Integris this week announced it purchased CalTech, a community banking-focused information technology managed service provider with offices in Texas and Kansas.
This marks the Cranbury-based IT managed service provider’s third acquisition in less than six months, accelerating tremendous growth for the company and its national footprint. With CalTech, Integris now has more than 20 offices in 10 states with nearly 700 employees, all offering high-end, enterprise IT services and round-the-clock security monitoring.
“The timing for this merger could not be better. Managed IT services are getting more complex and CalTech’s reputation in the community banking space allows Integris to build on and expand best-in-class operations to build a national community banking practice,” Rashaad Bajwa, Integris CEO, stated.
According to Bajwa, Integris will leverage CalTech’s well-established IT service delivery model for the community banking industry and use existing resources to expand it on a national stage. For community banking clients, the partnership means increased offerings in cybersecurity and business intelligence as well as new layers of regulatory advice and compliance consulting.
“We are excited about this merger for many reasons, but the first being the alignment of values and reputation. With Integris, we will build a national community banking practice with top quality service, security and premium offerings for new and existing clients,” Will Welch, CEO of CalTech, said.
The financial terms of this merger were not disclosed.