IT Service Alliance (ITSA) Announces Acquisition of PARSEC

Arvada, CO - Founded in 1986 and headquartered in Arvada, Colorado, The Parsec Group ("Parsec") [www.parsec.com] is a premier provider of critical infrastructure and operating system managed services, supporting over 130 Enterprise and Fortune 500 customers. Parsec delivers 24x7x365 support for major operating systems, including OpenVMS, AIX, Tru64, UNIX, HP-UX, Oracle Solaris, and Linux. Their service offerings also include remote system administration, monitoring & support, patch analysis, and hosting for clients’ critical IT environments. Parsec’s top-tier technical team specializes in serving customers within regulated industries such as Healthcare, Industrial, Education, Government, and Defense.

“ITSA is the ideal partner to carry forward Parsec’s legacy while fostering the future growth of our employees and our business. I am confident that Graeme and Nadim [ITSA’s CEO and President, respectively], along with Strider [Parsec’s CEO] and the entire team, will leverage Parsec's core offering and build ITSA into a leading player in the IT Services industry,” said Wayne Sauer, Former Owner of Parsec.

“We are excited to welcome the Parsec team into the ITSA family. Parsec represents a highly strategic partnership for ITSA due to its esteemed reputation in the IT Services industry and its central location within the United States. Colorado’s growth as a tech hub, combined with Parsec’s national service capabilities, makes this acquisition an ideal platform for ITSA to scale talent and expand our customer reach in the coming years. Investing in our employees is a key part of our strategy to drive innovation and enhance service quality and effective immediately post-acquisition, all Parsec employees will become equity co-owners in ITSA through our employee ownership plan.” stated Nadim Muzayyin, Co-Founder & President at ITSA.

ITSA remains committed to expanding its presence across the U.S. by partnering with leading IT service providers, particularly in the critical IT infrastructure sector.