Ashland's ASH IP Invests in TekStream to Boost Digital Resiliency Services
- ASH Investment Partners invests in TekStream Solutions to boost digital resiliency and enhance tailored digital services.
- This investment is ASH IP's third from its $150 million digital services fund, focusing on expanding digital solutions.
- The partnership aims to modernize client infrastructures, addressing growing cyber threats and enhancing operational efficiency.
ASH IP Invests in TekStream Solutions to Enhance Digital Resiliency Services
ASH Investment Partners, LLC (ASH IP), a private equity firm based in Atlanta, has made a significant investment in TekStream Solutions, LLC (TekStream), a managed services provider focused on digital resiliency. Founded in 2011, TekStream serves nearly 200 active clients across both commercial and government sectors, offering a range of services including cloud migration, managed detection and response (MDR), Security Operations Center (SOC) services, and workforce consulting. This partnership aligns with ASH IP's commitment to empowering businesses through tailored digital solutions and reflects a shared vision for growth between the two organizations.
Rob Jansen, CEO and co-founder of TekStream, expresses enthusiasm about the collaboration with ASH IP. He highlights the importance of a values-driven partnership that prioritizes client and employee empowerment. This investment marks ASH IP's third platform investment from its recently closed $150 million digital services fund, indicating a robust commitment to expanding its portfolio in digital solutions. Andy Heyman, Managing Partner at ASH IP, emphasizes the necessity of enhancing digital resiliency services in an era characterized by increasing cyber threats. The alignment between ASH IP and TekStream is expected to provide both companies with the resources and expertise needed to navigate the complex digital landscape.
The partnership aims to enhance TekStream's capabilities, further solidifying its position in the market as a leader in digital resiliency. The investment will enable TekStream to modernize and secure the digital infrastructures of its clients, which is becoming increasingly vital in today's technology-driven environment. Legal representation for ASH IP during this transaction is managed by Nelson Mullins, while Reed Smith represents TekStream, highlighting the careful planning and execution behind this strategic investment.
In addition to the financial backing, the collaboration is set to foster innovation and growth within TekStream, allowing the company to better address the evolving needs of its clients. As organizations face mounting challenges from cyber threats and the demand for robust digital infrastructures, this partnership positions both ASH IP and TekStream to play a pivotal role in enhancing security and operational efficiency for a diverse range of clients.
Overall, the investment in TekStream by ASH IP underscores the growing importance of digital resiliency services in today’s business landscape, marking a strategic move that aligns with both firms' objectives for sustainable growth and enhanced client support.