Presidio Buys BlueWater
On Leap Day 2012, Presidio confirmed it had acquired BlueWater Communications Group, and that BlueWater's CEO, Bob Cagnazzi, would become CEO of Presidio. The monster solution provider had been without a permanent CEO since the departure of Joel Schleicher last year, and Cagnazzi goes from management of a roughly $250 million company to a roughly $2 billion one.
"We felt we needed to be better positioned over the next few years to build managed and cloud-based services, and we needed the type of size and scope they have to fast-track those investments. It's been very well received by our employees and clients," Cagnazzi told CRN.