#United States #Michigan #New Charter Technologies #Oval Partners #NetSource One

New Charter Technologies Expands Its Reach with NetSource One

In a significant development, New Charter Technologies has recently embraced NetSource One, a trusted technology solutions provider operating out of Michigan. As a portfolio company under the auspices of Oval Partners, a private equity firm based in Palo Alto, New Charter seeks to deepen its foothold in regulated industries through this alliance.

Founded in 1999, NetSource One has carved a niche for itself over nearly three decades, offering solutions that have addressed the real-world IT challenges faced by its diverse clientele. This partnership brings in over 700 clients from sectors such as healthcare, finance, government, education, legal, manufacturing, and distribution. With a growing team of more than 75 dedicated employees now part of the New Charter community, the merger promises to enhance service offerings.

During the announcement, Andy Skrzypczak, the president of NetSource One, expressed that the decision to join forces with New Charter was heavily influenced by a desire to maintain their foundational values rather than merely seeking growth. "We evaluated several options, but many of them seemed to require compromises that we were unwilling to navigate. Our aim was to preserve our identity, maintain team cohesion, and protect our existing client relationships. New Charter provided that unique blend of support without jeopardizing our core principles," stated Skrzypczak.

One of the standout aspects of NetSource One is its vast experience in navigating strict regulatory environments. The company is already well-versed in maintaining SOC 2 Type II and HIPAA compliance, and it possesses CJIS authorization, a vital credential enabling its engineers to assist law enforcement and criminal justice systems. For NetSource One, preserving their operational independence was non-negotiable when exploring partnerships.

Ed French, NetSource One’s vice president, emphasized the importance of their compliance posture being deeply ingrained in everyday operations. “It’s not just a checklist; our compliance protocols are interwoven into our operations, the training of our teams, and the overall service we provide to our clients. From the outset, New Charter acknowledged this vital aspect. We can retain our existing certifications and compliance while also enjoying the benefits of shared strategies and advanced services provided across the New Charter platform,” asserted French.

Cultural compatibility between the two entities played a crucial role in the decision-making process as well. French recounted how both parties engaged in forthright discussions. "We raised many challenging questions regarding operations and strategies. What resonated with us was the transparency and honesty we encountered. There was no rush to downplay concerns. That level of openness indicated that New Charter was a place where we would feel at home and able to bring value,” he remarked.

The merger reflects New Charter Technologies’ strategic vision to fortify its expertise in tech solutions tailored for organizations that prioritize compliance and security, continuing a trajectory that emphasizes reliability and innovation. With this new integration, the tech landscape is set to witness an elevation in the quality and scope of services offered to clients facing rigorous regulatory requirements, ensuring that both companies harness their combined strengths effectively. By attracting a significant player like NetSource One, New Charter Technologies reinforces its position as a leader in the market – one committed to protecting client interests while driving technological advancements.

In summary, the assimilation of NetSource One into New Charter Technologies is not just a merger; it marks the beginning of a new chapter focused on enhancing customer service and operational excellence in security-centric industries. As these two organizations align their visions, the potential for growth and innovation appears limitless, setting a benchmark for future endeavors in technology services.