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Presidio to Buy Major Cisco Midwest Partner

Business Handshake merger

**Editor’s Note: Please click here for a recap of the biggest channel-impacting mergers in Sept.-Oct. 2015.**

Presidio, the Big Apple-based professional and managed services provider, has agreed to buy Netech, a top Cisco regional partner that primarily does business in several Midwestern states.

Netech is an IT services integrator with 11 offices and annual revenue of more than $300 million. The company offers design, integration, and optimization of data center and cloud, network and physical security, collaboration and enterprise networking services. Its customers come from a variety of industries that include government, education and health care. Netech has more than 430 employees and nearly 200 engineers who hold 1,200 technical certifications.{ad}

“Netech has had an exceptional growth record over 19 years, a proven track record of performance and is strongly aligned with our business model, our core competencies and our corporate values,” said Bob Cagnazzi, Presidio CEO. “The addition of Netech will provide Presidio with a well-established, high-performing team in an important geographic area where Presidio lacks scale, and a loyal client base that can benefit from our national offerings.”

“Culture is very important within our company and we feel that Presidio will continue to maintain that culture and value system,” said James Engen, Netech CEO. “… We see incredible opportunities combining our organizations. Presidio’s scale will enable this team to further grow and expand our offerings and create value for our clients.”

Netech says that Presidio’s cybersecuritycloud and IoT services complement its own offerings. The Engen family – owners Timothy and Ryan, and CEO James – are leaving Netech to pursue other interests. Co-owner Mark Wierenga will take over as president for Presidio’s North Central area.

This is the second significant acquisition for Presidio in just two months’ time. In November, it closed its purchase of Sequoia Worldwide to create a dedicated cloud practice.

Look for the Netech deal to close before the quarter is over. No financial details were released.

Follow senior online managing editor Craig Galbraith on Twitter.


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