Systems Maintenance Services (SMS)  and Curvature, two formidable independent third-party IT services vendors, have merged in a deal that creates a $500 million market leader.

The deal, which is slated to close by the end of February, will merge $250 million IT services and lifecycle maintenance provider SMS and $288 million third-party IT services and networking hardware provider Curvature. Financial terms of the deal were not disclosed.

The deal creates an IT asset lifecycle services powerhouse with 2,000 employees and a broad range of third-party IT data center services and hardware offerings that include server, storage and networking.

“Together, we are category-killing,” said Mike Sheldon, CEO of Santa Barbara, Calif.-based Curvature, No. 84 on the 2016 CRN Solution Provider 500, in an interview with CRN.

[Related: Park Place Buys Ardent For More Data Center Expertise]

Sheldon will be president and chief commercial officer of the combined company which he says will be more than five

Article source: http://www.crn.com/news/channel-programs/300083459/sms-curvature-merge-to-create-500m-independent-third-party-it-services-category-killer.htm

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