Trace3 has finalized its acquisition of the U.S. commercial information technology assets of the Canada-based Calian Group, a move designed to bolster the firm's geographic reach and technical capabilities, based on information published by CRN.
The transaction, which was initially announced in August, involved an upfront cash payment of $31 million and the assumption of approximately $12 million in net liabilities. Through this deal, the Irvine, California-based company adds 140 employees, two network operations centers and its first security operations center. Chief Executive Officer Joe Quaglia stated that the acquisition provides significant expansion in Texas and Minnesota, two regions that align with the company's central go-to-market strategy.
The integration brings new talent into the organization, including former Calian executives Christopher Farah and Christopher Grammer. Beyond geographic growth, the addition of a security operations center enhances the firm's ability to address emerging threats, particularly as enterprise clients navigate risks associated with autonomous artificial intelligence.
Quaglia noted that there is minimal overlap between the existing client bases, offering an opportunity to introduce the company's value proposition to a new set of customers. The firm plans to continue pursuing strategic acquisitions to expand its service portfolio and market presence.
Source: CRN
