Contingent Network Services has acquired Tampa-based IVANS Network Services, a non-healthcare business unit of Minneapolis-based ABILITY Network Inc.
The newly acquired business unit will operate as a wholly-owned subsidiary of Contingent under the IVANS name. It will generally be business as usual: all employees at IVANS Network Services will join the combined firm and remain in Tampa. Revenue for the privately-held firm is expected to exceed $50 million annually.
The company strengthens its market position as a carrier independent, enterprise WAN management provider for large, multi-site organizations. Contingent’s non-traditional approach has been optimized to support the unique WAN management and network integration service needs of large distributed, multi-site enterprises.
“The IVANS culture, capability and client portfolio directly align with Contingent’s high-growth WAN managed services business,” said Mark Stuhlreyer, president and CEO at Contingent. “While many traditional competitors are struggling with status quo approaches and often exit this business, we are increasing our commitment to delivering the highest quality network services available in the market.”
Contingent and IVANS has a channel partnership before, with Contingent offering network integration services via IVANS. The combined organization will result in “opportunities to leverage economies of scale” for all Contingent clients, the companies said.
Terms of the transaction were not released.