Dyonyx and Single Path have merged their MSP and MSSP businesses to form Dyopath. The combined company, backed by 200 employees, offers managed IT and cybersecurity services nationwide. Financial terms were not disclosed.
Also, this is M&A deal Number 29 involving an MSSP that we've tracked since May 2019. See the complete MSSP M&A deal list here.
Dyonyx and Single Path Merger: MSSP and MSP Background
Dyonyx of Houston, Texas, offers such IT consulting services as security assessments, IT assessments, Office 365 migration services, and more. The company's managed IT services include hosting, hybrid cloud services, ITIL-aligned service desk, managed network and security, disaster recovery, SIEM and Security as a Service.
Dyonyx was ranked as the sixth-largest cybersecurity firm in the Houston area by Houston Business Journal in August 2019.
Single Path of Lombard, Illinois provides managed IT services, managed cybersecurity solutions, and IT consulting to commercial and education clientele. Single Path has been a Cisco Partner of the Year twice, and serves more than 1,500 customers, according to the company's website.
MSSP Alert has reached out to Dyopath to see who will lead the combined business, and which executives will be on the leadership team.
Dyonyx and Single Path Merger: Executive Perspectives
In a prepared statement about the deal, Rob Koch, CEO at Single Path, said:
"I have never been more excited in my 17 years at Single Path! Combining our passionate and extremely talented Single Path and DYONYX teams will create a company that is truly focused on customer service and innovation. Together, we will expand the value we deliver to customers and create the industry’s most comprehensive IT solutions provider for organizations,. With a combined 50 years in business, we are poised for tremendous success. For our employees, customers, and partners there is an even better future ahead. Our top priority as we complete this merger is to ensure a smooth transition for our people and continue to exceed our customers’ expectations."
Added Chuck Orrico, CEO at Dyonyx:
"The combination of Single Path and DYONYX paves the way to deliver the next generation of IT solutions that will set the standard for MSPs of the future. This merger will enable our 200 employees to deliver innovative solutions faster than ever before. Both companies remain fully committed to their core strengths as well as to the combined benefits that the new company will bring to employees and customers."