Cagnazzi’s Big IT Bets To Drive Growth In 2022
Solution provider powerhouse Presidio is placing some huge IT bets next year around vendors including Amazon Web Services, Cisco and Apple, along with some potential acquisitions and new offerings to boost its red-hot cloud and security businesses.
Thanks to the foresight of longtime CEO Bob Cagnazzi, the $3.1 billion New York-based channel star is growing services sales and digital transformation projects at a blistering pace as the global COVID-19 pandemic has accelerated many customers’ IT transformation plans.
“Security services and solutions is a $700 [million] to $800 million business for us. Our cloud business, which includes our cloud professional managed services and partnerships with folks like AWS, that business is probably a $500 [million] to $600 million business and growing at 30 percent to 40 percent a year for us,” said Cagnazzi, whose company ranks No. 22 on CRN’s 2021 Solution Provider 500 list. “Then there’s the classic legacy infrastructure, which is really now software-defined, it’s automated and it’s orchestrated. It’s taking a look at that massive technology debt or legacy technology and being a true business partner to clients in helping them—through their digital and business transformation initiatives—transform that infrastructure and that platform across the physical layer and really up through the application layer.”
In an interview with CRN, Cagnazzi details some of Presidio’s biggest vendor, technology and sales growth bets looking ahead into 2022. Forward-looking solution providers, take note.