ROCHESTER, N.Y.: #Cybersecurity--Brite, a leading provider of managed IT services and cybersecurity solutions backed by Sole Source Capital LLC (“SSC”), today announced the acquisition of Xobee Networks (“Xobee”), a Fresno, California-based provider of managed IT and cybersecurity services.

The acquisition broadens Brite’s platform and gives the company a significant operating presence on the West Coast. The combination will provide customers of both companies with access to an expanded range of managed services, security capabilities and technical resources. The transaction marks SSC’s second investment in the managed services sector.

For three decades, Xobee has delivered managed IT, cybersecurity, cloud and communications services to businesses of all sizes. The company designs, implements and manages technology environments that keep clients secure, efficient and ready to scale, with predictable costs and 24/7 support. The combined company pairs proactive IT management with cybersecurity services such as managed detection and response, security monitoring, compliance support, backup and disaster recovery.

“Xobee shares our belief that effective IT management and strong cybersecurity go hand in hand,” said Justin Smith, CEO of Brite. “Bringing our teams together deepens our security expertise, extends our reach to the West Coast, and creates new opportunities for our customers, employees and partners.”

“When I founded Xobee 30 years ago, my vision was to build a company that puts clients first, embraces innovation and delivers exceptional service,” said Eric Rawn, Founder of Xobee. “I’m proud of what our team has built and the relationships we’ve earned. Brite shares those values, and joining them gives our clients access to greater resources and security capabilities while preserving the high-quality service they rely on.”

About Brite

Brite is a trusted partner delivering integrated and scalable technology solutions that power safer, smarter, and more secure organizations and communities. Headquartered in upstate New York, Brite has satellite branches nationwide. Originally founded in 1983, Brite expertly leverages industry-leading technologies and solutions within IT services, cybersecurity, and public safety technology. For more information, please visit www.brite.com.

About Sole Source Capital

Founded in 2016 by David A. Fredston, Sole Source Capital is a private equity firm that thematically invests in fragmented, high-growth industrial subsectors. Sole Source seeks founder-owned businesses or corporate carve-outs that will benefit from the team’s operating and M&A capabilities. The Firm has a strong operating heritage that enables it to execute a buy-and-build strategy with significant downside protection. The Firm is headquartered in Dallas, Texas, with offices in Santa Monica, California. For more information, please visit www.solesourcecapital.com or contact investor.relations@solesourcecapital.com.

Fonte: Business Wire