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VC3 Completes Acquisition of Wellteck IT, Texas-based Information Technology Services Provider

COLUMBIA, S.C. & MIDLAND, Texas

VC3, a market-leading managed service provider serving municipalities, financial services organizations, and commercial businesses across the country, announced today the acquisition of Wellteck IT, a leading provider of enterprise-quality managed IT services, cybersecurity, and IT consulting in Texas. The addition of this established firm further expands the VC3 solution portfolio to more commercial clients in the Southwestern United States and adds a greater local presence in Texas.

Ryan Vestby, VC3’s Chief Executive Officer, said, “Wellteck and VC3 share many similar core values, strong synergies between our teams, and an untiring commitment to serving our clients. Better together, our teams collectively offer a great depth and breadth of knowledge in managed services, cybersecurity, cloud, compliance, data backup, disaster recovery, and strategic IT planning. Wellteck’s strong local presence in Texas strengthens VC3’s North American presence across 34 states and 8 Canadian provinces. This partnership, coupled with our decades of experience, allows us to continue serving clients of all sizes and industries in Texas and throughout North America.”

Dylan Todd, Chief Executive Officer of Wellteck, said, “I’m very blessed and honored to have been given the opportunity to start, run, and build Wellteck since January 2014. With VC3’s partnership, Wellteck’s dedicated team members now have more room and a higher ceiling under which to grow. And, with a bigger team and more competencies, we can deliver a better and more refined experience for our clients. I’m excited about the continuing evolution of Wellteck’s team and clients under VC3.”

Vestby added, “I look forward to working with Wellteck’s team to further our missions of providing the best service possible for our clients. The future holds only excitement and opportunity for our two teams.”

About Wellteck IT

Wellteck IT helps businesses achieve their goals by keeping their technology infrastructure running smoothly and securely. They support nearly 100 small and medium sized businesses with more than 1,600 managed devices. Based in Midland, Texas, Wellteck IT provides IT support for businesses throughout Texas, New Mexico, and Oklahoma.

About VC3

VC3 is a managed IT and cybersecurity services provider serving municipalities, financial services organizations, and businesses throughout North America. Organizations come to us for help navigating the technology journey, and to get the expertise they need to manage cyber risks and IT infrastructure. Over 1,100 municipalities and 700 businesses rely on VC3’s cybersecurity expertise, sector-specific focus, ability to grow with our clients, and relentless automation to manage, protect, and accelerate their organization’s technology. We can become your IT department, work alongside your internal IT team to make them more successful, or help you with specialized needs such as cloud hosting, data backup, or application development. Visit www.vc3.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.