DETROIT, June 7, 2017 /PRNewswire/ -- Huron Capital today announced its information technology (IT) solutions platform, InterVision Systems ("InterVision"), has merged with Chesterfield, Mo.-based Netelligent Corporation ("Netelligent"). This is the first business expansion for InterVision since creating the platform investment with Huron Capital in May 2016.
Started as a value-added reseller of Cisco voice products in 2003, Netelligent has expanded to become a leading provider of hybrid IT solutions delivering on-premise and hosted technologies ranging from managed services, security, storage and collaboration to private cloud. The company operates out of three locations: Chesterfield, Mo., St. Louis, Mo., and Boulder, Colo.
"Netelligent brings significant expertise and capabilities in managed and cloud services complementing InterVision's strengths in the data center," said Whitney Tomlin, CEO of InterVision. "With this transaction, InterVision gains an established platform for delivering profitable managed services that can accelerate growth and expand the services we offer to our customers."
Aaron Stone, co-founder of Netelligent commented, "Rick Chapman and I were seeking a partnership to accelerate Netelligent's growth and provide us access to new customers. We are excited to be joining the management of this larger, stronger and more diversified business."
"This transaction is a great step forward in the strategic evolution of InterVision's business," said Matt Hare, Principal at Huron Capital. "These organizations are a great cultural fit and we are very excited for the next stage of this platform."
About Huron Capital
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.7 billion in capital through six committed private equity funds and invested in over 130 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm's operational approach to creating value. Huron Capital's sector focus includes business services, consumer products & services and specialty manufacturing. For more information, please visit www.huroncapital.com.
About InterVision Systems
Based in Santa Clara, Calif., InterVision Systems, LLC is a leading integrator of technology and cloud solutions focused on helping clients optimize their IT infrastructure, better manage +risk, and gain a competitive advantage. The company provides IT solutions, infrastructure and services for the cloud ecosystem (private, hybrid and public), allowing customers to achieve the full potential of a software defined data center. InterVision's vendor-certified sales and engineering staff have specialized expertise in all areas critical to IT environments.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/huron-capitals-intervision-systems-completes-merger-with-netelligent-corporation-300470412.html
SOURCE Huron Capital