UPSTACK, the platform that transforms the way businesses design and select internet infrastructure solutions, announced it has acquired two more companies, DVP Technologies and Subsidium Technologies Inc.
DVP is a Connecticut-based provider of communications solutions and consulting. Subsidium is a telecommunications agency specializing in communication, network connectivity, cloud and collaboration technology. Terms of the transactions were not disclosed.
UPSTACK’s acquisition of these companies is part of the company’s strategy to accelerate the growth of its platform, which combines internet infrastructure advisors with proprietary software and support resources.
DVP’s co-founders and Managing Partners Thomas Luciano and Michael Rafferty (pictured) and Subsidium’s CEO John Bova and COO Ed Degenhart will join UPSTACK as Partners and Managing Directors along with DVP Director of Operations Eric Nygard and additional members of the Subsidium team.
“Over more than two decades, Thomas Luciano and Michael Rafferty have built a successful network and cloud infrastructure agency with marquee clients in the financial, legal, health care and commercial real estate markets,” said Christopher Trapp, CEO of UPSTACK.
He continued, “Subsidium has delivered technology solutions to businesses for two decades with a concierge approach that’s a perfect match with UPSTACK’s vision for helping businesses more successfully source technology solutions that work for their specific needs.”
Luciano and Rafferty started their telecom careers at Cable & Wireless in the ‘90s, and each left the company to form his own telecom sales agency. As individual agents, they partnered on many projects and, in 2000, formed DVP Technologies to grow their books of business together.
DVP provides business customers with networking, data and cloud solutions, including contact center as a service (CCaaS), unified communications as a service (UCaaS), Ethernet WAN, SD-WAN, virtual desktops, desktop as a service (DaaS) and managed hosting. With proximity to Wall Street, DVP supports many financial and legal firms and works primarily with large enterprises.
Subsidium Technologies was founded in 2002 by Degenhart and Bova to provide customized telecom and technology solutions to regional and national clients. Bova, then an experienced telecom sales rep at Cable & Wireless and Worldcom, formed an agency in 1995 before teaming up with Degenhart, who sold IT solutions for vendors, such as Qwest Communications and IKON Technology Services. The pair worked on the same client accounts and found they shared a similar vision for providing customers with unmatched expertise and service.
For more information about the UPSTACK Advisory Partnership, visit upstack.com/for-advisors or contact partners@upstack.com.
