Simplegrid Technology, Inc.
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Simplegrid Technology, Inc. - overview
Established
2010
Location
East Brunswick, NJ, US
Primary Industry
Outsourcing
About
Based in the US, Simplegrid Technology, Inc. provides managed IT services and technology consulting for various industries such as legal, financial, and healthcare, ensuring operational efficiency and robust IT infrastructure for clients. Founded in 2010 in East Brunswick, US, Simplegrid Technology, Inc. focuses on delivering tailored managed IT services.
The company has conducted one deal, with the most recent on September 22, 2025, when CompassMSP, LLC acquired it for undisclosed financial terms. This acquisition aims to enhance CompassMSP’s presence in the Northeast and improve client technology support. Simplegrid Technology, Inc. specializes in managed IT services and technology consulting for sectors including legal, financial, and healthcare industries, as well as private clubs.
Their offerings include flat-rate managed IT services that enhance cost efficiency and reduce risks, such as IT support, cloud services, cybersecurity, and VOIP services. This positions them as a Virtual IT Department and outsourced CTO for clients ranging from small law firms to large medical practices across New York City, New Jersey, and Philadelphia. Simplegrid Technology, Inc. generates income primarily through a subscription-based revenue model, engaging clients in long-term contracts for managed IT services.
This model facilitates predictable revenue via recurring payments for services like 24/7 IT support, system monitoring, and technology assessments, contributing to a steady income stream. Their pricing structure is tiered depending on support levels and IT infrastructure complexity, focusing on business-critical applications and data security solutions essential for compliance in regulated industries. The acquisition by CompassMSP, LLC in September 2025 is set to expand its Northeast operations and enhance commitment to client technology. Although specific new product launches haven't been disclosed, this strategic move emphasizes growth in service delivery.
The acquisition will enable CompassMSP to strengthen its technology solutions across the region, aligning with broader market expansion goals.
Current Investors
CompassMSP, LLC
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Simplegrid Technology, Inc. - 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 | Simplegrid Technology, Inc. | - |
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