Investment Also Includes Strategic Partnership for Hardware Services
NEW YORK, March 6, 2023 /PRNewswire-PRWeb/ -- UPSTACK, the fastest-growing advisory platform for digital infrastructure, announced today that it acquired the network and cloud sourcing business of LinkSource Technologies LLC, a technology management company based in Roseville, California. Additionally, UPSTACK has formed a strategic partnership with LinkSource's technology hardware sourcing business. The terms of the transaction were not disclosed.
LinkSource CEO and Founder Curt Lewis and President Jason Newbold remain invested owners in LinkSource Technologies and will continue to grow the hardware sourcing business as LinkSource Systems. LinkSource Systems seeks to reinvent the hardware sourcing business and will work with UPSTACK to provide a seamless experience for its customers as part of a new strategic partnership.
Since 1998, LinkSource has helped businesses bridge the gaps in their technology as trusted consultants in telecom, cloud and hardware procurement and management. With millions of dollars in annual technology spend under management, LinkSource Technologies provides network and cloud sourcing as well as managed services, such as telecom expense management (TEM), mobility management, vendor management and bid management.
In 2019, LinkSource was named an Intelisys Platinum Plus Partner, reaching $1.5 million in monthly recurring revenue.
"Curt and Jason have built LinkSource into a unique and impactful technology management business that combines a traditional commissioned agency with a direct-billed managed services provider," said UPSTACK Founder and CEO Christopher Trapp. "The combination has earned loyal customers among some of the most well-known enterprise brands. We're excited to bring those capabilities and customers under the UPSTACK umbrella."
LinkSource's leaders Kelley Moore, Vice President of Client Services & Operations, and Frank Mastro, Vice President of Sales, and additional LinkSource team members will join UPSTACK. Moore and Mastro played a significant role in the LinkSource technology services business for many years, while Lewis and Newbold diversified the company's interests into technology hardware sales.
"We're excited about our partnership with UPSTACK, which has the wherewithal to help LinkSource Technologies in its next phase of growth," said Newbold. "UPSTACK has the resources to serve the growing needs of our global customers as well as provide greater career opportunities for our employees."
"We were approached by other investors, but it quickly became clear to us that UPSTACK was the best fit for our business and employees," said Lewis. "It came down to the people they have on board, what they're building and their business philosophy. It wasn't just the dollar figure; we wanted a go-forward plan for growth and opportunity, and UPSTACK delivered."
"The LinkSource team is excited to join the UPSTACK family," said Moore. "With UPSTACK's dedicated customer experience resources and extensive knowledge in the telecommunications, infrastructure and cloud space, we can better support our customers and their growing needs."
For more information about UPSTACK's agency investment program, contact [email protected].
About LinkSource Technologies
Established in 1998, LinkSource Technologies provides strategic and advisory services for telecom, cloud, networking and bid management. LinkSource manages millions of dollars in annual client IT spend for some of the most recognized enterprise and government organizations, helping clients meet their business goals through a comprehensive IT lifecycle management strategy. For more information, visit https://www.linksource.com/.
About UPSTACK
Launched in 2017 in New York, N.Y., UPSTACK is transforming the way digital infrastructure is sourced and sold. Through a powerful combination of the industry's leading advisory partners, advanced technology and dedicated customer experience resources, UPSTACK uses actionable business intelligence to architect and source customized technology solutions for businesses of all sizes. With UPSTACK, businesses of all sizes streamline IT architecture, procurement and ongoing management by tapping into a single source for mission-critical technology advisory services. UPSTACK's expertise includes colocation and data center, network connectivity, SD-WAN, unified communications, cloud contact center, private and public cloud, security, mobile, business continuity and IoT. For more information, visit us at upstack.com.
Media Contact
Khali Henderson, BuzzTheory (for UPSTACK), 480.999.5297, [email protected]
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