May Marked Major Tech Acquisition; iV4 Becomes “iV4, a ProArch Company”
Posted on June 1, 2020
Two great companies have come together. ProArch, a global cloud consulting and product engineering company, acquired Rochester-based iV4 last month.
The two businesses, separately, complement each other: ProArch’s strengths are in product engineering, data and cloud services, while iV4’s strengths are in managed services, networking, cloud architecture and cybersecurity.
With the acquisition, iV4 became iV4, a ProArch Company.
There are leadership changes as a result of the acquisition: Santosh Kaveti, ProArch’s current CEO will continue in that position. iV4’s current CEO Michael Spoont will serve as president of ProArch and CEO and President of iV4, a ProArch Company.
“This big step is about growth and the next generation of iV4,” Spoont said. “By joining together, iV4 and ProArch will form a powerful force in cloud consulting, cybersecurity, data science and product engineering. The blending of capabilities will complement one another and allow us to compete on a higher, more scalable level moving forward. We will now have a comprehensive solution stack service offering fully enabled to design, execute and support cloud-first, data-driven business transformation for our clients. While this is a big change for our organization, there will be new individual opportunities for everyone to also grow.”
ProArch is headquartered in Atlanta, with offices in London, India and Singapore. It has 215 employees and more than 200 clients around the globe. In 2019, ProArch started looking for a firm to complement its business strengths, address current gaps and establish a greater US presence. iV4 was that firm.
“We started our roots as a small company headquartered in Syracuse with a half-dozen people,” Spoont said. “The 2011 merger with Integrity Networks System took us to the next level. We’ve experienced double-digit growth over the past several years and we’re continuing that journey of growth and evolution now with ProArch. It has been quite a journey and we have certainly evolved over that time. Our commitment to our team and our clients is stronger than ever.”