Amplix Enhances Technology Services with Acquisition of Xela Communications
Deal News | Jan 08, 2025 | Gemspring Capital
Amplix, a portfolio company of Gemspring Capital, has announced the acquisition of Xela Communications. Amplix is known for its technology advisory services and seeks to expand its capabilities in technology expense management through this deal. Xela, based in Red Bank, New Jersey, enhances Amplix's offerings with its established expertise in technology advisory and technology expense management services. Both companies share a commitment to optimizing client technology investments. The terms of the transaction remain undisclosed.
Sectors
- Technology Advisory Services
- Private Equity
- Technology Expense Management
Geography
- United States – The article involves multiple companies operating in the United States, including Amplix (Massachusetts) and Xela Communications (New Jersey).
Industry
- Technology Advisory Services – The article discusses the acquisition of Xela Communications by Amplix, both of which operate in the technology advisory services sector.
- Private Equity – Gemspring Capital, the private equity firm, plays a significant role as the owner of Amplix.
- Technology Expense Management – Xela Communications specializes in technology expense management, which is a key focus of the acquisition.
Financials
- Not disclosed – The financial terms of the acquisition between Amplix and Xela Communications were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amplix | Buyer | Company | Amplix is a national provider of technology advisory services and a portfolio company of Gemspring Capital. |
| Xela Communications, LLC | Target | Company | Xela Communications specializes in technology advisory and technology expense management services. |
| Gemspring Capital | Owner | Company | Gemspring Capital is a private equity firm and the parent company of Amplix. |
| Dan Gill | CEO of Amplix | Person | Dan Gill is the CEO of Amplix and commented on the strategic importance of the acquisition. |
| Adam Park | CEO of Xela Communications | Person | Adam Park is the CEO of Xela Communications, highlighting the potential benefits of the integration. |