TMCnet News
United States : BROOK Venture Partners, Blue Heron Capital declares Investment in PCNS [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Brook Venture Partners, Blue Heron Capital and Prides Crossing Capital have spend in in PC Network Services (PCNS), a Pittsurgh-based managed service provider (MSP). Moreover, PCNS has selected Michael Halperin, an IT services specialist with above 20 years of industry experience, as its CEO. PCNS offers outsourced IT services to small and medium-sized businesses that use cloud and virtual services. The investment will moreover support PCNS as it focuses to expand its service capabilities. Fred Morris, Partner at Brook Venture said, "We are excited about the investment in PCNS, as they have a fantastic service record with their customers and we believe there is excellent growth potential for the company ."The outsourced IT market is highly fragmented and regional, presenting an outstanding opportunity to expand the company's geographic reach and industry-leading service excellence." The MSP's new CEO Halperin carries experience with Fortune 100, small and medium-sized firms and startup companies to his new role. His career has comprised Cogent Growth Partners, GreenPages Technology Solutions and Xerox. Here's what Halperin had to say to MSPmentor about the investment: "PC Network Services is a really special company. The investment is a win-win-win for PCNS, its clients and its investors, and it's really all about taking what we do well and continuing to do it." Halperin also mentioned that MSPs are popular investments right now. In fact, he expects many investors to target MSPs going forward because they are high-growth, low-risk investments. Halperin said, "I think managed services is a really hot space . For a lot of investors, MSPs hit really well because investors like recurring revenue, and MSPs are becoming very attractive investments for them." (c) 2014 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info, an Albawaba.com company |