Atlanta, GA – April 30, 2014 – CHILDS Advisory Partners (“CHILDS”) served as the financial advisor to Nexus IS, Inc. (“Nexus”), in its recent sale to Dimension Data plc, a global provider of information and communications technology solutions and services. Founded in 2004 and headquartered in Valencia, California, Nexus is a privately-owned provider of advanced IT solutions that serves enterprises, mid-sized business and public sector clients. Nexus specializes in the education, retail, hospitality and healthcare industry verticals.
The acquisition of Nexus expands Dimension Data's operations in the U.S. by 40 percent and significantly increases the company's presence in the West, Southwest and Southeast regions of the country. As a result, clients will now have access to a deeper network of experts and a broader portfolio of solutions. Nexus has 19 offices in California, Nevada, Colorado, Arizona, Utah, Washington, Texas, Georgia, Florida and North Carolina.
Nexus CEO Deron Pearson said, “We are pleased to join the Dimension Data family. This acquisition is a fantastic milestone in the history of the company and a tremendous endorsement of our employees, as well as the excellent solutions and services that Nexus provides. I am very excited about the opportunity for our clients to tap into Dimension Data's solutions and services, particularly the opportunity for us to extend new cloud capabilities, IT outsourcing and additional managed services on a global basis.”
Mark Slaga, CEO of Dimension Data Americas, said, “Both organizations have a people-centric culture with a strong focus on delivering a great client experience. I am very excited to welcome 657 talented Nexus employees to the Dimension Data family. Together, the assets of both companies position Dimension Data as one of the leaders in the provision of services and solutions in the ICT sector across the U.S. Nexus brings a rich set of services and solutions to the Group, particularly in the data center, collaboration, enterprise networks, security and cloud spaces. In addition, there's minimal overlap of geographies and clients, which strengthens Dimension Data's presence across the Americas.”
Don Holbrook, Managing Director of CHILDS Advisory Partners, commented, “Nexus was one of the top privately held firms in the Cisco ecosystem and has experienced great growth in the past 10 years. The transaction made a lot of sense given the synergies and very similar values between the firms. ”
Nexus IS, Inc.’s sale to Dimension Data was effective as of April 23, 2014.
About Dimension Data
Founded in 1983, Dimension Data plc is an ICT services and solutions provider that uses its technology expertise, global service delivery capability, and entrepreneurial spirit to accelerate the business ambitions of its clients. Dimension Data is a member of the NTT Group.
About Nexus IS
Based in Valencia, CA, Nexus leverages its extensive experience and expertise to enable organizations to Connect, Collaborate and Create. They do this by providing expertise in end-to end technology solutions based on eight distinct connected solutions: Collaboration, Enterprise Networking, Security, Mobility, Data Center, Cloud, Consulting Services, and Managed Services. Nexus partners with industry leaders including Cisco, EMC, VMware, Citrix, NetApp, Apple and Microsoft to ensure its customers are provided the most comprehensive and competitive solutions. Nexus serves the private sector, from small business to the Fortune 500; and the public sector including local, state, and federal government.
About CHILDS Advisory Partners
CHILDS Advisory Partners provides exceptional investment banking services to high‐performing business services and technology companies. Our unique combination of global sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 450 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker‐dealer.
For further information please contact:
P: (404) 751-3000
F: (404) 751-3001
CHILDS Advisory Partners
3438 Peachtree Road NE
Atlanta, Georgia 30326
“We are fortunate to have a strong team of smart, driven professionals who won’t settle for less than the best. It’s that drive that high-growth clients and private equity firms count on for results over the long-term.”
—Jim Childs, Founder
CHILDS Advisory Partners