Absolute Performance Completes Third Add-on with the Acquisition of NDM Technologies
Enhances IT Managed Services Platform with Managed Security Services Capabilities
October 11, 2022
San Diego, CA – Absolute Performance, Inc. (“API”), a Seaside Equity Partners, LLC (“Seaside Equity”) portfolio company is pleased to announce the acquisition of Network Design & Management, Inc. (“NDM”), a leading provider of managed security and managed IT services, serving mid-size to enterprise clients across the United States. Since its founding in 1994, NDM has served as a trusted partner to its growing customer base, serving as a single point of contact for information technology solutions. NDM complements API’s end-to-end IT managed services offerings to enterprise and middle-market clients across the United States.
“NDM’s expertise in Cybersecurity will be a highly strategic addition to the Absolute Performance platform. We will be able to better serve our customers by providing advanced MSSP offerings that will be extremely complementary to our current solutions. It will also provide additional opportunities for growth for our employees within the organization. I am ecstatic to welcome the NDM team into the family,” said Scott Shafer, CEO of Absolute Performance.
“We are very excited to partner with the API and Seaside teams. We believe that the API team has the strategic momentum that will allow NDM to continue to flourish.” said Dusty Miller, Founder and President of NDM. “API has the management, infrastructure, solutions, and sales team to help take NDM to the next level. I’m excited to see what our partnership can do going forward,” said Sandy Miller, Founder and CEO of NDM.
“The acquisition of NDM represents another important step for the API platform. Combining API with a leader in the managed security services space opens the door to new customers and strengthens API’s suite of end-to-end solutions. We have now completed three add-on acquisitions for the API platform, each adding new highly strategic solutions so API can better serve its customers. We will continue to explore additional partnerships within the managed IT and security space to strengthen the platform,” said Navid Shirazi, Managing Director at Seaside Equity.
About Absolute Performance
Absolute Performance, Inc. (“API”) is a leading provider of IT managed services with customers ranging from Fortune 500 to mid-market organizations across a wide range of verticals. API provides an end-to-end suite of IT services including 24/7 infrastructure management, Cybersecurity, IBM i (AS400) and AIX services, end-user IT help desk, cloud hosting, and data and application modernization services. API is based in Broomfield, CO.
For additional information on Absolute Performance, see www.absolute-performance.com.
About Seaside Equity Partners
Seaside Equity Partners is a growth-oriented and operationally focused private equity firm based in San Diego, CA. The firm seeks to provide capital, resources and strategic support to leading mission critical services businesses that are headquartered in the Western United States. Seaside is currently investing out of a $160 million investment vehicle that closed in February 2021, which focuses on partnering with founder, family, and entrepreneur-owned businesses.
For additional information on Seaside Equity Partners, see www.seasideequity.com.