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The ASCII Group Launches New Initiative with Worklyn Partners for the Future of IT Services
Bethesda, Maryland – September 28, 2023 – The ASCII Group, a renowned membership-based community of independent North American Managed Service Providers (MSPs), is set to announce an exciting initiative with Worklyn Partners, a prominent investment firm that specializes in cybersecurity and IT services companies.
With this program, The ASCII Group and Worklyn Partners aim to bridge the gap between private equity investors and MSPs. The ASCII Group is providing a resource to its community of IT business owners who are looking to sell their companies, gather insights from sophisticated financial investors, or simply want to stay informed about industry trends and opportunities.
Worklyn Partners seeks to build relationships with IT business leaders outside of the context of M&A process, sharing best practices with and learning from the ASCII community. As an investment firm, Worklyn is unique in its singular focus on IT and cybersecurity, its focus on long-term growth over short-term business flipping, and its flexible mandate. Worklyn does not require MSPs to standardize on certain technologies, allowing each IT business owner to maintain their own unique characteristics in how they serve the market.
With a shared commitment to excellence and a deep understanding of the evolving needs of businesses today, Worklyn and ASCII together seek to redefine what it means to be a successful MSP. This collaboration presents an exciting opportunity for ASCII members and other MSPs alike to gain valuable knowledge and guidance from industry experts.
“We are excited and honored to partner with ASCII, Alan, and the entire community,” explained Zack Miller, Co-Founder and President of Worklyn Partners. “We look forward to sharing our experience and learnings gleaned from the IT and cybersecurity businesses we have already invested in, and from participating in hundreds of M&A transaction processes over the past three years. But most of all, we look forward to learning from the ASCII member community.”
“By understanding the private equity landscape and being prepared for potential future opportunities, MSPs can position themselves for success,” said Alan Weinberger, CEO and Chairman of The ASCII Group. “This collaboration will provide ASCII members with insights into mergers and acquisitions, investment strategies, valuation considerations, and more.”
Through this educational initiative, The ASCII Group continues its commitment to supporting its community of managed service providers by providing them with valuable resources that can help them thrive in an ever-evolving industry.
About The ASCII Group, Inc:
The ASCII Group is the premier community of North American MSPs, MSSPs and Solution Providers. The Group has members located throughout the U.S. and Canada, and membership encompasses everyone from credentialed MSPs serving the SMB community to multi-location solution providers with a national and international reach. Founded in 1984, ASCII provides services to members including leveraged purchasing programs, education and training, marketing assistance, extensive peer interaction and more. ASCII works with a vibrant ecosystem of leading and major technology vendors that complement the ASCII community and support the mission of helping MSPs to grow their businesses. For more information, please visit www.ascii.com.
About Worklyn Partners, LLC:
Worklyn Partners is a unique investment firm headquartered in New York, NY and focused exclusively on the Cybersecurity and IT services markets. Worklyn has assembled a group of partners and advisors with extensive investing and sector expertise to help grow technology companies at the rapidly expanding and evolving intersection of cybersecurity and IT services. The firm’s ultimate goal is to build a constellation of businesses that together serve as a one-stop-shop for cybersecurity, data analytics, cloud and IT services for customers that need support to modernize and secure their technology stacks. Worklyn Partners currently has investments and offices in New York, NY; Jacksonville, FL; Denver, CO; and Walnut Creek, CA. For more information visit worklynpartners.com
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