STRATEGY TO ACCELERATE GROWTH THROUGH CENTRALIZED MANAGED SERVICES UNIT
TORONTO, May 15, 2019 /PRNewswire/ - Nerds On Site Inc. ("NERDS" or the "Company") (CSE: NERD) (FSE: 3NS.F) (QTCQB: NOSUF), a mobile IT solutions company servicing the SME marketplace, announces its intention to grow its Centralized Managed Service business through mergers and acquisitions in North America.
"NERDS is in an ideal position to scale its best practices in the lucrative Centralized Managed Services business through strategic and targeted mergers and acquisitions," said Mr. Charles Regan, Nerds On Site CEO. "We have a proven and systematic approach for success, our key identifier and attraction attributes checklist will guide decision making and focus energy on the right targets at the right time within our attribution range."
Managed Services Providers M & A Strategy Highlights:
- Approximately, 40,000 Managed Services Providers (MSP's) of various maturity and service offerings exist in North America
- NERDS proven checklist has identified 3000 approximate operations that qualify within the Company's attribute range
- To accelerate growth with NERDS best practices, target operations ideally have between $1.5M - $2.5M annual contract revenue
- Strategic plan calls for 1 Canadian and 3 USA acquisitions in the initial M & A phase, with more to follow in subsequent phases
"In terms of timing, we are in discussions with the first company we have identified, and it is anticipated that that this first deal will be executed by calendar year-end," added Mr. Regan.
About Nerds On Site:
Nerds on Site, a company founded in 1995, specializes in providing cost effective, leading edge solutions to Small and Medium sized Enterprise (SME), serving as the complete SME IT solution specialists. Nerds on Site was established in London, Ontario with current annual revenues of approximately $10,000,000 with normalized net earnings of about $100,000.00. The company services over 12,000 clients per year with a superb 96.5% customer satisfaction rating. NOS's business model is based on Nerds sub contracts in Canada and a Franchise model for USA expansion.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Nerds On Site Inc.