TIEVA is delighted to share that on July 12, 2023, TIEVA’s parent company, Fulcrum IT Partners ("Fulcrum"), announced its successful acquisition of Canadian IT services provider, Stoneworks Technologies. For more than two decades, Stoneworks Technologies has been providing IT consulting, implementation, and integration services for various platforms and solutions to Canadian-owned businesses.
Headquartered in Ottawa, Canada, Stoneworks has achieved significant growth, amassing an impressive annual revenue of over $120 million. Its team of 25 dedicated employees has been instrumental in building and maintaining reliable and resilient infrastructures for more than 500 corporations and government agencies within Canada. Stoneworks has forged valuable partnerships with technology vendors such as Cisco, Dell, Hitachi, HPE, and VMware, contributing to its reputation as a trusted and competent service provider.
This acquisition marks Fulcrum's third successful acquisition of the year 2023 and further enhances its presence across the globe. Of particular value to the group is Stoneworks' impressive customer portfolio, which includes departments and agencies within the Canadian Federal Government, as well as clients in the public sector. This addition complements Fulcrum's expertise in the public sector and strengthens its position as a leading global IT service provider in this domain.
“With the acquisition of Stoneworks, Fulcrum will continue its mission to deliver positive customer outcomes through a comprehensive portfolio of cybersecurity services. This acquisition allows Fulcrum to build upon our success and grow beyond $1B in revenue by the end of 2023. We are excited to bring together the best of both organisations and create more value for our customers locally and worldwide,” notes Mark Lee, Global President of Fulcrum Titanium.
TIEVA extends a warm welcome to Stoneworks Technologies and eagerly anticipates the possibilities that our combined expertise and resources will unlock for our valued customers.
For the full press release, please click here.