Upstack has acquired Progressive Communications Management (PCM), a technology services consulting firm, for an undisclosed amount.
With the acquisition, PCM co-founders Bob Matthews and David Weisenberg will join Upstack as partners and managing directors.
This is technology M&A deal number 309 that ChannelE2E and sister site MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021 and 2020 listed here.
Upstack, founded in 2017, is based in New York, New York. The company has 151 associate members listed on LinkedIn. Upstack’s areas of expertise include colocation and data centers, network connectivity and unified communications.
PCM, founded in 2001, is based in Fort Lauderdale, Florida. The company is currently not listed on LinkedIn. PCM’s areas of expertise include connectivity, managed network services and cyber security.
What the acquisition means for Upstack and PCM
Matthews and Weisenberg built PCM into “one of the most successful technical consulting firms based on a single principle — do the right thing for the client,” said Upstack CEO Christopher Trapp. They are now bringing their “customer-first mindset” to Upstack, Trapp noted.
Meanwhile, Upstack will help PCM grow its customer base, Weisenberg indicated. It also expands PCM’s team and ensures the company can better support its customers, Weisenberg said.
Upstack continues to strengthen its portfolio
The PCM acquisition comes after Upstack has made the following acquisitions to date in 2023:
Along with these acquisitions, in March 2023 PCM acquired the network and cloud sourcing business of LinkSource Technologies, a technology management company.
Upstack offers digital transformation solutions to help organizations improve and accelerate their IT infrastructure. The company has reported nearly 2,900 successful customer engagements.
