NIC Partners: Now an Employee-Owned Company

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Employees and customers of technology service provider NIC Partners look forward to realizing the benefits of the company's transition from being a privately-owned corporation to an ESOP company.

2015 year is a monumental year for NIC Partners. The eight-year-old technology company took a big leap towards transitioning from a privately owned organization to an Employee Ownership program, commonly known as an “ESOP”. On February 6th, Network Integration Company Partners, Inc. Employee Stock Ownership Trust purchased 100% of NIC Partners, and the company is now 100% employee-owned. The transition will be officially celebrated by employees, partners, and friends of NIC Partners with a special kick-off event in July.

This change will benefit not only the company as a whole, but its employees and customers as well. Research has shown that after transitioning to an ESOP, companies realize a 2.7% increase of return on assets, and that company sales increase by 2.3 – 2.4% annually. This is certainly good news for NIC Partners.

What This Means for NIC Partners Employees
It’s always rewarding to be part of a team in which every member takes his or her role seriously and is committed to the organization as a whole. CEO Frank Spaeth explained, "As an ESOP, each employee owns a piece of the 'NICP pie,' which gives everyone an interest in what happens in the life of the company. Each individual attitude, business decision, and customer relationship has the potential to affect others, as well as the personal financial futures of the individuals."

As the company grows in value, the employees will enjoy the benefits of its growth. The longer an employee stays with NIC Partners, the more he or she will become financially vested in the company’s value. It has been shown that employees of ESOP companies have 2½ times more in their retirement accounts than their non-ESOP counterparts. This benefit will instill a greater sense of loyalty and commitment towards making NIC Partners better and more successful, and as a result, more profitable.

What This Means for NIC Partners Customers
NIC Partners has always viewed its people as their greatest asset and competitive advantage. NIC Partners is made up of hard-working, dedicated people who are good at what they do. Now, as employees begin to think and act like owners and take a more personal interest in making the company successful, those qualities should become even more evident to their customers. And when the customer is happy, it’s a win-win situation for everyone involved! NIC Partners will continue to do the right thing for the customer and to be relentless in the effort to provide them the solutions that best meet their technology needs. It’s true that NIC Partners is growing, which means they’re big enough to handle any IT challenge; yet they’re still small enough to really care about their customers.

NIC Partners is a Western US Regional Network Integrator focused on the convergence of IP technologies in Unified Communications, Physical Security, Wireless LAN and 21st Century Classrooms. With contracting licenses and a self-implementation philosophy, NIC Partners creates long-term partnerships and business impact for our customers. NIC Partners is a Cisco Gold Partner.

For More Information, Please Contact:
NIC Partners
11981 Jack Benny Drive, Suite 103
Rancho Cucamonga, CA 91739

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