Strategic Acquisition SouthTech was acquired by Thrive in 2022, demonstrating a strong consolidation trend in the managed IT solutions sector, which provides opportunities to upsell integrated services and cater to larger enterprise accounts seeking comprehensive managed service providers.
Market Recognition Awarded as a leading ICT solution provider and recognized in the MSP 500 list, SouthTech has established credibility and trust with regional customers, making it an attractive partner for businesses seeking reputable IT and cloud solutions.
Regional Focus SouthTech operates primarily in southwest Florida, providing managed IT services to over 275 regional businesses, presenting an opportunity to expand service offerings to existing clients and target neighboring markets with similar regional needs.
Growth Potential With a revenue range of 10 to 25 million dollars and a team of 51-200 employees, SouthTech has a solid foundation for scalable growth, offering prospects to introduce new managed services, cloud solutions, and cybersecurity packages to existing and prospective clients.
Technology Infrastructure Utilizing a diverse tech stack including Windows Server, Java, and Microsoft ASP.NET, SouthTech serves clients with comprehensive solutions that can be augmented with advanced cybersecurity, cloud migration, and automation tools to enhance client satisfaction and retention.