NEW YORK | CHICAGO | BOSTON | JUNE 15, 2020 – PrivoIT LLC (‘Privo’), a leading Premier Amazon Web Services (‘AWS’) Consulting Partner, announced that it was acquired by Navisite, a portfolio company of Madison Dearborn Partners. This acquisition will expand and enhance Navisite’s AWS and cloud services across a broad range of capabilities, from cloud assessment and planning through migration, cost optimization and managed DevOps.
Drake Star Partners acted as exclusive financial advisor to Privo and its shareholders on this transaction.
Privo is a Boston-based AWS Premier Consulting Partner with proven expertise in cloud automation, managed security, DevOps and compliance. Privo partners with customers in the SaaS, Life Sciences and Financial Services industries and delivers a service portfolio that is designed to align with its customers’ cloud adoption journey, encompassing the planning and preparation phase through migration, managed services, and continuous modernization.
“Privo’s market reputation as an APN Premier Consulting Partner and highly skilled, certified experts are the perfect complement to our AWS practice and overall managed cloud service portfolio,” said Mark Clayman, CEO at Navisite. “With this acquisition, we’ll be able to deliver greater breadth and depth of services to help organizations migrate to the cloud, lower costs and accelerate their IT transformation. We’re excited to welcome Privo’s team to Navisite and look forward to what our combined capabilities will bring to the market and our customer base.”“We are excited to join Navisite and take our business to the next level,” said Nick Underwood, co-founder at Privo. “The synergies between our organizations make this a perfect fit in terms of technical capabilities as well as strategic vision and culture. Navisite brings strategic support and a broad portfolio of complementary services that allow us to do more for our employees, customers and partners.”
Jeff Baker, Managing Partner at Drake Star Partners, said: “It was a privilege to work with the Privo team to find them a strategic partner that will allow them to further broaden their portfolio of services and increase their market reach. This transaction continues to show that the market for public cloud adoption services has not paused during recent economic events.”
Nick Underwood added: “We could not have done this without the support from Drake Star Partners. Jeff Baker and his team were excellent to work with and seamlessly supported us from beginning to end.” Matt Barnes, Partner at Privo, said “Drake Star’s expertise in the public cloud services market was crucial in navigating these discussions and finding the best strategic partner for us going forward.”
Legal Advisor to Privo: Ruberto, Israel & Weiner (lead Partner: Russ Stein)
For further inquiries, please contact
Gregory Bedrosian - Managing Partner & CEO | Drake Star
Privo is a leading AWS Premier Consulting Partner with offices in the Boston and San Francisco areas. Privo helps customers plan, build, manage, and optimize their AWS workloads so they can focus on innovation. What makes Privo unique is its tailored consulting approach that focuses on empowering customers’ internal development and operations teams.
For more information, please visit www.privo.com
Navisite is a modern managed cloud service provider that accelerates IT transformation for thousands of growing and established global brands. Through our deep technical knowledge and strategic relationships with the world’s leading cloud providers, proven delivery methodologies, platform-agnostic approach and worldwide network of highly specialized experts, we provide the capabilities and practical guidance customers need to successfully embrace IT change and move their businesses forward. Let us partner with you to navigate the now.
For more information, please visit navisite.com
About Drake Star Partners
Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Singapore* and Dubai*. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 400 transactions since 2004, 70% of which are cross-border.
Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160) which is authorised and regulated by the Financial Conduct Authority. © 2016 Drake Star Partners Limited.