UPSTACK, a profitable, growing platform that transforms the buying experience for businesses seeking cloud and internet infrastructure solutions, announced it has acquired LanYap Networks, a woman-owned provider of strategic telecom and cloud solutions for medium and large businesses. Terms of the transaction were not disclosed.
UPSTACK’s acquisition of Phoenix-based LanYap Networks is part of the company’s strategy to accelerate the growth of its platform, which combines leading Advisor Partners with advanced technology, support resources and data.
In April, UPSTACK announced an initial $50 million equity investment from Berkshire Partners, which will enable the company to continue to scale its platform through technology expansion and partner acquisitions.
As part of the deal, LanYap Networks co-founders Angie Tocco and Laura Dashney (pictured) 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 more through the UPSTACK platform.
LanYap Networks was founded in 2011, but its history began a decade earlier when owners Dashney and Tocco became friends while working at Mitel. Named after the Cajun-French word lagniappe, meaning “a little something extra,” LanYap Networks’ owners focused on providing customers with an extra benefit – integrity. They handpicked subject matter experts to build a team of knowledgeable, trusted advisors.