MSP Services Network (MSPSN) To Be Acquired
December 9, 2009 — MSP Services Network (MSPSN), a provider of managed service support infrastructure, today announced, at the CompTIA MSP Business Simulation Experience in Washington D.C., that it has signed a letter of intent to be acquired by High Street Technology Ventures. Under terms of the agreement, Gerard Kane will assume the role of CEO, and Amy Luby, founder of MSPSN, will be appointed to the board of directors when the transaction is completed. In her new strategic role, Luby will be responsible for shaping the future direction of the organization, while Kane will take an active role in the day-to-day activities of MSPSN.
MSPSN will continue to operate as a separate entity, with plans to increase the number of services it delivers to the existing base of partners as well as continue a rapid expansion of the network. "MSPSN has demonstrated the vision necessary to establish itself as a leader in the industry and I look forward to enhancing that position in the marketplace," says Kane. "I'm excited for the timing of High Street's involvement," adds Luby. "Solution providers are building their capacity for managed services delivery in their existing business, and these moves will allow MSPSN to evolve a new generation of services for this vibrant community."
MSPSN will continue to partner with a variety of managed services vendors to enhance the technology options available for members, including pre-configured solutions and best practices templates. According to Sheldon Waters, CEO of itControl Solutions, "We are very excited by the additional resources and expertise that Gerard and his team will bring to MSPSN, which Amy has already established as a premiere resource for the managed services community."
Increasing the number of MSPSN managed services providers is another goal after the transaction is concluded, and the expanding network will result in new technical and business support options for the community. Partner Vince Tinnirello, President of Anchor Network Solutions, adds, "This agreement is very encouraging to us, representing a continuation and enhancement of the tools and processes that enable us to deliver top quality services to our customers."
The transaction is expected to close in early 2010. For more information, visit www.mspsn.com.
MSPSN was founded in 2007 by Amy Luby, and is dedicated to providing a system that allows the Managed Services Provider (MSP) Community to communicate and collaborate with each other for the purpose of growing stronger. MSPSN offers training and guidance for mastering the MSP business model, as well as the tools to manage and build their businesses. They host a Global Community to SMB focused MSPs who collaborate with each other for support. MSPSN is dedicated to providing the Operational Support Services that MSPs need to grow their business and offer the best solutions for their clients. MSPSN exists solely to assist the MSP Community and is committed to providing an infrastructure that will help build thriving businesses.
High Street Technology Ventures is focused on assisting and developing technology based companies by providing the necessary ingredients of expertise, investment and long term advisory services. Our team is comprised of seasoned entrepreneurs from leading technology companies who offer deep domain expertise coupled with hand-on operational experience to those companies we engage. Our overall goal is to increase the value of our partners, our investments and our team by connecting all stakeholders in beneficial and symbiotic relationships.