Seaport Capital (“Seaport”), a New York-based private equity firm, has acquired CyberlinkASP (“Cyberlink”) from Staple Street Capital (“Staple Street Capital” or “SSC”), a leading middle-market private equity firm. Cyberlink is a managed service provider (“MSP”) offering fully-outsourced IT management services to SMB and enterprise customers. Seaport Capital funded the investment through Seaport Capital Partners VI, a $240 million private equity fund. Cyberlink will be Seaport’s sixth investment in the fund.
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“I am grateful to Staple Street Capital for being an invaluable partner. The SSC team has provided instrumental support throughout our partnership, by investing in our management infrastructure, helping us strengthen our business processes, and supporting acquisitions that have diversified and strengthened our platform.”
Founded in 1999 and headquartered in Dallas, Texas, Cyberlink offers a full suite of IT management services, including Desktop-as-a-Service (“DaaS”), application hosting, network management, disaster recovery, and cybersecurity. The Company’s virtual DaaS platform supports an integrated, secure, and compliant remote IT environment suitable for enterprises across end markets, including regulated verticals such as healthcare, legal, and financial services. Cyberlink hosts over 100 applications in public and private cloud environments for customers across the U.S. The Company differentiates itself with the flexibility to serve customers across its five, geographically diverse data centers supported by 24x7x365 customer support.
Chris Lantrip, CEO and co-Founder of Cyberlink said, “After spending the last few months with the Seaport Capital team, we believe they are the right strategic partner for Cyberlink’s next phase of growth. I’m looking forward to executing key initiatives that will allow our business to continue to grow and scale to its full potential. Seaport’s sector experience in tech-enabled services and its approach to partnership give us confidence and enthusiasm as we enter this next chapter.”
Scott McCormack, Partner at Seaport Capital said, “We’re excited to work with Cyberlink’s experienced management team and grow the business together through multiple avenues. The Company’s consistent focus on customer service has led to long-term customer relationships and strong customer retention. In addition, the Company operates in a highly fragmented market that offers acquisition opportunities, aligning well with Seaport’s investment strategy.”
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Seaport Capital Partner Drew Meyers said, “We’re looking forward to partnering with the Cyberlink management team. They bring years of experience to the Company which, combined with Seaport’s 25-year history of investing in the internet infrastructure market, we believe sets our partnership up for long-term success.”
Chris Lantrip commented, “I am grateful to Staple Street Capital for being an invaluable partner. The SSC team has provided instrumental support throughout our partnership, by investing in our management infrastructure, helping us strengthen our business processes, and supporting acquisitions that have diversified and strengthened our platform.”
The partners at Staple Street Capital added, “Cyberlink has demonstrated their ability to serve as a trusted provider of DaaS and MSP services. We are pleased with the work we have done to help the Company strengthen their leadership position and build a strong foundation for continued success.”
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