Managed services News
Sourcepass Acquires Microsoft Dynamics Specialist Infinity Computer Systems
Joseph F. Kovar
‘We got into this acquisition because we really listen to our clients. They love us for our cybersecurity and other IT services and have come to us for overall digital transformation support, specifically looking for CRM, ERP and Business Intelligence solutions. To fulfill this need and knowing they are Microsoft customers we quickly sought out a highly certified partner - that’s when Infinity got on our radar,’ says Sourcepass CEO and Founder Chuck Canton.
IT managed services provider Sourcepass this week expanded its Microsoft practice with its fifth MSP acquisition in under a year, this time purchasing Microsoft Dynamics 365 expert Infinity Computer Systems.
Sourcepass is an IT services and security services provider to small and midsize businesses with up to around 2,000 users. The MSP uses proprietary software and AI to make its support capabilities highly competitive, and offers a broad array of digital tools, said Chuck Canton, CEO and founder of the New York-based company.
Infinity Computer Systems is a Microsoft Dynamics integrator and service provider with clients across multiple industries who use Dynamics as their ERP (enterprise resource planning), CRM (customer relationship management), or business intelligence tools, Canton told CRN.
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“We got into this acquisition because we really listen to our clients,” he said. “They love us for our cybersecurity and other IT services and have come to us for overall digital transformation support, specifically looking for CRM, ERP and Business Intelligence solutions. To fulfill this need and knowing they are Microsoft customers we quickly sought out a highly certified partner - that‘s when Infinity got on our radar.”
Sourcepass and Infinity Computer Systems had no common clients prior to the acquisition, Canton said.
“So that means cross-sell opportunities for us,” he said. “Their clients need managed security services, and ours need Microsoft Dynamics.”
Sourcepass first learned about Infinity Computer Systems from an executive from Sourcepass’ first acquisition, NST, Canton said.
“Infinity had a relationship with NST,” he said. “When he first heard that our customers were looking for ERP and CRM support, the NST leadership remembered that partnership and reconnected with Infinity.”
Canton declined to discuss the dollar value of the acquisition. However, he did say Infinity Computer Systems was profitable, and is bringing Sourcepass over 40 FTEs (full-time equivalent employees) and contractors and over 230 clients including businesses in the healthcare, manufacturing, financial services, and media industries.
Notable clients include New York-based Ladder Capital Finance, Prospect Capital, and sightseeing and transportation company Twin America, all based in New York, as well as Norway-based DNB Bank.
Infinity Computer Systems is Sourcepass’ fifth acquisition in 2022.
“We anticipate another acquisition in a week or two, and one more by the end of the year,” Canton said. “That will make seven this year.”
Sourcepass was founded with a plan to acquire MSPs, and started on March 1 of this year with the acquisition of Network Solutions and Technology (NST) with debt equity funding from Metropolitan Partners Group along with investment from angel investors and Wedge Venture Partners.
The company followed that acquisition a few days later with the acquisition of Suite3, an Easthampton, Mass.-based IT services and IT consulting company.
Sourcepass in July unveiled the acquisition SSD Technology Partners and Total Technology Solutions.
Sourcepass does not have private equity funding, but it does have some venture funding, entrepreneur funding, and institutional funding via New York-based Metropolitan Partners Group, Canton said.
“Metropolitan gives us the ability to do what we need,” he said. “No investor has a majority stake in Sourcepass.”