UPSTACK Bolsters Capabilities with V3 Technology Acquisition
Deal News | Feb 20, 2025 | Globenewswire
UPSTACK, a leading technology advisory firm, has announced its acquisition of V3 Technology Inc., a veteran IT advisory company based in Arkansas. This strategic acquisition will see the president of V3 Technology, Tom VanVeckhoven, along with his team, joining UPSTACK. Founded in 2012, V3 Technology brings a wealth of experience in telecom and IT consultancy, specializing in optimizing customer IT and telecom infrastructure. The acquisition aligns with UPSTACK's ambitions to deliver bespoke technology solutions and enhanced customer support, particularly to midmarket and enterprise clients. V3 Technology has a strong customer-focused ethos and has partnered with significant sectors like financial services and healthcare. The deal will enable V3 Technology to leverage UPSTACK’s technological resources, proprietary tools, and broader market reach to amplify its service offerings.
Sectors
- Technology Advisory
- Telecom and IT Services
Geography
- United States – UPSTACK and V3 Technology are both based in the US with operations that signal national impact, particularly in the IT and telecom sectors.
- Arkansas – V3 Technology, the target company, is headquartered in Arkansas, thus making this a significant geographical point for the transaction.
- New York – UPSTACK, the acquiring company, is based in New York, highlighting it as a central hub for this transaction and its operations.
Industry
- Technology Advisory – The main focus of the article is on UPSTACK, a firm pioneering in providing innovative technology advisory services.
- Telecom and IT Services – V3 Technology brings valuable experience in telecom and IT services, playing a significant part in the combined expertise of UPSTACK post-acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| UPSTACK | Acquirer | Company | A full-service technology advisory firm based in New York, focused on providing transformative technology solutions. |
| V3 Technology Inc. | Target Company | Company | An Arkansas-based IT advisory firm with expertise in telecom services, specializing in customer-focused technology strategies. |
| Tom VanVeckhoven | President | Person | President of V3 Technology who will join UPSTACK as a Partner following the acquisition. |
| Miles VanVeckhoven | Vice President of Sales and Operations | Person | An executive at V3 Technology joining UPSTACK as part of the acquisition. |
| Christopher Trapp | CEO | Person | Founder and CEO of UPSTACK, overseeing its growth and acquisitions. |