HigherGround Managed Services, LLC
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HigherGround Managed Services, LLC - overview
Established
1998
Location
Rolling Meadows, IL, US
Primary Industry
IT Infrastructure
About
HigherGround Managed Services, LLC provides comprehensive managed IT solutions and cybersecurity services, specializing in assisting businesses to navigate complex technological environments efficiently. Founded in 1998, HigherGround Managed Services, LLC is based in Rolling Meadows, US, and primarily operates within the managed services sector. In July 2019, the company was acquired by Ntiva, Inc. , a portfolio company of Southfield Capital, marking a significant strategic pivot for its operations.
The acquisition aimed to enhance service offerings and expand reach in the managed IT services industry. HigherGround focuses on delivering managed IT services, IT consulting, and cybersecurity solutions tailored to support businesses. They provide round-the-clock access to IT experts, addressing a variety of challenges including data security and infrastructure management. Their services are designed to improve operational efficiency and facilitate transitions to advanced technologies for clients across various sectors, such as healthcare, finance, and manufacturing.
The revenue model for HigherGround is built on subscription-based managed services and consulting fees, which generate a stable income from a diverse client base. The company engages in B2B partnerships, offering structured pricing plans that include monthly subscription fees for managed IT services and fixed project-based fees, ensuring that clients receive tailored support to meet their unique technological needs. Following its acquisition in July 2019, HigherGround is poised for growth with plans to enhance service offerings and expand into new markets. The recent funding will support initiatives to develop new products and services and promote growth in key geographic regions.
HigherGround aims to introduce additional cybersecurity solutions and expand its presence in regions across North America by 2023.
Current Investors
Ntiva, Inc.
Primary Industry
IT Infrastructure
Sub Industries
Consulting Services, Hardware, IT Infrastructure, Analytics & Performance Software, Monitoring & Security Software
Website
www.highergroundmsp.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
HigherGround Managed Services, 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 | HigherGround Managed Services, LLC | - |
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