• June 19, 2024

Sourcepass, a New York City-based venture company specializing in M&A in the IT and cybersecurity industries, recently acquired a Denver-area IT services provider specializing in automation, security and cloud solutions.

machineLOGIC is the eighth acquisition completed by Sourcepass. The Englewood, Colo.-based company provides managed services to small and midsized businesses, chiefly around AI and intelligent automation technology. According to Chuck Canton, CEO of Sourcepass, the deal expands the company’s roster and geographic reach beyond the east coast of the U.S.

“We are thrilled to have found a partner in machineLOGIC who shares our mission of providing clients an exceptional IT experience,” said  Canton. “In addition to expanding our presence westward, machineLOGIC brings a wealth of highly talented individuals in the fields of Robotic Process Automation, Artificial Intelligence and Digital Marketing. These areas align with our core initiatives for 2023, allowing us to introduce innovative solutions that empower our clients to effectively manage their technology and fuel business growth.”

Financial details of the acquisition were not disclosed.