Breakthrough Technology Group LLC

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Breakthrough Technology Group LLC - overview

Established

2007

Location

Morganville, NJ, US

Primary Industry

Outsourcing

About

Breakthrough Technology Group LLC specializes in managed IT services, offering businesses innovative solutions to enhance operational efficiency and security through advanced technology integration. Founded in 2007 and headquartered in Morganville, US, Breakthrough Technology Group LLC provides managed IT services tailored to diverse industries. The firm has undergone a strategic investment by ABRY Partners in December 2017, acquiring a majority stake without disclosing financial terms. NexusTek offers a comprehensive suite of managed IT services designed to address the unique challenges faced by businesses across various sectors.


Their core product offerings include hybrid cloud solutions, advanced cybersecurity services, and IT consulting, which collectively aim to enhance operational efficiency, scalability, and security for organizations. The hybrid cloud services allow businesses to integrate on-premises and cloud resources seamlessly, offering flexibility in managing workloads and data. Their cybersecurity solutions provide robust protection against cyber threats, ensuring compliance with industry standards while safeguarding sensitive information. Additionally, NexusTek's IT consulting services deliver strategic guidance through assessments, IT roadmaps, and virtual CIO support, catering to clients in sectors such as healthcare, finance, legal, and manufacturing.


The company serves a diverse client base in multiple geographical markets, including the United States, Canada, and select international markets, helping organizations transition to modern IT infrastructures. NexusTek generates revenue through a structured model that focuses on providing managed IT services and solutions to businesses. Client engagements typically involve subscription-based payments for their various service plans, including fixed-fee Managed IT services and specialized cybersecurity solutions. For instance, organizations may subscribe to NexusTek's Total Care package, which includes a robust cybersecurity defense and comprehensive IT support, ensuring continuous protection and operational efficiency.


The revenue structure is primarily B2B, as NexusTek partners with businesses requiring tailored IT strategies, ranging from small enterprises to larger corporations. This model allows for predictable revenue streams, as clients commit to ongoing services that meet their evolving IT needs over time. The company plans to leverage its recent investment from ABRY Partners on December 6, 2017, to enhance its product offerings and market reach. Upcoming products include advanced AI-driven cybersecurity tools expected to launch by 2024.


Furthermore, Breakthrough Technology Group LLC aims to expand its market presence into Europe and Asia by 2025, targeting specific sectors such as finance and healthcare to increase its global footprint.


Primary Industry

Outsourcing

Sub Industries

Offshore IT Services/IT Outsourcing

Website

www.nexustek.com

Verticals

Cloud Computing

Company Stage

Growth Capital

Total Amount Raised

Subscriber access only

Breakthrough Technology Group LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedNexusTek-
GrowthCompletedBreakthrough Technology Group LLC-

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