Alliance Technologies acquires Triple Point Solutions
Alliance Technologies Inc. has acquired Triple Point Solutions Inc., a West Des Moines-based technology services provider specializing in small to mid-sized companies. The privately owned companies did not disclose terms of the transaction. The acquisition allows Alliance Technologies to provide services to a broader range of clients and will significantly increase its market share, said Mike Lang, Alliance’s president.
“By adding Triple Point Solutions to our network offerings and business model, we will be able to provide our services and expertise to a broader range of companies,” Lang said. The acquisition is part of a growth plan the company has had in place for the past couple of years, he said. Alliance had approximately $14 million in sales last year, Lang said
“We continue to grow. Last year was a down economy. I heard the phrase once that flat is the new revenue growth, so we were happy to maintain what we had done the previous year,” he said. Alliance retained 12 of Triple Point’s employees and with the acquisition now has 115 employees.
Triple Point Solutions, which will continue to operate under that name, will gain a three-person telephone help desk, but should see few other changes, said Chad Larson, who co-founded the company in 2007.
“I think there are also advantages with economies of scale,” Larson said. “I can bring in people who are more specialized. We’re kind of pumped about the whole thing. (Alliance’s) size just gives us some things we weren’t able to do before.”
In May 2009, Alliance launched a secure data center in West Des Moines that offers cloud computing services enabling clients to save all of their data and computing resources on Alliance’s “cloud” platform, and in November, opened a Cedar Rapids office. In 2007, Alliance acquired the network management services of ANE Technology Services, and in 2006, purchased Urbandale-based Computility. In both instances, it bought back local companies that had been acquired by larger out-of-state technology providers.
Alliance will stay in acquisition mode, but will probably not acquire another company this year as it integrates Triple Point’s services, employees and clients, Lang said.