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SSD Technology Partners Acquired by New York Company

SSD Technology Partners is now part of New York-based Sourcepass through an acquisition agreement. | | DBT photo by Jacob Owens

Wilmington – SSD Technology PartnerOne of Delaware’s oldest and most recognized information technology (IT) support service providers, was recently acquired by a New York-based company that is expanding its footprint in the region.

Led by owners Lisa Detwiler and Woodie Bowe, SSD employs approximately 80 people and is headquartered at the shipyard center on Wilmington’s riverfront. The company is her third largest computer consulting firm in the state, according to a Delaware Business Times survey.

Founded in 1983 as a Delaware software service, the company originally helped small businesses transition to computerized systems. In 2005, the company changed its name to reflect a range of services, including software development, technical consulting, and support services for small businesses in the tri-state area.

Over the past 20 years, SSD has received many state honors, including the Delaware Small Business Administration’s Small Business Person of the Year, the State Chamber of Commerce’s Marvin S. Gilman Superstar in Business, and the State’s Better Business Bureau Torch Marketplace Award. I have won awards. ethics.

On July 21st, SSD announced that it had been acquired. source pathis a fast-growing managed service provider that has acquired a consortium of small businesses since it was founded 18 months ago. Terms of the all-cash transaction were not disclosed.

Today, Sourcepass employs over 300 people and has gross revenues of over $50 million. Detwiler and Bowe will reportedly survive the acquisition. The integration of the two companies is expected to be completed by September 1st. Attempts to influence SSD leadership about the deal have been unsuccessful.

Woodie Bowe, vice president of SSD, said: transaction.

Sourcepass aims to grow its customer base by strategically focusing on small and medium-sized businesses, which have been SSD specialties. We have over 200 existing customers in Delaware, Maryland, New Jersey and Pennsylvania. The deal further expands his Sourcepass offerings and capabilities in the legal, healthcare, and financial services industries.

“In line with our goal of being the leading Managed Service Provider (MSP) for SMBs, we are looking to enhance and expand our service offerings and partners who share our core mission of delivering the IT experience our clients love. We are always looking for companies, Sourcepass CEO and Founder Chuck Canton said in a statement:

The SSD deal was announced at the same time as the acquisition of New York-based Total Technology Solutions. Operates as a subsidiary of Sourcepass and maintains top leadership in cash and equity trading.