Exciting news! Virtace Inc. (Virtace) and BondRock Inc. (BondRock), leading Cloud and IT Managed Services providers, today announced the merger of the two companies creating a nationwide Managed Cloud IT Services company. The merger is effective today, and the companies will combine business operations over the summer months.
The combined company will continue to be privately held and operate as Virtace Inc. Sean Liabovitz, BondRock’s founder and President, has been named the President of the new combined company and will be added to the Virtace’s Board of Directors. The founding principals of Virtace, namely Rakesh Tiku, Bren Sambunathan and Prasad Rao will remain on the Board of Directors and continue to provide the strategic, management and operations guidance, advisory and support for the continued growth of Virtace. The headquarters for the combined company will be in Markham, ON.
"We celebrate two new milestones today as we formally welcome the BondRock team to the Virtace family to create a nation-wide Managed Cloud IT Services company," said Rakesh Tiku, former President of Virtace. "Combined we will draw on our decades of experience to push the boundaries of innovation, as we remain focused on delivering cloud technology solutions, capabilities and outstanding services to our clients."
Sean Laibovitz said “I am excited about the merger and what this means to our clients. Bringing such talent together with a common purpose to deliver leading edge solutions and services will be exciting for everyone involved. With the focus on cloud and security being so prevalent in the industry today, the new Virtace is an incubator for exceptional talent that has and will continue to deliver outstanding solutions to our incredible clients. Great partnerships take time to build and Virtace has done an exceptional job working with its channel partners to do just that. I am very excited about our position in the marketplace and look forward to managing this new team of exceptional people as we move forward.”
All agreed upon pricing and service levels will remain untouched for the foreseeable future, but we will be sending out new agreement documents, which will have some new language to better enable our working relationships going forward.
Please contact us if you have any immediate questions, otherwise stay tuned for more information. In the meanwhile, come see what we are up to on virtace.com, Facebook, LinkedIn, and Twitter.
To our mutual good fortune.
Regards,
www.virtace.com
