Tuesday, February 2, 2016
Synoptek Acquires Earthlink's IT Services Business
Irvine-based Synoptek, a managed services provider backed by private equity investors, said Monday that it has acquired EarthLink's IT Services business. Financial details of the acquisition were not disclosed. As part of the acquisition, Synoptek has received equity funding from Sverica Capital Management, Five Points Capital, and Portfolio Advisors, plus debt from Zions Bank and Comerica. Synoptek is a provider of IT consulting, managed services, and other related cloud services.