The ASCII Group, a renowned membership-based community of independent North American Managed Service Providers (MSPs), is set to announce an exciting initiative with Worklyn Partners, a prominent investment firm that specializes in cybersecurity and IT services companies.
With this program, The ASCII Group and Worklyn Partners aim to bridge the gap between private equity investors and MSPs. The ASCII Group is providing a resource to its community of IT business owners who are looking to sell their companies, gather insights from sophisticated financial investors, or simply want to stay informed about industry trends and opportunities.
Worklyn Partners seeks to build relationships with IT business leaders outside of the context of M&A process, sharing best practices with and learning from the ASCII community. As an investment firm, Worklyn is unique in its singular focus on IT and cybersecurity, its focus on long-term growth over short-term business flipping, and its flexible mandate. Worklyn does not require MSPs to standardize on certain technologies, allowing each IT business owner to maintain their own unique characteristics in how they serve the market.
With a shared commitment to excellence and a deep understanding of the evolving needs of businesses today, Worklyn and ASCII together seek to redefine what it means to be a successful MSP. This collaboration presents an exciting opportunity for ASCII members and other MSPs alike to gain valuable knowledge and guidance from industry experts.
“We are excited and honored to partner with ASCII, Alan, and the entire community,” explained Zack Miller, Co-Founder and President of Worklyn Partners. “We look forward to sharing our experience and learnings gleaned from the IT and cybersecurity businesses we have already invested in, and from participating in hundreds of M&A transaction processes over the past three years. But most of all, we look forward to learning from the ASCII member community.”
“By understanding the private equity landscape and being prepared for potential future opportunities, MSPs can position themselves for success,” said Alan Weinberger, CEO and Chairman of The ASCII Group. “This collaboration will provide ASCII members with insights into mergers and acquisitions, investment strategies, valuation considerations, and more.”
Through this educational initiative, The ASCII Group continues its commitment to supporting its community of managed service providers by providing them with valuable resources that can help them thrive in an ever-evolving industry.
