Apogee IT Services
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Apogee IT Services - overview
Established
1990
Location
Toronto, ON, Canada
Primary Industry
Outsourcing
About
Based in Canada, Apogee IT Services delivers comprehensive IT and cybersecurity solutions, serving a diverse clientele that includes both small businesses and Fortune 500 companies. Apogee IT Services specializes in IT and cybersecurity solutions. Founded in 1990 in Toronto, Canada, the company has successfully completed 4 deals, with the most recent deal occurring on March 6, 2025, when it was acquired by Supra ITS from Magna5, a portfolio company of NewSpring Capital. Paul Cronin serves as the CEO.
Apogee IT Services provides a range of IT and cybersecurity solutions tailored to various clients, including managed IT services, cybersecurity advisory, cloud solutions, and business process outsourcing (BPO). Their managed IT services include 24/7 IT support and managed detection and response services aimed at enhancing security and efficiency across sectors such as healthcare and transportation. The company also offers customized application development services and team augmentation to assist businesses in modernizing their technology infrastructures, serving notable clients such as Ron Finemore Transport and Purity Life Health Products LP. Apogee IT Services generates revenue through managed services, BPO contracts, and consulting engagements, typically involving long-term service agreements.
Their pricing structure is customized based on service scope and client needs, ensuring tailored solutions for IT support and cybersecurity management. Clients may subscribe to managed security services for ongoing monitoring and management, with revenue stemming from direct B2B partnerships and contracts for services like data entry and cloud hosting. Following the acquisition on March 6, 2025, Apogee IT Services is positioned to enhance its growth trajectory under Supra ITS. The company plans to leverage this acquisition to expand its portfolio and improve its service offerings.
Specific plans for product launches and geographic expansion into new markets have not been disclosed, but the acquisition is expected to enable Apogee to strengthen its market presence and operational capacity.
Current Investors
Magna5, Multiplier Capital
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing, IT Infrastructure, IT Security/Cybersecurity
Website
www.apogeeitservices.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Apogee IT Services - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Apogee IT Services | - | ||||||||
| Add-on, Trade Sale | Completed | Apogee IT Services | - |
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