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Sparxent Start-up Begins Managed Service Provider and VAR Acquisitions
Sparxent, a start-up company based in Salt Lake City, Utah, is seeking to acquire managed service providers and VARs that generate roughly $5 million to $20 million in annual revenues. The company, backed by vSpring Capital, today disclosed that it has acquired NetworkD Corp. of Newport Beach, California. Sparxent has also signed a letter of intent to acquire Arbyte of Moscow.
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This just in: A start-up company, currently working in stealth mode, intends to acquire multiple VARs, integrators and managed service providers. Total combined revenues for the acquired companies will be about $100 million to $120 million.
