Combined Businesses Offer Physical, Managed and Cybersecurity Services
Together, Unlimited Technology and IST have expertise that extends from physical building security to managed and cybersecurity Services.- About the buyer: Unlimited Technology, based in Chester Springs, Pennsylvania, offers physical security, network security, cybersecurity, managed services, and compliance solutions -- particularly in the critical infrastructure sector. The company completed over 1,400 systems integration projects in 2020 for clients in the critical infrastructure, transportation, commercial real estate, financial, municipal, and education end-markets, Unlimited Technology indicated.
- About the seller: IST of Herndon, Virginia, has roughly 75 employees listed on LinkedIn. The company provides integrated and logical access control, video surveillance, intrusion detection and safety incident and compliance tracking.
Unlimited Technology Acquires IST: Executive Perspectives
In a prepared statement about the deal, Unlimited Technology CEO John Palumbo said:"This partnership expands our leadership position in the Eastern Seaboard and adds expertise serving the highly regulated Federal Government sector. We are excited to partner with IST’s team of highly trained, seasoned security experts who have successfully managed hundreds of complex, large-scale integrated security and IT projects throughout the United States."
"Since our founding in 1997, IST has grown to become the largest independent systems integrator in the Washington, D.C. region. We evaluated many strategic options for the future of IST and are pleased to have selected Unlimited Technology as the best partner to advance our shared vision. We look forward to partnering with John and the entire Unlimited Technology team to expand our combined client bases, geographic footprint, and service offerings."
"Unlimited and IST share a strong commitment to providing the highest quality of technology solutions and outstanding customer service, as evidenced by their long-term customer relationships, making the partnership a natural fit."
