iVision is making moves to become the most trusted IT services provider in the Southeast.
Launched in 2004, the Atlanta-based technology integration and management firm was founded by Gabe Damiani. iVision’s revenue has grown from $220,000 to more than $55 million in 2017, with a 67 percent revenue growth in the past three years and 28 consecutive profitable quarters. It works with such partners as Amazon, Microsoft, Dell, Cisco, and Azure, just to name a few.
With one of the most sophisticated datacenter labs in the Southeast, iVision provides a testing ground for new technologies, allowing its engineers to experiment in a laboratory setting before launching innovative technology solutions for its clients. The company has received numerous awards and accolades for serving the complex cloud, data center, networking, security, and application needs of its clients. In fact, earlier this month, iVision was named one of the world’s best SMB managed service providers by Channel Futures on the first ever SMB Hot 101 rankings for 2020.
Now the company has announced it is partnering with CIVC Partners, a Chicago-based private-equity firm focused on middl- market investments in business services industries. Financial details were not released.
Since its inception in 1989, Chicago-based CIVC has invested around $1.8 billion in 67 platform companies, including CATI (3D design and engineering services and solutions) and EN Engineering (utility engineering and consulting services), both based in Illinois; Pennsylvania-based Magna Legal Services (litigation support services); and Colorado-based KPA (compliance services and software).
CIVC said in a statement that its decision to invest in iVision was due to the company’s history of client satisfaction and its deep technical expertise. The deal will support iVision’s continued growth, both organically and through acquisitions. Its entire management team will remain in place (the company currently has 100 percent customer retention) following the investment, and headquarters will also remain in Atlanta.
“CIVC has been an active investor for over 30 years and has extensive experience building businesses and partnering with management teams. CIVC will be a value-added partner as we execute our growth strategy,” said Damiani.