IT Service Alliance (ITSA) Secures Funding to Accelerate Acquisitions of IT Services Businesses With Focus on Critical Infrastructure

Published on
August 29, 2024
Denver, CO — IT Service Alliance (ITSA), a majority founder and employee-owned IT Services Platform, is excited to announce the successful completion of an undisclosed equity and debt fundraising round. The funds will be exclusively deployed to acquire IT services businesses that specialize in servicing critical infrastructure environments, particularly in the industrial, healthcare, government, and financial sectors.
This latest round of funding underscores ITSA’s commitment to expanding its presence in industries where secure, reliable IT infrastructure is paramount. With this capital, ITSA aims to target IT services assets with specialized knowledge in critical IT environments. By integrating with these companies, ITSA will continue to build its reputation as a trusted partner for organizations requiring 24x7x365 support, remote system administration, and robust IT infrastructure monitoring and management.
“We are excited to begin our journey to build a leading IT Services platform that provides mission critical services to help their customers around the country manage and optimize their IT infrastructure,” said Graeme Hewett, CEO of IT Service Alliance. “IT is becoming a more essential part of business operations and continually becoming more complex, creating a real need for expert, outsourced services. We aim to use this capital to invest in both organic and inorganic opportunities to create a differentiated product suite to add more value to our customers and partner companies.”
As part of this strategic expansion, ITSA is honored to welcome Donald (Don) Doctor as a key advisor. Don is a seasoned IT Services executive with over three decades of experience. He previously served as CEO of Systems Maintenance Services (SMS), where he led the company to a successful $600 million sale and merger with Curvature. Don also held the role of Executive Chairman at Compucom, which was sold to Office Depot for $1 billion. Currently, he is a Partner at Cramer Mountain Growth Partners, focusing on investments in software and technology-enabled services.
“ITSA’s mission is to empower organizations in critical industries with the highest level of IT service and support,” added Nadim Muzayyin, Co-Founder & President of ITSA. “With this funding round, we welcome investors and operators who have built quality assets in the IT Services industry and it is a testament to the confidence our backers have in our vision and strategy. We are committed to investing in the best talent and technology to ensure our customers can rely on us to keep their IT environments secure, compliant, and operational. We also are focused on building a partnership where everyone is a co-owner in our growth. Our employee ownership plan ensures that all employees under the IT Service Alliance banner are true owners who can benefit from scale. This allows for high accountability, vision alignment, and wealth creation for everyone in the organization.”
As ITSA continues its expansion, the company remains focused on its core values of employee ownership, innovation, and excellence in service delivery. ITSA aims to leverage its capital base to become a leading provider of IT Services, creating sustained value for our customers, investors, and employees over the long-term.
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