Meriplex takes over Reliable IT, a vertically oriented managed services provider in the healthcare and financial sectors

According to expectations, it will reach USD 274.20 billion during the projection period, representing a CAGR of 11.2 percent (2021-2026).

Fremont, CA: "Reliable IT adds a substantial presence in the medical and financial MSP/MSSP space for Meriplex. Not only are they bringing over a large portfolio of healthcare and banking clients, but a deep level of industry specific talent to support the customer's needs," said David Henley, CEO of Meriplex. "As with our other strategic acquisitions, we will work together with key stakeholders on the integration and elevating our go-to market solutions for clients. Together, we will accomplish our goal of becoming the best-in-class national MSP/MSSP that delivers on our promises, invests in our employees, and provides an exceptionally high-level of service to our valued clients."

In 2020, the managed services market (also known as the market researched), estimated at USD 152.05 billion. However, according to expectations, it will reach USD 274.20 billion during the projection period, representing a CAGR of 11.2 percent (2021-2026).

The demand for cloud-based solutions has increased significantly since the outbreak of COVID-19, mainly to the adoption of remote working methods by businesses; nevertheless, several industries, including retail, manufacturing, BFSI, and others, have witnessed a significant drop in sales in 2020. As a result, MSPs have seen a drop in income and growth due to providing services to businesses in these areas.

Meriplex, a pioneer in managed cybersecurity and IT solutions that focuses on strategically acquiring managed services providers around the country, purchases assets of Reliable IT, a managed services provider. Reliable IT primarily serves the healthcare and finance industries with specialized managed IT and cybersecurity solutions.

"Having Reliable IT acquired by Meriplex made perfect sense for our employees and clients," said Bill Willett, CEO of Reliable IT. "Reliable spent 11+ years building a strong company to enhance and enrich the lives of our employees, along with providing 24x7 valuable service to our clients. Merging into Meriplex will allow our employees to continue to grow in a larger company and our clients to continue to receive our best-in-class services along with additional quality solutions provided by Meriplex."