On January 4, IT managed service provider Integris announced that it has purchased San Angelo-based CalTech, a community-banking-focused IT managed service provider with offices in Texas and Kansas. This marks Integris’ third acquisition in less than six months, accelerating tremendous growth for the company and its national footprint. With CalTech, Integris now has more than 20 offices in 10 states with nearly 700 employees.
“We are excited about this merger for many reasons, but the first being the alignment of values and reputation,” says Will Welch, CEO of CalTech. “With Integris, we will build a national community banking practice with top quality service, security and premium offerings for new and existing clients.”
According to Welch, CalTech was interested in joining forces because of Integris’ growing and expansive national platform and people-focused values. For community banking clients, Welch says the partnership means increased offerings in cybersecurity and business intelligence, as well as new layers of regulatory advice and compliance consulting. Integris leaders say the merger will allow them to leverage CalTech’s expertise to establish a national focus on servicing the community banking industry.
“The timing for this merger could not be better,” notes Rashaad Bajwa, CEO of Integris. “Managed IT services are getting more complex and CalTech’s reputation in the community banking space allows Integris to build on and expand best-in-class operations to build a national community banking practice.”
Backed by private equity firm Frontenac, Integris is actively looking for additional managed service providers to acquire.