FRESNO TECH FIRM ACQUIRES SAN JOSE COMPANY FOR $1.7M

Fresno-based Xobee Networks announced Wednesday that it has acquired Myers Network Solutions, a tech solutions provider based out of San Jose.

The acquisition aims to build on Xobee Networks managed IT service clientele as well as allow Xobee to provide resources and products to even more businesses in the Bay Area.

“Through this investment, Xobee will embolden and scale our resources and services to clients within San Jose and across the state,” said Eric Rawn, Xobee Networks founder and CEO. “We are investing in Myers Network Solutions because they are the marquee computer business solutions experts in San Jose, and we are well-positioned to help strengthen their team, resources, and products toward current and future clients.”

Xobee Networks agreed to purchase Myers Network Solutions for $1.7 million. Xobee plans to maintain the entire staff at Myers as they welcome them into the Xobee Networks brand.

Xobee Networks’ addition of Myers Network Solutions adds strength to a workforce of more than 100 skilled tech professionals already at Xobee.

With this acquisition, Xobee hopes to expand its managed support, cloud computing, cybersecurity, telecommunications, web development and networking services at an affordable cost.

“Since the agreement between Xobee Networks and Myers Network Solutions earlier this year, Xobee has been able to increase revenue month over month with an 18% growth in host services offerings,” according to a Xobee news release.

Xobee Networks was founded in 1996 by Eric Rawn, and has since grown to serve thousands of clients throughout California.

Rawn also owns tech solutions firm BCT Consulting in Fresno.

https://thebusinessjournal.com/fresno-tech-firm-acquires-san-jose-company-for-1-7m/