Nexus IT, a nationwide provider of IT and consulting services based in Salt Lake City, has acquired Salt Lake City-based IT services provider Intelitechs.
“The merger adds significant value to both teams’ client services, capabilities and product offerings,” Nexus said in a release.
The new entity will retain the name Nexus IT. Current CEO and founder of Nexus IT, Earl Foote, will remain in his role while Intelitechs co-founders Jake Hiller and Eric Sessions will join Nexus IT as key executives, the company said.
“When I began the search for a strategic partner, the most important component of my decision revolved around finding a company that shared Nexus IT’s mission, vision and values that we’ve committed to for the past 24 years,” said Foote. “We found exactly that in Intelitechs. As a result, we are so excited to continue building our culture of integrity that also prioritizes best-in-class client services.”
All members of the Intelitechs team will transition onto the Nexus IT team and will be physically moving into the company’s newly expanded office space at the Industry complex in downtown Salt Lake City this fall.
“We’ve been peers of Nexus IT for many years and have always respected the incredible impact it has had on our industry and local business community,” said Hiller. “Given our own success in the market, we had no intention of shifting our business model but, once we sat down with Earl, we knew that this transition was a victory for everyone involved — the clients, the team and the evolving IT services space.”
Sessions added, “Intelitechs is pumped to bring its stellar expertise to Nexus IT in order to create a ‘super-team’ and build something that’s first of its kind for our clients.”
Financial terms of the transaction were not disclosed.