Sparxent Signs Letter of Intent to Acquire Arbyte

IT and business solutions startup Sparxent has signed a letter of intent to acquire Arbyte Group, a Moscow-based IT service provider.

 

“Arbyte has established a strong record of growth and built a broad customer base in one of the fastest growing economies in the world,” said  Steve DeWindt, co-founder of Sparxent, in a statement. “The company is recognized as a premier IT services group for medium-sized customers in Russia," "This acquisition is an important step in expanding Sparxent's geographic reach and strengthening our portfolio of technology solutions.”

 

Founded in 1994, Arbyte Group has a strong base throughout the Russian Federation and Ukraine. It deals in a variety of IT consulting, software and hardware solutions and is growing at a rate of 30 percent annually. The company is a Microsoft (News - Alert) partner and delivers Microsoft Dynamics AX based services for the Russian mid-market. Arbyte is also a Symantec Gold Partner, Netaphor Value Added Distributor and LANDesk (News - Alert) Value Added Distributor and Training Center.

 

"Joining Sparxent provides our business with additional resources, access to new geographic markets and opportunities to cross-sell solutions from Sparxent's broader portfolio of services," said Oleg Kukushkin, president of Arbyte, in a statement. "We are delighted to become part of this new model for delivering enterprise class IT services to mid-market customers."

 

Focused on the middle market, Sparxent acts as a one-stop-shop for consulting, solutions, integration, development and services. The acquisition of local IT providers like Arbyte will further consolidate Sparxent’s position in the middle market.