Cantey Tech Consulting

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Cantey Tech Consulting - overview

Established

2008

Location

North Charleston, SC, US

Primary Industry

IT Infrastructure

About

Cantey Tech Consulting provides managed IT services for small and mid-sized businesses, focusing on optimized IT management and performance enhancement through tailored solutions. Founded in 2008 in North Charleston, US, Cantey Tech Consulting specializes in IT solutions for various industries. The company is led by CEO Willis Cantey, whose prior entrepreneurial experience includes founding other technology-focused ventures. The firm has engaged in 1 deal, with the most recent one occurring on July 12, 2021.


Cantey Tech Consulting specializes in managed IT services tailored for small and mid-sized businesses, offering a broad range of solutions to enhance IT management. Their core offerings include cloud-based migration support, managed data backups, disaster recovery, and cybersecurity services such as next-gen firewalls and patch management. They provide dedicated technician support to resolve IT performance issues promptly. Their target clientele spans various industries including healthcare, finance, legal services, and education, with over 250 businesses served nationwide, particularly in the Southeastern United States and expanding to broader markets.


Cantey Tech Consulting generates revenue primarily through subscription-based managed IT services, allowing clients to choose customized packages that fit their needs. The company typically operates under B2B agreements, where clients contract for ongoing support, including IT strategy development and compliance management. Revenue stems from these services, with clients paying a recurring fee based on their selected package, which may incorporate advanced cybersecurity measures, network management, and assistance from a virtual Chief Information Officer (vCIO) with extensive industry experience. Pricing aligns with industry standards reflecting the complexity and scope of the solutions provided.


Cantey Tech Consulting aims to utilize the investment from LNC Partners, made in July 2021, to accelerate its growth strategy and pursue acquisitions. The company is focusing on developing new products to enhance its service offerings, while also strategically expanding into new geographic regions across the United States. Specific markets targeted for growth include areas beyond the Southeastern US, with plans to increase their national footprint. This growth strategy is supported by the recent funding, which will facilitate these initiatives.


Current Investors

LNC Partners

Primary Industry

IT Infrastructure

Sub Industries

Consulting Services, Web Development, Website Hosting, IT Infrastructure, IT Security/Cybersecurity

Website

www.canteytech.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Cantey Tech Consulting - 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)
GrowthCompletedCantey Tech Consulting-

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