Announced

RLJ Equity Partners acquired Virteva to merge into Crossfuze.

Synopsis

RLJ Equity Partners, an affiliate of the RLJ Companies, acquired Virteva, a managed IT services provider, to merge into Crossfuze, an IT service management company. Financial terms were not disclosed. We believe the Crossfuze and Virteva teams are a winning combination for customers. Combining the strengths of the two entities will advance our strategic vision and accelerate our growth,” said Nigel Howard, principal at RLJ. “Both leadership teams have demonstrated their ability to deliver significant value to customers and partners while providing employees the ability to advance their careers by establishing a culture of innovation and collaboration.”

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