The following press release was issued by our portfolio company, Coretelligent:
Needham, MA, September 6, 2023 — Coretelligent announces the acquisition of Advanced Network Products (ANP). Coretelligent leverages dedicated practices to develop technology strategies, ensure security and compliance, revolutionize customers’ digital and data management, provide enhanced cloud and on-premises architecture, and deliver exceptional IT support to drive growth for its elite clients in key growth industries, including financial services, life sciences, and professional services.
Headquartered in Philadelphia, PA, ANP has 39 years of experience providing IT support and business transformation services to the financial services, healthcare, and professional services industries. Its portfolio of solutions includes managed and co-managed IT, security, business continuity, and Azure and public cloud migrations.
“We are thrilled to welcome ANP into the Coretelligent family. Their technical experience, emphasis on customer service, and industry focus are exactly what we look for when making strategic acquisitions,” said Kevin J. Routhier, Coretelligent Founder, President, and CEO. “The acquisition of ANP enhances our service offerings and strengthens our capacity to deliver the highest-quality service to our exceptional clients. It multiplies the value proposition for our shared clients by reinforcing our deep bench of engineering talent, augmenting our technical proficiency, and reinforcing our commitment to deliver innovative technology solutions and first-class support that drive growth for our clients.”
The ANP acquisition solidifies Coretelligent’s position as a technology leader by expanding its technical expertise within the Microsoft stack, particularly by leveraging Azure for streamlined infrastructure management and seamless integration with on-prem systems, among other capabilities. Additionally, ANP has extensive proficiency in unlocking and integrating Microsoft security features many companies are under-utilizing but are included within their Microsoft deployment.
David S. Mulvey, CEO of ANP, said, “Identifying our shared vision of leading through service excellence, we recognized that the alignment of ANP with Coretelligent allows us to bring even greater value to our clients. Joining forces with Coretelligent ensures that our clients can continue to depend on the best-in-class service they have come to expect while benefiting from Coretelligent’s advanced technology solutions and services.”
With this acquisition, Coretelligent further expands its presence in the Mid-Atlantic region, reinforcing its vision of fortifying the company’s growth in key locations and industries through strategic partnerships, acquisitions, and organic growth.
This marks Coretelligent’s seventh acquisition since 2019. Coretelligent’s previous acquisitions include United Technology Group, LLC., SoundView IT Solutions, LLC., Soundshore Technology Group, Lighthouse Technology Partners, Chateaux, and NetCom Systems, Inc.
As a leading service provider, Coretelligent employs dedicated practices to craft technology strategies that ensure security and compliance, provide improved cloud and on-premises architecture, revolutionize customers’ digital and data management, and deliver exceptional IT support to drive growth for its elite mid-market clients in the financial services, life sciences, and professional services sectors. Founded in 2006, Coretelligent joined the investment portfolio of Norwest Equity Partners (NEP), a leading middle market investment firm headquartered in Minneapolis, in October 2021. Coretelligent is headquartered in the Boston Metropolitan Area, with additional offices in New York City, Atlanta, Norwalk, Scarborough, and the San Francisco Bay area, and expanded support locations in Dallas, Los Angeles, Tampa, and West Palm Beach.
About Advanced Network Products (ANP)
ANP is a premier managed service provider that implements and manages Microsoft 365 cloud migrations for small and midmarket businesses throughout the Philadelphia region. Established in 1984, ANP transitioned into a managed services provider in 1998. Today, ANP’s industry experts utilize remote management technology and time-tested processes to manage and secure complex cloud IT infrastructures for companies throughout the Delaware Valley. Nationally recognized ANP belongs to various vendor management advisory boards, including Cisco Systems.