SOURCE: Technology Capital Investors

Technology Capital Investors

February 13, 2012 08:00 ET

Technology Capital Investors Acquires IT Security Firm Savid Technologies

MSP Investment Firm Expands IT Services Portfolio; Previews Plans to Launch New Cloud Security and Compliance Practice in North America

NEW YORK, NY--(Marketwire - Feb 13, 2012) - Executing against its vision to successfully partner with, empower and profitably grow local and regional MSPs, Technology Capital Investors (TCI), a specialized IT services investment firm, announced today it has acquired Savid Technologies Inc., a well established security consulting firm and managed service provider (MSP) with operations based out of Chicago.

Under the terms of the agreement, Savid Technologies will join TCI's national portfolio of high-performance MSP partners. The successful MSP will keep its company brand, associates and executive leadership including industry renowned cloud security expert, author of Hacking Exposed, and CEO of Savid Technologies Michael A. Davis.

As part of TCI, Michael Davis will continue to run the day-to-day operations of the business, and serve as the leadership behind TCI's new suite of managed security and compliance services which is scheduled to launch in Q1 2012.

"Savid Technologies is a strategic partner acquisition that will play an integral role in TCI's growing family of MSP brands, and become the central hub for our new North America security and compliance practice," says Sam Attias, managing partner, TCI. "Working as a team, TCI and Savid Technologies will bring to market a fully integrated security offering that our partners can market and sell to their clients."

"TCI is on the cutting edge of technology and fast becoming a driving force within the IT industry," says Davis. "Sam and his team have a true understanding of client IT needs, and have the right vision and plan around the future of the marketplace."

"We're pleased to join the TCI family and extend our security and compliance skill set into a nationwide team that will help shape the IT industry and accelerate adoption of cloud computing by offering proven security and compliance services to enterprise and SMB clients," concludes Davis.

For more information on TCI, visit www.techcapinvestors.com.

About Savid Technologies, Inc.
Savid Technologies, Inc. provides specialized IT consulting services nationwide. The firm's expertise and experience runs broad and deep with clients ranging from small businesses consisting of no more than three people to Fortune 500 companies, as well as high-profile government and military agencies. Savid's primary IT services include IT security audits, outsourced IT for small to midsize businesses and compliance services. www.savidtech.com

About Technology Capital Investors
Technology Capital Investors (TCI) has helped MSPs and hosting companies successfully grow their businesses by partnering with them and establishing a profitable and scalable business model that includes cloud-based IT services and specialized market expertise. TCI also invests in cloud and SaaS based solutions that enable the delivery of IT services to end clients. www.techcapinvestors.com

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