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