NWN Corporation announced it has closed
the acquisition of InterVision Systems, a premier managed
services provider and leader in innovative IT solutions, from MidOcean
Partners, a New York-based alternative asset manager. The financial terms of
the transaction were not disclosed.
The transaction represents NWN's second
acquisition since September 2024 under American Securities ownership, led by
CEO Jim Sullivan and SVP of Corporate Development Matt Curran, and seeks to
expand the Company's integrated offerings across North America, marking a
significant milestone in the Company's growth trajectory.
Jim Sullivan, President & CEO at NWN
commented: "We are thrilled to partner with the InterVision team and build on
our momentum together in this next chapter. Integrating their innovative
solutions into our AI-powered offerings platform will significantly accelerate
our clients' digital transformation journeys, expand our footprint in the
Midwest, and strengthen our presence in the Mid-Atlantic and Public Sector
markets nationwide."
Supported by InterVision's capabilities in
cloud implementation services and application modernization, NWN's future
expansion in the AI consulting market is projected to grow at a CAGR of 34%
through 2028 as organizations continue modernizing their tech stacks with
cloud-native infrastructure. NWN offers greater agility, speed-to-market, and
deep technology modernization expertise to complete AI and digital
transformation initiatives quickly and efficiently for its client base than
other available services.
The acquisition also marks a pivotal step
in delivering exceptional value and adopting new capabilities to the Company's
growing customer base, including:
- Cloud
Contact Center (CX) Platforms:
Amazon Web Services (AWS) Contact Center and Cloud CX Expertise that
extends NWN's capabilities to leverage Amazon Connect for scalable and
secure customer engagement.
- Cloud
Services: Adding
AWS and Azure practices complement NWN's existing cloud communication and
infrastructure offerings, accelerating our ability to deliver secure,
scalable, and tailored cloud solutions to enterprise and public sector
customers. This strategic alignment expands our service portfolio and
strengthens our position as a leading provider of end-to-end cloud
lifecycle services across hybrid and multi-cloud environments.
- Intelligent
Infrastructure Capabilities Expansion: Bringing the new Cisco AI-Ready Infrastructure
Specialization and expanding capabilities in strategic geographies.
- Advanced
Cybersecurity Solutions:
Gaining strategic software and services capabilities required to secure
the modern workplace including threat intelligence integration, endpoint
protection, and enhanced incident detection and response.
Jonathan Lerner, President & CEO at
InterVision commented: "NWN's commitment to innovation, clients, and employees
align with our core values and culture, making them the ideal partner to guide
organizations through every stage of cloud and AI adoption in today's dynamic
technology landscape. I extend my gratitude and thanks to InterVision
employees, Jim Sullivan, our investors at MidOcean Partners, and American
Securities."