San Luis Obispo-based TekTegrity has acquired Digital Foundation, continuing a wave of consolidation in the Central Coast IT services industry.
TekTegrity said the deal will make it the largest IT provider on the Central Coast with 42 employees. The company also has a Central Valley location and has about 250 business among its customers.
The move comes just a few years after each of the companies made acquisitions and expanded. In late 2010, TekTegrity acquired Sentinel Network Systems, and Digital Foundation acquired Grover Beach-based Cloud Logic. Now, Digital Foundation’s team will be joining TekTegrity’s.
“Combining our resources and experience will allow us to keep up with industry advancements and develop technology tools to better serve our clients,” TekTegrity CEO Russ Levanway said in a news release.
TekTegrity ranked at No. 17 on the Business Times’ Fastest-Growing Companies awards in 2013 with three-year revenue growth of 108.7 percent to $4.1 million. The company is a past winner of the newspaper’s Spirit of Small Business award.