Channel programs News
Sirius Computer Solutions Officially Acquires Forsythe Technology, Creating $3B-Plus Nationwide Channel Powerhouse
Joseph F. Kovar
Sirius Computer Solutions Wednesday said it has closed its acquisition of Forsythe Technology.
Forsythe, which is San Antonio-based Sirius' seventh acquisition since 2014, initially will operate as a wholly owned subsidiary.
CRN in August first broke the news that Sirius, which said it has annual revenue of $2.2 billion, was in negotiations to acquire Forsythe, a $1-billion-plus solution provider. Sirius in September officially unveiled the then-planned acquisition, saying it would create a $3-billion-plus solution provider.
[Related: Sirius Inks Blockbuster Deal To Acquire Forsythe, Creating $3.26B Solution Provider Behemoth]
No financial details of the acquisition were disclosed.
The deal combines Sirius, one of IBM's top partners and No. 26 on the CRN 2017 Solution Provider 500 list, with Forsythe, No. 37 on the 2017 CRN Solution Provider 500, one of biggest security integrators in North America.
Sirius is owned by private equity, with Kelso & Co. scooping up the company for $830 million in September 2015. Its business focus includes cloud, analytics, mobility, security, IT infrastructure optimization and more.
Skokie, Ill.-based Forsythe has the unusual distinction of being 100 percent employee-owned. It specializes in advisory services, security, hosting, and technology solutions for Fortune 1000 organizations.
Sirius did not reply to requests for additional information by press time.
However, in a prepared statement, Sirius President and CEO Joe Mertens said his company is always looking for new and innovative ways to add value for its customers. "Combining forces with Forsythe provides an excellent growth opportunity for Sirius and its employees, while also helping us expand the depth of our solutions and services offerings for our clients—particularly where their data center and security needs are concerned," Mertens said.
Forsythe President and CEO Bill Brennan said in a prepared statement that growth is a necessary part of remaining agile in a constantly changing industry. "Sirius shares our passion for providing innovative solutions that help ensure our clients’ success, and I am confident this is the next logical step in our evolution—one that is truly a win-win for both companies, as well as our clients and our partners," Brennan said.
MICHAEL NOVINSON contributed to this story.