PRESS RELEASE

Investment to expand into new markets & fuel growth

Lexington, Ky. (December 10, 2018) NetGain Technologies is pleased to announce an investment by Evergreen Services Group, a family of leading managed IT services providers across the U.S. NetGain Technologies is the leading provider of IT services to mid-sized businesses across the South Central United States and is the 12th investment for Evergreen this year. NetGain will continue to operate independently under its leadership team.

“This is an incredible opportunity for our business,” said Jason Jacobson, CEO of NetGain Technologies.  “Evergreen’s approach to investing in companies for the long-term and allowing them to operate independently, gives us confidence that our brand, customers, and employees will flourish with the Evergreen investment.”

“NetGain Technologies is one of the largest and best operated IT service providers that we have encountered in building Evergreen,” said Jeff Totten, Evergreen’s CEO. “We’re thrilled about the opportunity to partner with NetGain’s world-class management team and to invest in NetGain’s growth and continued commitment to exceptional customer service.”

Evergreen selected NetGain Technologies for investment due to their high quality managed IT services, which are ranked among the best in the world by MSPmentor and CRN. Today, NetGain Technologies monitors, manages, and maintains the systems and networks that support over 10,000 computer users across the region. The company’s best-in-class, managed services are delivered from a state-of-the-art network operations center, operating 24x7x365, with 85 engineers and technicians who hold 250 technical certifications. NetGain Technologies is SOC 2-certified. The company is headquartered in Lexington, KY, with local offices in Chattanooga, TN, St. Louis, MO, Little Rock, AR, Louisville, KY, and Cincinnati, OH. Evergreen’s investment will allow the company to expand into new markets and support NetGain’s organic growth plans.

“The entire NetGain team has worked hard to build a world-class IT services company,” said Brendan Jacobson, President of NetGain Technologies. “Evergreen’s investment confirms our standing as one of the most successful IT services providers in the country. It is extremely gratifying to achieve this new milestone which will fuel the company’s expansion strategy.”

The Evergreen investment will empower NetGain Technologies to reignite its acquisition strategy, while doubling down on client happiness. “NetGain’s operational maturity make it an ideal platform upon which we can add additional MSPs,” commented Ramsey Sahyoun, Evergreen’s Head of M&A. “We have never seen such an impressive NOC and help desk, so NetGain’s high customer satisfaction scores, and ability to serve some very sophisticated customers, come as no surprise. It’s really a great foundation for growth.”

NetGain Technologies follows Evergreen’s investments in Wolf Consulting, Executech, Jenlor, Interlaced, and Integritek earlier this year. Evergreen continues to actively invest in leading managed services providers throughout the United States, where it can serve as a long-term capital partner and support future growth.

ABOUT NETGAIN

Since 1984, NetGain Technologies has delivered IT services to companies across the South Central U.S. NetGain Technologies managed services allow clients to focus on their business growth and success, secure in the knowledge that their IT infrastructure is always operational and serves their needs. With a multi-state regional footprint and a three-decade pedigree, the company has helped thousands of clients grow their businesses by leveraging best-in-class IT services and solutions. For more information about NetGain Technologies, visit www.netgainit.com.

ABOUT EVERGREEN SERVICES GROUP

Evergreen Services Group is a family of leading IT Services companies operated by world-class leadership teams and service professionals. Evergreen partners with owners of IT Services companies to provide operational assistance and capital in support of growth and exceptional service delivery. Evergreen differentiates itself by providing a permanent home for founder-led businesses that care deeply about their customers and employees. For more Evergreen Services Group news and information, visit www.evergreensg.com.

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