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Managed services investment firm acquires security company

Technology Capital Investors acquires IT security firm Savid Technologies

Technology Capital Investors (TCI), an investment firm that specializes in managed services providers acquired Savid Technologies Inc., a security consulting firm and managed service provider.

Under the terms of the agreement, Savid will join TCI’s national portfolio of managed services partners. Savid will keep its company brand, associates and executive leadership including cloud security expert, author of Hacking Exposed, and CEO of Savid Technologies Michael A. Davis.

As part of TCI, Davis will continue to run the day-to-day operations of the business, and serve as the leadership behind TCI’s new suite of managed security and compliance services which is scheduled to launch in Q1 2012.

Sam Attias, managing partner for TCI, said Savid Technologies is a strategic partner acquisition that will play an integral role in TCI’s growing family of MSP brands, and become the central hub for our new North America security and compliance practice.

Davis added that TCI is on the cutting edge of technology and fast becoming a driving force within the IT industry.