In the evaluation of a company for potential investment or acquisition, there is an in-depth technology assessment that occurs. The overall health of an IT environment can have a major impact on the long-term success of the company you are looking to invest in. Companies with a weak IT infrastructure may require a steep investment to course correct, which runs counter to the objective of the private equity partner.
Private equity firms find it less expensive to work with a dedicated managed service provider because they are able to outsource tactical tasks to their managed IT provider, thus enabling their internal IT staff to focus on long-term
business goals.
Similar to how you outsource for administration and operations, private equity firms can designate all portfolio companies to use a dedicated managed service provider to ensure all investments are adequately managed and secure.
Working with a dedicated managed service provider, you can take advantage of group discount rates. Discounts can be applied for any platform company you add to your portfolio, thus giving private equity firms financial savings just from outsourcing it all to a single partner.
Working with a managed service provider makes it easy for private equity firms to consolidate their cost, reduce headcount, and enable an easier transaction on the tail end of their investment.
A dedicated service provider that works with all your portfolio companies will provide worry-free network stability, so you can focus on greater business initiatives, like improving your portfolio’s worth.
Private equity firms face threats from both investors and portfolio member companies. While there is no guarantee that the potential risk – whether it is fraud, phishing or cyber-attacks – will occur, it is your job to protect your firm and portfolio from far greater losses in terms of resources, penalties and reputation.
A managed service provider will help each business in the portfolio develop a long-term technology strategy that supports their goals.
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”
