TCI Acquires IT Security Firm Savid Technologies

Technology Capital Investors (TCI), a specialized IT services investment firm, has acquired Savid Technologies Inc., a security consulting firm and managed service provider (MSP) with operations based out of Chicago.

As part of the pact, Savid Technologies will join TCI’s national portfolio of high-performance MSP partners. Officials with TCI said that the MSP will keep its company brand, associates and executive leadership, including cloud security expert, author of Hacking Exposed, and CEO of Savid Technologies Michael A. Davis.

Davis will continue to run the day-to-day operations of the business, and serve as the leadership behind TCI’s new suite of managed security and compliance services which is scheduled to launch in Q1 2012.

“Savid Technologies is a strategic partner acquisition that will play an integral role in TCI’s growing family of MSP brands, and become the central hub for our new North America security and compliance practice,” said Sam Attias, managing partner at TCI, in a statement.

Attias said that working as a team, TCI and Savid Technologies will bring to market a fully integrated security offering that the company’s partners can market and sell to their clients.

“TCI is on the cutting edge of technology and fast becoming a driving force within the IT industry,” said Davis. “Sam and his team have a true understanding of client IT needs, and have the right vision and plan around the future of the marketplace.”

“We’re pleased to join the TCI family and extend our security and compliance skill set into a nationwide team that will help shape the IT industry and accelerate adoption of cloud computing by offering proven security and compliance services to enterprise and SMB clients,” said Davis.

In other news, MSP Bravura Networks, Inc. recently was acquired by Technology Capital Investors (TCI) under a new agreement. The full-service MSP, which maintains operations in San Diego and Chicago, will partner with specialized IT services investment firm TCI through the agreement.