Handy Networks LLC
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Handy Networks LLC - overview
Established
1997
Location
Greenwood Village, CO, US
Primary Industry
IT Infrastructure
About
Handy Networks LLC provides specialized IT services that include cloud solutions, data center management, and infrastructure support, aimed at facilitating secure and flexible operations for businesses across various sectors. Founded in 1997, Handy Networks LLC operates from Greenwood Village, US, focusing on delivering tailored IT solutions. The company has pivoted its operations to adapt to the evolving technological landscape, enhancing its service offerings. It was acquired by Summit Hosting LLC in November 2022 to expand its customer base and expertise.
The acquisition signifies a strategic move to enrich the service portfolio and operational capabilities. The firm does not have any known subsidiaries or parent companies. Handy Networks LLC specializes in providing comprehensive cloud, data center, and IT services tailored to meet clients' unique needs. Their core offerings include application hosting, cloud migration, infrastructure as a service (IaaS), and disaster recovery services.
These solutions empower businesses by ensuring secure access to applications and data, thereby supporting a hybrid workforce. The company's services are utilized by over 30,000 monthly users from various sectors including healthcare, finance, and technology, relying on Handy Networks LLC for high availability and robust security. The firm operates across multiple geographical markets, including North America, Europe, Latin America, and the Asia/Oceania regions, delivering innovative solutions to diverse clientele in major cities such as Amsterdam, London, and Sydney. Handy Networks LLC generates revenue through a structured model encompassing service subscriptions and partnerships, catering to businesses requiring reliable IT infrastructure solutions.
Clients typically engage in contractual agreements that cover a range of services, including managed backup, cybersecurity, and dedicated server offerings. Pricing plans accommodate various business sizes and requirements, with flexibility in service levels to suit specific needs. Flagship offerings like the Secure Workspace and disaster recovery solutions exemplify the premium services provided by the company, characterized by ongoing service fees based on usage and contract terms, fostering long-term relationships with clients who depend on Handy Networks LLC for their IT operational needs. Looking ahead, Handy Networks LLC aims to leverage its recent acquisition by Summit Hosting LLC to broaden its market reach and enhance service offerings.
The acquisition in November 2022 will support the expansion of its customer base and introduce new areas of expertise. Future initiatives focus on developing new products and services, although specific upcoming releases are not yet detailed. The company will target expansion into new markets, including further penetration into Europe and Asia, by 2024, utilizing the resources and strategic direction provided by Summit Hosting LLC.
Current Investors
Summit Hosting LLC
Primary Industry
IT Infrastructure
Sub Industries
IT Infrastructure
Website
http://www.handynetworks.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Handy Networks LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Handy Networks LLC | - |
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