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IT Solutions Acquires Award-Winning New York-based Provider of IT Support, Cybersecurity, and Compliance Services, CHIPS Technology Group

Philadelphia, PA

IT Solutions, a leading provider of Managed IT, Managed Security, and Application Development services in the Mid-Atlantic Region, is pleased to announce the acquisition of CHIPS Technology Group. The acquisition brings IT Solutions’ Managed IT and Security Services to the Long Island and New York metro region, combining two best-in-class organizations that will allow more businesses to benefit from their process-driven, customer-centric approaches to business technology.

“We are excited about the opportunities available in the business epicenter of New York,” commented IT Solutions CEO Garrett Graney. “CHIPS’ team of security and compliance-focused professionals, who possess unique expertise implementing and managing today’s most critical business safeguards, will deliver quantifiable, added value to our combined client base. IT Solutions’ scale will enable this team to grow further as we provide our proven services to more clients.”

The CHIPS acquisition is the latest in a growing number of mergers and acquisitions across the national MSP landscape nationwide, where companies are uniting their forces to overcome pervasive cyber threats, address growing support needs and staffing shortages, as well as deliver superior outcomes in the face of increasingly complex client environments.

“CHIPS is very eager to join one of the largest regional MSPs in our marketplace,” said Evan Leonard, President of CHIPS. “Becoming part of such a well-respected organization will provide long-term benefits for our employees, customers, and partners alike.”

This acquisition, the fifth in IT Solutions’ history and its largest to date, allows the firm to leverage CHIPS’ expertise in security and compliance while leadership continues with its expansion plans in the east region.

About CHIPS Technology Group

CHIPS Technology Group creates Fortified Modern Workspaces by providing the full stack of IT services to organizations in the New York Metro Area. Its process-driven, security-first approach to delivering technology services continues to evolve to meet the increasing needs of its clients. For more information, visit www.chipstechnologygroup.com.

About IT Solutions

IT Solutions is a leading managed services provider focusing on proactive and strategic support for small and mid-market businesses. Founded in 1994 by Ted Swanson and headquartered near Philadelphia, PA, ITS partners with clients to align technology with business goals, secure data and networks, and improve processes through tailored, innovative solutions. In addition to providing comprehensive managed IT services, ITS offers cybersecurity, cloud, custom application development, and business intelligence services. Visit www.itsolutions-inc.com to learn more.

Certain statements about Nautic made by portfolio company executives herein are intended to illustrate Nautic’s business relationship with such persons, including with respect to Nautic’s facilities as a business partner, rather than Nautic’s capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Nautic-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.