UPSTACK, a platform that transforms the architecture and sourcing experience for businesses seeking cloud and internet infrastructure solutions, announced it has acquired idea! Communications Group Inc., a network and IT consulting firm that specializes in solving technology problems for medium and large enterprises and MOC4 Consulting LLC, a technology advisory firm specializing in secure networking. Terms of the two transactions were not disclosed.
The acquisitions of the Colorado-based ideal Communications Group and the California-based MOC4 Consulting are part of UPSTACK’s strategy to accelerate growth of its platform, which combines internet infrastructure advisors with proprietary software and support resources.
This strategy is supported by a $50 million equity investment from Berkshire Partners, announced in April, which enables UPSTACK to continue to scale its platform through technology expansion and partner acquisitions.
As part of the deals, idea! Communications Group co-founders David Garrick and Frank Ferdowsian will join UPSTACK as partners and managing directors, as well as true equity stakeholders. They also will serve as advisors to business customers that are sourcing data center, colocation, cloud, network connectivity and other technology solutions through the UPSTACK platform. And, MOC4 Consulting’s founder Daniel Mocny will become an UPSTACK partner and true equity stakeholder. Mocny will continue to advise business customers that are sourcing data center, colocation, cloud, network connectivity and more through the UPSTACK platform.
UPSTACK CEO Christopher Trapp (pictured) said, “idea! Communications Group is a welcome addition to the UPSTACK team. David and Frank built a thriving business on doing what’s right for their customers. Their ‘customers-before-company’ mindset backed by tenured experience designing complex network, communications and IT solutions will help drive UPSTACK’s success going forward.”
He added, “We’re [also] excited to welcome MOC4 Consulting to the UPSTACK family. In addition to his long experience delivering complex multi-vendor network solutions, Daniel’s competitive spirit and team-first mentality are sure to drive growth for the entire UPSTACK team.”