#United States #Acquisition #Salt Lake City #Nexus IT #Damon Technology

Nexus IT Expands Its Horizon with Damon Technology Solutions Acquisition

In a significant development within the managed IT services sector, Nexus IT, a prominent national provider of IT, Cloud, Cybersecurity, and Compliance Services, has completed its acquisition of Damon Technology Solutions (commonly known as DamonTeK). This strategic move not only underscores Nexus IT's rapid growth trajectory but also enhances its capabilities to effectively serve clients in regulated industries, particularly healthcare and finance.

Based in Central Phoenix, Arizona, DamonTeK has built a reputation for delivering high-touch IT services tailored to the unique challenges of regulated markets. As Nexus IT embarks on this new chapter, the integration of DamonTeK's skilled team and client base into its existing national framework will enable Nexus to offer superior support, robust cybersecurity measures, and compliance-driven solutions.

The Significance of the Acquisition

This acquisition marks a pivotal addition to Nexus IT's growth strategy, being their ninth successful deal. With aspirations to become one of the top Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) in the U.S., Nexus IT is focusing on expanding its footprint in key states and industries where compliance and security are paramount.

Earl Foote, the Founder and CEO of Nexus IT, expressed his enthusiasm about this acquisition, highlighting the alignment of values and vision with DamonTeK. Foote stated, “Ken and the DamonTeK team have built a strong, client-first organization with a reputation for trust and execution in the Phoenix market. This acquisition enhances our ability to Elevate IT for growing organizations in the Southwest, and we are excited to welcome the DamonTeK team and their clients into Team Nexus.”

Conversely, Ken Staker, CEO of DamonTeK, reflected on the natural evolution of their firm through this partnership. He emphasized that the needs of their clients, especially in terms of national reach and cybersecurity expertise, made this acquisition a logical step forward for DamonTeK. Staker noted, “We are thrilled to build on the strong foundation we have established in key markets like healthcare and financial services and extend to our clients a whole new tier of capabilities and efficiencies while maintaining our personal touch and white-glove approach.”

Looking Ahead: Building on a Strong Legacy

Nexus IT, with its headquarters in Salt Lake City, Utah, boasts a track record spanning over 27 years. It has consistently delivered exceptional IT support coupled with cutting-edge cybersecurity and cloud services to clients operating under stringent regulatory environments across the United States. With the backing of a robust $60M growth facility from Metropolitan Partners Group, Nexus IT is well-positioned to continue its programmatic merger and acquisition strategy.

Damon Technology Solutions has made a notable impact in Arizona's IT landscape with its focus on personalized services and a substantial expertise within the healthcare and financial services sectors. As they become a part of Nexus IT's expansive national platform, clients can expect a seamless transition alongside enhancements in cybersecurity and compliance capabilities.

The synergy created through this merger is anticipated to not only elevate the quality of IT services available but also ensure that organizations operating within regulated industries receive the support they need to thrive in an increasingly complex technological landscape.

Conclusion

Nexus IT’s acquisition of DamonTeK represents a significant milestone in the ongoing evolution of managed IT services within the U.S. With a strengthened focus on compliance and cybersecurity, the two firms are set to redefine client engagement and support in vital sectors. By combining resources and expertise, Nexus IT is committed to delivering innovative, high-quality services to organizations navigating the intricacies of their respective industries. This strategic partnership illustrates not just growth for Nexus IT, but a beacon of security and reliability for clients in the critical areas of healthcare and finance.