ConnectWise, the Tampa-based software provider that was acquired in a massive deal for over $1 billion, isn't done growing.
The company, which was acquired by Thoma Bravo in February and created 70 millionaires, acquired Boston-based Continuum on Wednesday. Continuum, a former competitor of ConnectWise, is also owned by Thoma Bravo.
“This is a revolutionary play, making ConnectWise the epicenter for everything from business management and documentation ... while also making it much easier and more efficient for partners to work with the technology suppliers they have in their stacks,” Jason Magee, CEO of ConnectWise, said in a statement.
The deal was completed at an undisclosed amount and also marks the retirement of Continuum's CEO Michael George.
“Our two organizations complement each other perfectly, and the journey Continuum has been on for the past eight years have led to this transformational merger," George said in a statement. "The future opportunities for (managed service providers) are extraordinary, and this combined platform empowers them to capture and capitalize on it.”
This is one of three deals announced by ConnectWise on Wednesday, which also acquired Texas-based ITBoost. ConnectWise will use ITBoost's IT documentation tool, allowing companies to identify, visualize and standardize data.
"We believe ITBoost is the one IT documentation platform that truly brings everything together for MSPs, and we’re excited to become part of the ConnectWise product platform,” Ali Peracha, co-founder of ITBoost, said. “ITBoost and ConnectWise are a powerful combination."
And ConnectWise is also partnering local with Tampa-based Webinfinity. The company will provide online partnership management profiles.
