Huron Capital’s InterVision, a California-based information technology solutions platform, has acquired Fotis Networks, an information technology professional services and consulting firm in Boston. Huron Capital is a Detroit-based private equity firm.
Fotis was founded in 1998 and provides cybersecurity and networking services to clients in the governmental, commercial, health care, and education sectors.
“Our clients are moving into more complex environments that require greater expertise in cloud services, security, enterprise infrastructure, and compliance,” says Aaron Stone, president and CEO of InterVision. “Fotis brings technical depth in these areas and complements our current engineering talent. We believe that we will be able to serve our clients even more effectively as we join the two companies together.”
Over the last two years, Fotis and InterVision have worked together. Fotis is an InterVision service delivery partner and has provided services to InterVision clients.
“The natural synergy between Fotis and InterVision is the result of shared values and experience working together on complex client deployments,” says Frank Loulourgas, founder and CEO of Fotis, who will remain with the combined company. “Joining the InterVision team is expected to enhance our collective ability to deliver the best client outcomes.”
Huron Capital partnered with InterVision in 2016 to pursue opportunities in the information technology industry. Since then, InterVision has merged with or acquired Infiniti Consulting Group, Bluelock, Netelligent, and Independent Technology Group.
“We are extremely impressed with Fotis’ cybersecurity work with customers such as the U.S. Department of Defense and defense contractors and expect this acquisition will provide InterVision with access to new capabilities and customers,” says Brian Rassel, vice president of private equity at Huron Capital. “This acquisition is aligned with our buy-and-build strategy and is focused on driving value for InterVision’s clients as an established industry leader.”
Huron Capital acquires and grows middle-market companies through its buy-and-build investment model. In the past two decades, it has established six investment funds totaling about $1.8 billion in capital and has completed more than 175 transactions throughout North America.
Its companies have had aggregate annual revenues exceeding $3 billion, 15,000 employees, and operated more than 325 facilities.