TORONTO, Aug. 22, 2018 /PRNewswire/ -- Apps on Tap Inc. and Paradigm Network Solutions Inc., two IT service providers located in North York, Ontario, have been acquired by F12.net (F12). Tequity Inc. acted as the exclusive financial advisor to the companies, which are branded separately but operate as one business. Terms of the transaction were not disclosed.
The addition of Apps on Tap and Paradigm Network Solutions helps F12 establish a stronger presence in the Greater Toronto Area.
"F12 helps business leaders succeed by reducing technology distractions and bringing focus to business solutions," remarked Alex Webb, CEO of F12. "Apps on Tap and Paradigm created an innovative platform that helps organizations rapidly migrate legacy services to cloud-based technology. We are excited to gain both Apps on Tap's cloud services and Paradigm's passionate team."
Apps on Tap and Paradigm will continue to help organizations optimize the use of technology to achieve their business objectives, all while leveraging F12's offerings, vendor partnerships and data centre capabilities. Together as one entity, Apps on Tap, Paradigm, and F12 have greater capability and a stronger national footprint.
"Paradigm Network Solutions Inc. and Apps on Tap Inc. are excited to join the F12 team," explained Brad McMillan, owner of Paradigm and Apps on Tap. "Accessing talent and technology resources beyond what we could independently, empowers us to better serve our customers. F12 is a perfect partner for us with in-house Canadian based cloud services which compliment ours and a similar record of accomplishment. F12 has a clear vision to become the largest MSP in Canada and we are thrilled to be part of that story."
Brad McMillan is an industry veteran with over twenty-five years of experience helping small and medium-sized businesses identify, implement, and maintain their technology. Brad will be joining F12 in the key business role of Regional Manager, Toronto Region. The Apps on Tap and Paradigm team has moved into F12's brand new facility in Markham, ON, which opened in August of 2017.
About Apps on Tap Inc. and Paradigm Network Solutions Inc.
Apps on Tap and Paradigm's dedicated IT professionals have provided Managed IT Solutions and Valued Added Reseller services in the North York, ON region since 2002 and 1992, respectively. By adopting industry standards, both companies deliver proven IT solutions across many organizations in diverse verticals. Additional information can be found at www.appsontap.ca and www.ittoronto.com
About F12.net, Inc.
F12.net is a leading provider of comprehensive IT programs designed to minimize conversations about networks and computers and maximize focus on business objectives. F12's suite of solutions improves productivity, reduces risk, and tightly manages expenses. Additional information can be found at www.f12.net.
About Tequity Inc.
Tequity provides exit, merger, and carve-out advisory services exclusively to mid-market Software, IT Services, and Information Technology companies across North America and around the globe. We assist CEO's and shareholders to find the right strategic buyers and achieve optimal outcomes in a transaction. As business operations and growth specialists who have built companies, raised capital, and successfully exited, we bring real life experience to any M&A discussion. www.tequityinc.com
Diane Horton, CBI, CM&AA
VP Corporate Development
SOURCE Tequity Inc.