Bowstring Advises Nexus in its Sale to Dimension Data
April 30, 2014 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the financial advisor to Nexus IS, Inc. (“Nexus”), in its recent sale to Dimension Data plc, a global provider of information and communications technology solutions and services. Founded in 2004 and headquartered in Valencia, Calif., Nexus is a privately owned provider of advanced IT solutions that serves enterprises, midsize business and public sector clients.
The acquisition of Nexus expands Dimension Data’s operations in the U.S. by 40 percent and significantly increases the company’s presence in the West, Southwest and Southeast regions of the country. As a result, clients will now have access to a deeper network of experts and a broader portfolio of solutions. Nexus has 19 offices in California, Nevada, Colorado, Arizona, Utah, Washington, Texas, Georgia, Florida and North Carolina.
Nexus CEO Deron Pearson said, “We are pleased to join the Dimension Data family. This acquisition is a fantastic milestone in the history of the company and a tremendous endorsement of our employees, as well as the excellent solutions and services that Nexus provides. I am very excited about the opportunity for our clients to tap into Dimension Data’s solutions and services, particularly the opportunity for us to extend new cloud capabilities, IT outsourcing and additional managed services on a global basis.”
Mark Slaga, CEO of Dimension Data Americas, said, “Both organizations have a people-centric culture with a strong focus on delivering a great client experience. I am very excited to welcome 657 talented Nexus employees to the Dimension Data family. Together, the assets of both companies position Dimension Data as one of the leaders in the provision of services and solutions in the ICT sector across the U.S. Nexus brings a rich set of services and solutions to the Group, particularly in the data center, collaboration, enterprise networks, security and cloud spaces. In addition, there’s minimal overlap of geographies and clients, which strengthens Dimension Data’s presence across the Americas.”
Don Holbrook, Managing Director at Bowstring Advisors, commented, “Nexus was one of the top privately held firms in the Cisco ecosystem and has experienced great growth in the past 10 years. The transaction made a lot of sense given the synergies and very similar values between the firms.”
Nexus IS, Inc.’s sale to Dimension Data was effective as of April 23, 2014.
We are pleased to join the Dimension Data family. I am very excited about the opportunity for our clients to tap into Dimension Data's solutions and services, particularly the opportunity for us to extend new cloud capabilities, IT outsourcing and additional managed services on a global basis.