"This is a real strategic move for Provision," Shank said.
Jon Shank, a manager at F5 Software, which partnered with Provision earlier this year, said he hasn't heard much M&A talk among VARs, but the Provision/360 Networx deal makes sense. The Scottsdale, Ariz.-based company now has 18 employees, about half of whom came from 360 Networx, which is based in Phoenix.
"Carrier services is still hard to make look like a VAR model, and it's hard to be in control of your own destiny there." "This was a vehicle for us to scale up," Straub said. The acquisition allows the company to operate as a VAR using 360 Networx's partners, wireless engineering expertise and large customer base in the mining, and oil and gas industries.Īll but one of Provision's nearly 40 partner relationships, including deals with Cisco, Motorola and Sprint, came from 360, Straub said. "ProVision was a carrier services model," with a staff dedicated to project management and operations, Straub explained. 1 for an undisclosed sum, changing its name to Provision Networks, and transforming its business model in the process. Provision Networks President Clayton Straub said the company's acquisition of longtime collaborator 360 Networx is probably just the first of many it'll do in the coming years.įormerly called ProVision Communications, the technology services company closed the 360 Networx deal Aug.
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