CBTS
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CBTS - overview
Established
1994
Location
Cincinnati, OH, US
Primary Industry
Outsourcing
About
Established in 1994 and based in Ohio, US, Cincinnati Bell Technical Services, doing business as CBTS operates as a software solution that provides communication solutions for entities such as networking, IT support, and consulting services. In February 2024, TowerBrook agreed to acquir a CBTS from altafiber. As of February 2024, the company is being led by its President and CEO, Jeff Lackey. The firm’s offerings encompass application modernization, managed hybrid cloud, cyber security, unified communications, and infrastructure solutions.
CBTS also promotes increased security, faster time-to-market, and accelerated innovation. The company employs a holistic approach, conducting outcome-based assessments, facilitating cloud-native app development, ensuring secure app migration, and optimizing support operations. Their services cover application modernization, cloud-native app development, DevOps, automation, and more, with a focus on mitigating security risks and enhancing business outcomes. The company intends to use the February 2024 funds to expand its business services and increase its market presence coverage.
Current Investors
TowerBrook
Primary Industry
Outsourcing
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing, Application Integration Software
Website
www.cbts.com
Verticals
Cloud Computing
Total Amount Raised
Subscriber access only
CBTS - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, Secondary Buyout | Completed | CBTS | - |
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