Chicago attorney Robert Kreisman has represented Savid Technologies in its acquisition by Technology Capital Investors (TCI), a New York investment firm.
Savid Technologies is a Tinley Park, Ill.-based cloud security provider.
Savid will join TCI’s growing companies, which includes External IT, OS33, Avazpour Networking Services, D&D Consulting, ETCI and Hostnet, and Bravura Networks.
Savid Technologies will keep its company name, employees and leadership, including CEO Michael Davis, who will continue to run day-to-day operations for the MSP, according to TCI. Davis, a speaker on cloud security and author of “Hacking Exposed,” will also develop and offer a new suite of managed security and compliance services across all TCI’s companies, said Sam Attias, managing partner at TCI.
In particular, Savid adds expertise around PCI, HIPAA, Sarbanes-Oxley and other compliance requirements.
“It’s something we had to do, and we’re very excited about it. The industry is also moving in the direction of vertically focused service providers. Those are the guys who will win at end of the day and be able to scale their businesses,” Attias said.
The TCI companies informally work together, but this is the first formal offering across the group, Attias added. The combination of Savid and traditional services will create a powerful combination, he said.
Robert D. Kreisman of Kreisman Law Offices has been handling client matters in commercial matters for individuals, families and businesses for more than 36 years in and around Chicago, Cook County and surrounding areas, including Zion, Winfield, River Forest, Peoria, Elk Grove Village, and Mundelein, Illinois.
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