Applied Tech Closes Strategic Partner Investment

Applied Tech Solutions, a leader in delivering managed IT services and advanced information security solutions to small and medium-sized businesses (“SMB”), announced that Meritas Capital Partners (meritascap.com) has made an investment in the Company.

“Our partnership with Meritas Capital Partners will give us the resources and capital to expand both the technology solutions we offer and the geographies within which we service our customers,” said Kurt Sippel, Applied Tech’s founder. “We’ve worked as a team to build Applied Tech into something truly amazing. We have achieved great success as a result of our hard work and dedication to quality. We now have the opportunity to take our success to the next level.”

Applied Tech’s core managed IT services platform offers a highly scalable solution suite focused on outsourcing the design, implementation and ongoing management of network and systems infrastructure, security and business management applications. With over 150 current customers and twenty years of operating history, Applied Tech is a recognized leader in the Midwest Region of the SMB community.

“We are thrilled to have the opportunity to invest and partner with the remarkable Applied Tech team”, said Rob Burkholder, Managing Director at Meritas Capital Partners. “We are particularly excited by their focus on using best in class tools and technology to deliver exceptional customer service. Applied Tech’s value proposition is compelling as evidenced by their consistently high annual customer retention and satisfaction.”

“With the SMB IT services spend projected to grow at a double-digit compound annual growth rate, we see a tremendous market opportunity for Applied Tech,” said Don Epstein, Managing Director at Meritas Capital Partners. “We will leverage the efficient operating model that Applied Tech has built to cost-effectively service SMBs and look to further expand it. The Applied Tech model is a tremendous platform and foundation upon which we plan to build upon.”

Burkholder and Epstein will join Sippel to comprise Applied Tech’s Board of Managers. Daniel Petersen, COO and shareholder, continues to lead the business.

For more information on Applied Tech, visit: www.appliedtech.us

About Meritas Capital Partners

Meritas Capital Partners was founded by Rob Burkholder and Don Epstein after nearly 20 years operating, growing, and finally exiting the leading managed IT services business in Denver. Having completed nine acquisition transactions together, Rob and Don bring a unique blend of operations, technology, financial, and M&A expertise to businesses looking for a partner in growth.

About Applied Tech

About Applied Tech

Established in 1999, Applied Tech delivers best-in-class managed IT services, advanced business management software solutions focused on Microsoft technologies, managed security services, and outsourced business technology consulting to small and medium-sized businesses. By providing a number of value-added products and services to the SMB space, Applied Tech enables its customers to focus on their core business without the burden of IT management.

Applied Tech’s goal is to deliver advanced technology and business management solutions that support its customers’ growth strategies