterprises and businesses, completed the acquisition of Southern Data Solutions (“SDS”), an Atlanta, Georgia-based managed services provider.
Dynamic Quest, led by CEO & Founder Javier Gomez, continued with its strategic vision to expand in the Southeastern United States with the acquisition of SDS. This marks the fifth acquisition for Dynamic Quest since the formation of its partnership with Spire Capital in Q2 2018.
Javier Gomez, CEO of Dynamic Quest conveyed, “Dynamic Quest continues to grow organically and is strategically acquiring businesses to add greater breadth to our services portfolio and geographic reach to better serve our clients and partners. The team at SDS has done a fantastic job building up a great company that provides its customers with dependable, critical IT services. This marks our second acquisition in Georgia in Q3 2020 and we are very excited to welcome the SDS team to the Dynamic Quest family.”
Founded in 2005, SDS offers managed IT, disaster recovery and hosting services to businesses and enterprises across a wide variety of verticals. Approximately 75% of SDS’s revenue is recurring with a strong, loyal customer base. The SDS team members will join Dynamic Quest and continue to serve the Georgia market.
Jeff Davis, President of SDS relayed, “We are thrilled to be joining Dynamic Quest and positioning ourselves to better serve our current customers by leveraging Dynamic Quest’s infrastructure, broader solution set and scale. Our team and customers look forward to the significant benefits we’ll soon be delivering.”
The transaction will enhance Dynamic Quest’s market share in Georgia and provide the ability to cross-sell some services to SDS’s customer base that are not currently offered. Dynamic Quest will look to leverage its infrastructure including its data center, centralized remote delivery team and sales and marketing initiatives to enhance service solutions for end clients and accelerate growth.
Spire Capital (https://spirecapital.com/) is an active and experienced private equity firm with an investment focus in small market companies within the technology enabled business services, media, communications and education sectors. Spire Capital was founded on the principle of partnering with management teams and founders to help effectuate the next stage of growth for their companies. Spire professionals have a broad array of past operating, investing and advisory experiences they leverage to help portfolio companies accelerate growth, guide strategic direction and execute their business plan. Spire Capital is a New York-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
Founded in 2000, Dynamic Quest is a managed service provider for IT services to enterprises and mid-sized businesses. Dynamic Quest offers a broad set of services including hosted cloud services, disaster recovery, managed IT, service plans, application support, virtual CIO and security services. The Company’s headquarters is in Greensboro, North Carolina. Dynamic Quest currently has satellite offices in Winston-Salem and Raleigh, North Carolina; Atlanta and Valdosta, Georgia; and Clark, Philippines.. For more information, visit https://dynamicquest.com/ or follow Dynamic Quest on LinkedIn
Founded in 2005 and based in Atlanta, Georgia, Southern Data Solutions is a managed service provider for IT services to small to medium sized businesses. For more information about Southern Data Solutions, visit the company website https://www.therightmsp.com/.
Source: Spire Capital Partners
Media Contact: David Schaible
Phone: (212) 218-5454
93% of businesses file for bankruptcy after losing data for 10 or more days.
70% of SMBs reported suffering a security breach during the previous 12 months – and companies with fewer than 500 employees were the most vulnerable, with a 75% breach rate.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”
Javier Gomez, CEO
$500 billion will be spent in the greater cloud market by 2020.
The average price of a data breach now stands at about $4 million.
71% of SMBs are outsourcing their IT needs to a managed service provider.
More than 90% of businesses are either evaluating, adopting or embracing the cloud.
Billions of devices will be connected to the Internet of Things by 2025, exponentially increasing demand for MSPs to back up growing companies.