I’m excited to announce that Summit Group Software has reached agreement with True IT to be acquired in early 2018. This is exciting news for our Summit Group Software staff and we believe provides great benefits to our customers.
Summit Group Software was founded in January 2005. For most of our history we’ve been an employee owned company. In late 2014, we enhanced the employee ownership opportunity through the launch of our Employee Stock Ownership Plan (ESOP). With 100% of Summit Group Software owned by our employees, this transaction provides a great outcome to our staff who have worked so hard to build a great company over the past 13 years. This transaction represents a new chapter in our history book but many things will stay the same. The culture, values, and strategy that have been so important to us are shared with True IT and will continue to guide our organization going forward.
A big benefit of this transaction is for our customers. Today, Summit has approximately 750 customers throughout primarily the United States. As a Gold certified, award-winning partner, we have always remained laser focused on the Microsoft Dynamics family of solutions. Microsoft’s continued evolution of products and their cloud first strategy has really created a market place that expects us to deliver more. True IT is a leading Managed Service and infrastructure partner dedicated to Microsoft cloud technologies such as Azure and Office 365. They are also a firm we have partnered with for many years.
Many of our clients are looking for a vendor that can provide a prescriptive approach to technology and deliver the necessary services across the full Microsoft stack of offerings. We are enthusiastic to be pairing our team with True IT. It allows us to deliver more products, adds substantial scale, a broader reach, and a deeper bench of talent. The outcome for our clients is the combined service offerings around the complete stack of Microsoft solutions and cloud technologies. We simply believe we’ll provide greater value to our customers.
Summit Group Software will operate as Summit Group Software, a True IT company. Our team is excited and ready to provide even more services to our customers in 2018 and beyond.
– Eric Gjerdevig