82.1 F
San Fernando
Tuesday, May 17, 2022

Saalex Subsidiary Makes Another Acquisition

 Valeo Networks, a managed security service provider that is a division of Saalex Corp., has acquired Etech Solutions, a similar firm in Iowa.Terms of the deal between Valeo, in Rockledge, Fla., and Etech, in Ankeny, Iowa, were not disclosed. Valeo is owned by Saalex Corp., a Camarillo engineering and information technology services company.Etech Solutions marks the fourth acquisition this year for Valeo Networks, firmly placing its revenue volume in the top 5 percent of managed security service providers nationwide, the company said.Etech specializes in providing information technology services for a variety of industries, including the construction, engineering, real estate, health care and legal sectors.Travis Mack, chief executive of Valeo and Saalex, said that working with a company like Etech helps them achieve a goal of expanding nationwide.“This acquisition establishes our first Midwest-located office, and significantly boosts our capabilities and resources in the areas of cybersecurity, managed services, cloud solutions and network administration offerings,” Mack said in a statement.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

Featured Articles

Related Articles