DALLAS & BOSTON--(BUSINESS WIRE)--CSS Corp., a global provider of technology solutions, today announced it has acquired Glow Networks, a telecommunications services and engineering company providing end-to-end network services, and the remote infrastructure management services (RIMS) business unit of InteQ, a leader in On Demand IT Service Management.
“These acquisitions are an important milestone in the growth of CSS Corp, scaling our revenues and adding significant technical capabilities,” said Nick Sharma, CEO of CSS Corp. “Our customers increasingly seek critical end-to-end solutions to help them manage complex technology environments. The acquisition of two industry leaders positions CSS to be a strong and trusted partner of choice for our customers.”
CSS will add telecommunication and IT convergence services to its offerings through the acquisition of Glow Networks. Based in Richardson, Texas, Glow Networks is a $30 million privately held company that has been consistently ranked amongst the fastest growing companies in North America by Deloitte. The company was founded in 2000 and currently has nearly 400 employees in the U.S. The acquisition will enable CSS to provide telecom companies with the following:
“With telecommunication and IT convergence afoot, our customers are looking to us to help them manage this transformation,” said Krish Prabhu, telecom veteran and Senior Advisor to Glow Networks. “By leveraging CSS’s expertise in platform-based managed services and emerging technologies such as cloud computing, we are positioned strongly to meet our customers’ transformation needs.”
CSS will add 30 customers and partners with the acquisition of the remote infrastructure management services (RIMS) business unit of Boston based InteQ. InteQ was one of the first companies to launch remote infrastructure management services and has been widely recognized as a pioneer in the field and has made substantial investments in building a robust, proven and scalable monitoring and management service delivery platform that has serviced customers’ infrastructure in over 90 countries.
CSS will now offer the following services to assist enterprises to proactively monitor and manage mission critical IT infrastructures and enable partners to private label RIM services and strengthen their go-to market strategies:
“InteQ’s RIMS business unit’s enterprise customers and managed services partners will get the immediate benefit of CSS’s broad service and solutions portfolio to address some of their most critical application infrastructure operations requirements,” said Santhana Krishnan, Co-Founder, Chairman and CEO of InteQ. “CSS's commitment to their mission of “100% referenceable clients” will continue our long terms relationships with existing clients and partners as they grow and expand.” Santhana added, “InteQ will continue its focus on rapid growth and expansion of its SaaS IT Service Management solutions.”
Finvista Advisors Private Ltd served as M&A advisor for CSS Corp for these transactions.
About CSS Corp
CSS, a global technology solutions provider, focuses on IT operations management services aimed at optimizing its customer's IT operations. CSS offers solutions in the area of Enterprise and Consumer Technology Support, Application Lifecycle Management and Infrastructure Management Services. The company has proven expertise in developing; supporting and managing its customer's entire technology stack (servers, networks, systems and technologies as well as applications running on them) on a 24x7 basis globally. In addition, CSS has an impeccable record of delivering the whole gamut of technical and customer support services for both enterprise and consumer technology products and applications on a global basis. With a unique "100% referenceable customers" mission statement, the company lives and breathes operations support and customer satisfaction.
Headquartered in San Jose, CA, CSS currently has global operations centers in Chennai (India), Utah (USA), Poland (Europe) and in the Philippines. CSS has over 80 customers including Industry leaders such as Alcatel-Lucent, Sun Microsystems, & Blackboard Inc as its long term customers. CSS is a professionally managed, privately held company with investments from SAIF, Goldman Sachs and Sierra Ventures.
About Glow Networks, Inc.
Founded in 2000, Glow Networks is an established ISO9001/TL9000 certified telecommunications engineering and consulting firm, catering to the needs of telecom equipment vendors and carriers. The company specializes in Wireless Broadband, Wireline Networks (Optical / SONET / Ethernet), VoIP (Soft Switch), IP Multimedia Subsystem (IMS) and Enterprise products. Glow’s customer-base includes world’s foremost equipment vendors and carriers such as Alcatel-Lucent, Ciena, Cisco, Ericsson, Genband, and Motorola. Glow provides a range of managed services such as Network Engineering, Order Engineering, Systems Application Engineering, Configuration Engineering, Field/Site Engineering, RF Drive Test Services.
Glow Networks ranked in the Inc. 5000 list of fastest growing private companies in the US for 2007 and 2008, was named to Deloitte’s prestigious Technology Fast 50 Program and included among the fastest growing companies in North America on Deloitte’s Technology Fast 500 in 2006, 2007 and 2008.
InteQ is a leader in On Demand IT Service Management (ITSM). Our Software-as-a-Service solutions dramatically reduce the total cost of ownership, offer the fastest time to production and are the easiest to adopt. Since 1995, InteQ has been helping customers worldwide achieve IT service excellence using a unique solutions portfolio which includes a comprehensive suite of remote Infrastructure Monitoring Services, an ITIL SaaS Service Desk, and award-winning training and consulting in ITIL - the IT Infrastructure Library. InteQ's On Demand solutions have been successfully implemented in over 90 countries through its global service delivery model with operations in the United States and India. For more information, visit www.inteqnet.com or contact 888.4IT.MGMT.