Baltimore, MD, March 09, 2016 --(PR.com
)-- Tech Syndicate Group, the industry’s leading IT Infrastructure broker, has been selected by JMI Equity to be the exclusive resource for procuring global technology infrastructure for its portfolio of companies. This partnership enables JMI’s affiliate companies to capitalize on Tech Syndicate Group’s global service provider expertise and relationships to drastically reduce their recurring operational and capital expenses associated with Datacenter, IT Outsourcing, Cloud, Network and IT Hardware. As the exclusive provider of global IT infrastructure sourcing services for the portfolio companies, Tech Syndicate Group will lead targeted initiatives to improve portfolio valuation and fund strategic growth.
Tech Syndicate Group Founder, Tom Coyle, enthused, “We are proud to partner with JMI and deliver our IT cost optimization service to help drive long term shareholder value. IT infrastructure represents a significant P&L expense line for every company in business. While it is has become dramatically easier to obtain expensive technology services, reconciling and validating these costs have become exponentially harder. Our proprietary decision support tools have enabled our clients to improve EBITDA by reducing their recurring 3rd Party IT spend nearly 40%, while educating internal resources on how to effectively manage confusing virtual IT expenses.”
“JMI’s portfolio companies are leaders in the software and technology services industries and rely heavily on their IT infrastructure to run their businesses and deliver their products to market. Tech Syndicate has already delivered significant cost reductions for a few of our companies, and we look forward to even greater results as we formalize their IT Cost Optimization-as-a-Service program across the portfolio,” said Krishna Potarazu, Principal at JMI Equity.
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software and services companies. Founded in 1992, JMI has invested in over 120 businesses in its target markets and has raised more than $3 billion of committed capital. Combining domain expertise and active partnership, JMI works with management teams to build market-leading businesses and create long-term shareholder value. Realized investments from JMI funds include Autotask, Axeda, BigMachines, Eloqua, Ellucian, Gemcom, PowerPlan and ServiceNow. For more information on JMI, visit www.jmi.com.
About Tech Syndicate Group
Tech Syndicate Group partners with investors and enterprise management teams to increase shareholder value through their IT Cost Optimization-as-a-Service offering. TSG’s unsurpassed industry experience and relationships enable the company to educate client support teams while obtaining market leading rates and flexible contract terms typically reserved for Fortune 500 companies.For more information, visit www.techsyndicategroup.com