Netsurit Strengthens Position with Debt Financing from Sunflower Bank
NEW YORK, Aug. 27, 2024 /PRNewswire/ — Netsurit, a leading managed service provider (MSP) in New York, has recently announced a significant debt financing transaction with Sunflower Bank. This collaboration is a strategic move that will enhance Netsurit’s ability to support its acquisitive growth strategy in the managed services space.
The partnership with Sunflower Bank comes at a pivotal time for Netsurit, which has completed seven successful acquisitions since 2021. Each of these acquisitions has brought strong synergies, expanded the company into new US markets, and enriched its technical expertise. With the newly secured debt package, Netsurit is well-positioned to explore additional opportunities for growth through further acquisitions.
Netsurit is known for providing comprehensive IT solutions, including cloud migration, cybersecurity, backup and disaster recovery, and innovative digital transformation services. With offices in the US and South Africa, Netsurit has earned recognition as one of the top-performing MSPs in the world by Channel Futures and CRN.
On the other hand, Sunflower Bank is a regional bank that offers a full range of financial products and services for personal, business, and commercial customers. The bank’s national technology-focused sector strategy is supported by a suite of traditional banking and risk management products.
The debt financing deal between Netsurit and Sunflower Bank underscores the commitment of both organizations to supporting growth and innovation in the technology sector. This collaboration is expected to pave the way for further strategic developments in the managed services industry.
About Netsurit:
Netsurit, headquartered in New York, is a global leader in IT solutions, offering managed services, cybersecurity, AI capabilities, and strategic insights to organizations of all sizes. With a track record of 27 years, Netsurit has helped over 600 businesses navigate the complexities of the modern workplace by ensuring the security and resilience of critical applications and infrastructure.
About Sunflower Bank:
Sunflower Bank is a regional bank with a commercial focus, providing personalized financial services to businesses and entrepreneurs. With $8.0 billion in assets as of June 30, 2024, and locations across five states, Sunflower Bank offers a full range of banking services, including personal, small business, commercial, wealth management, credit cards, and home loans.
In conclusion, the debt financing transaction between Netsurit and Sunflower Bank marks a significant milestone in the journey of these two organizations towards achieving their strategic objectives. This collaboration is expected to drive further growth and innovation in the managed services sector, benefiting both companies and their clients.
Media Contact:
Jolandi Marais
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SOURCE Netsurit
