UPSTACK Acquires Leading Technology Services Agency Subsidium Technologies

UPSTACK Acquires Leading Technology Services Agency Subsidium Technologies

“Subsidium has been providing technology solutions to businesses for two decades with a concierge approach that perfectly aligns with UPSTACK’s vision to help businesses more successfully find technology solutions that meet their specific needs.”

UPSTACK, the rapidly growing platform transforming the way enterprises design and select Internet infrastructure solutions, today announced the acquisition of Subsidium Technologies Inc., a leading telecommunications agency specializing in communication, network connectivity, cloud and collaboration technology. Terms of the transaction were not disclosed.

UPSTACK’s investment is part of the company’s strategy to expand its industry transformation platform, which combines leading cloud and internet infrastructure advisors with proprietary software and support resources . Building on an earlier capital investment from Berkshire Partners, UPSTACK recently secured $100 million in funding from MidCap Financial and Morgan Stanley Private Credit to scale its platform through technology expansion and investments from strategic partners.

Subsidium CEO John Bova and COO Ed Degenhart will join UPSTACK as partners and managing directors along with other members of the Subsidium team.

“Subsidium has been providing technology solutions to businesses for two decades with a concierge approach that perfectly aligns with UPSTACK’s vision to help businesses more successfully find technology solutions that meet their specific needs,” said Christopher. Trapp, CEO of UPSTACK. “We are proud to welcome John Bova, Ed Degenhart and the Subsidium team to the UPSTACK family.

Subsidium Technologies was founded in 2002 by Degenhart and Bova to provide highly customized telecom and technology solutions to regional and national customers. Bova, then an experienced telecommunications sales representative at Cable & Wireless and Worldcom, started an agency in 1995 before partnering with Degenhart, which sold IT solutions for vendors such as Qwest Communications and IKON Technology Services. The pair worked on the same client accounts and found they shared a similar vision to provide clients with unparalleled expertise and service.

“We wanted to provide the best solutions for clients instead of working within the confines of our employers’ departments,” Degenhart said. “As independent agents, we had the versatility and diversity of vendors to create custom packages for our clients.”

“Ed and I started this business with a dream of achieving success while providing the best possible service to our customers,” Bova said. “We are delighted to continue this adventure with UPSTACK, which shares a common vision of exemplary service and continuous growth. UPSTACK has earned an excellent national reputation and we are proud to be part of the team.

For more information about the UPSTACK Advisory Partnership, visit upstack.com/for-advisors or contact [email protected]

About Subsidium Technologies

Subsidium Technologies Inc., headquartered in Clifton Park, NY, is one of the nation’s leading technology services agencies helping clients purchase, design, implement and manage reliable and affordable communications networks. As a single resource for all major network service providers, Sudsidium supports customers through selection, design, project-managed implementation, and unparalleled support. Subsidium, through a portfolio of over 40 service providers, offers best-in-class solutions designed to meet the needs of businesses in a variety of industries. Please visit http://www.subsidiumtech.com for more information.

About UPSTACK

Launched in 2017 in New York, NY, UPSTACK is transforming the way cloud and internet infrastructure is bought and sold. With a powerful combination of industry-leading advisors, cutting-edge technology, and dedicated customer support resources, UPSTACK uses actionable business intelligence to design and find custom technology solutions for businesses of all sizes. With UPSTACK, business buyers streamline IT procurement by tapping into a single source of critical technology services from hundreds of proven vendors, plus professional guidance to identify and evaluate the best solutions. UPSTACK’s service portfolio includes colocation and data center, network connectivity, SD-WAN, unified communications, cloud contact center, private and public cloud, security, mobility, business continuity activities and the IoT. For more information, visit us at upstack.com.

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