TriCore Solutions, LLC
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TriCore Solutions, LLC - overview
Established
1999
Location
Norwell, MA, US
Primary Industry
Business Support Services
About
TriCore Solutions, LLC is a technology firm that offers comprehensive IT services, focusing on optimizing cloud solutions and digital transformations for businesses across various sectors. Founded in 1999 and headquartered in Norwell, US, TriCore Solutions provides IT consulting and managed services. In May 2017, the company was acquired by Rackspace Hosting, Inc. , a move that expanded its service capabilities under new ownership.
The company's CEO is Alhaji Abdul and it has been involved in a total of 2 deals since its inception, with the most recent deal occurring on May 25, 2017. TriCore Solutions specializes in multicloud solutions, concentrating on hybrid cloud and AI offerings that facilitate digital transformation. The company provides a range of services including cloud strategy, migration, application modernization, and managed services, tailored to platforms like Amazon Web Services (AWS), Microsoft® Azure®, and Google Cloud. Their services aim to enhance application performance, security, and operational automation for clients across diverse industries such as healthcare, finance, and retail, with a presence in North America, Europe, and Asia-Pacific.
TriCore Solutions generates revenue primarily through subscriptions and managed services agreements with its clients. They offer tiered subscription plans that allow customers to access their cloud solutions, fostering long-term partnerships. Their offerings, including enterprise-grade AI solutions and private cloud infrastructure, are designed to meet the specific needs of businesses seeking agility and security, emphasizing B2B engagements to align with operational goals. TriCore Solutions plans to launch new cloud-based products in the coming years, focusing on enhancing their AI capabilities and expanding their service portfolio.
The company aims to enter new geographic markets, specifically targeting regions in Europe and Asia-Pacific by 2025. The recent acquisition by Rackspace Hosting, Inc. will enable TriCore to leverage additional resources and expertise in these initiatives, supporting further market penetration and growth.
Current Investors
Apollo , Searchlight Capital Partners, Rackspace US, Inc.
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Offshore IT Services/IT Outsourcing, IT Infrastructure
Website
www.tricoresolutions.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
TriCore Solutions, 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, Trade Sale | Completed | TriCore Solutions, LLC | - | ||||||||
| Add-on | Completed | Database Specialists | - | ||||||||
| Add-on | Completed | G3G, Inc | - | ||||||||
| Growth | Completed | TriCore Solutions, LLC | - |
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