The information-technology firm iV4, which is based in Rochester and has an office in Syracuse, has a new owner. ProArch — headquartered in Marietta, Georgia — acquired iV4 in May, per a news release on the iV4 website. ProArch is a global cloud consulting and product-engineering company. The two businesses say they “complement each other.” […]
The information-technology firm iV4, which is based in Rochester and has an office in Syracuse, has a new owner.
ProArch — headquartered in Marietta, Georgia — acquired iV4 in May, per a news release on the iV4 website. ProArch is a global cloud consulting and product-engineering company.
The two businesses say they “complement each other.” ProArch focuses on product engineering, data, and cloud services, while iV4 specializes in managed services, networking, cloud architecture, and cybersecurity.
With the sale, iV4 became iV4, a ProArch company.
The acquisition deal resulted in some leadership changes at the combined company. Santosh Kaveti, ProArch’s current CEO, will continue in that position. Michael Spoont, iV4’s CEO, will serve as president of ProArch as well as president and CEO of iV4, a ProArch company.
“This big step is about growth and the next generation of iV4,” Spoont said in the release. “By joining together, iV4 and ProArch will form a powerful force in cloud consulting, cybersecurity, data science and product engineering. The blending of capabilities will complement one another and allow us to compete on a higher, more scalable level moving forward. We will now have a comprehensive solution stack service offering fully enabled to design, execute, and support cloud-first, data-driven business transformation for our clients. While this is a big change for our organization, there will be new individual opportunities for everyone to also grow.”
Besides its headquarters near Atlanta, ProArch has offices in the United Kingdom, India, and Singapore. It has 215 employees and more than 200 clients around the globe.
The acquisition followed ProArch’s 2019 search for a firm to “complement its business strengths, address current gaps and establish a greater U.S. presence.”
“Joining forces with iV4, for us, is all about growth and opportunities,” Kaveti said. “ProArch and iV4 together have a thriving story in the making in the areas of cloud, data, artificial intelligence, product engineering, and security.”
Spoont noted that iV4 started as a small company headquartered in Syracuse with a half-dozen people.
“The 2011 merger with Integrity Networks System took us to the next level. We’ve experienced double-digit growth over the past several years and we’re continuing that journey of growth and evolution now with ProArch,” said Spoont.