#USA #New York #GenNx360 #ITsavvy #Xerox

GenNx360 Capital Partners Completes Sale of ITsavvy

In a significant move in the technology services sector, GenNx360 Capital Partners, a private equity firm based in New York, has successfully concluded the sale of its portfolio company, ITsavvy LLC, to Xerox Holdings Corporation for a substantial $400 million. This transaction underscores GenNx360's commitment to fostering growth and innovation in the technology industry, marking its inaugural investment in this dynamic field.

ITsavvy, headquartered in Oak Brook, Illinois, is well-respected for its comprehensive IT infrastructure solutions that enable smoother operational processes for businesses. With a strategically designed focus on delivering technology infrastructure solutions, it has been instrumental in accelerating business outcomes for its varied clientele.

Throughout GenNx360's investment tenure, ITsavvy demonstrated remarkable organic growth, not just through its expansive existing services but also by completing a key acquisition of an AIOps-enabled managed service provider. This move not only diversified its service offering but also significantly bolstered its profitability, thanks to a number of effective margin enhancement initiatives. The strategic emphasis on service optimization played a pivotal role in enhancing the overall value proposition of the company.

Moreover, under the guidance of GenNx360, ITsavvy embarked on an ambitious AI and Intelligent Automation strategy, which included the rollout of an AI-focused offering aimed at better addressing client needs while refining internal operational efficiencies.

“The completion of this deal is a key victory for both ITsavvy and GenNx360. The company has experienced phenomenal transformation and growth over the last couple of years under the exceptional leadership of Munu Gandhi and his team,” remarked Ron Blaylock, the founder and managing partner at GenNx360. “Their relentless dedication and collaboration have been central to ITsavvy's success, and we are confident that it will continue to flourish as part of Xerox.”

ITsavvy's CEO, Munu Gandhi, echoed these sentiments, acknowledging GenNx360's invaluable support and insights during the partnership. “We are thrilled to join forces with Xerox, a storied global brand, and are excited to contribute to their forthcoming growth phase.”

Xerox's President and COO, John Bruno, articulated that the acquisition of ITsavvy aligns with their goal of enhancing emerging IT Services capabilities, indicating that the merger will unlock new opportunities across vital markets and client engagements.

The sale was supported by legal advisories from Loeb & Loeb and Greenberg Traurig, which facilitated the transaction process effectively.

About ITsavvy LLC

Founded in 2004, ITsavvy has positioned itself as a leader in providing IT infrastructure solutions. Its broad range of value-added reselling capabilities ensures that clients receive robust and effective IT solutions to meet their varied business needs. For more details, visit www.itsavvy.com.

About GenNx360 Capital Partners

GenNx360 Capital Partners is dedicated to acquiring and enhancing middle-market services and industrial companies. With a focus on sustainable business models in growing industries, GenNx360 aims to implement growth initiatives that foster profitability and financial success. Established in 2006, the firm continues to expand its footprint in New York City, championing innovative partnerships and operational excellence. Visit www.gennx360.com for more insights.