EchoStor Technologies completed the acquisition of Pennant Networks.

EchoStor Technologies, a technology solutions provider, completed the acquisition of Pennant Networks, a provider of IT consulting and technology solutions for biotech organizations. Financial terms were not disclosed. "This acquisition represents a strategic step forward as we expand into highly specialized, high-value markets. Life Sciences demands more than technical expertise; it requires a partner who understands complex regulatory frameworks, data integrity, security, and the operational discipline that defines the industry. Pennant's team brings immediate credibility and proven services capabilities to leading Life Sciences organizations. This positions EchoStor for sustained growth in Life Sciences and advances our long-term vision of building a market-leading platform purpose-built for complex, regulated industries," Mike Johnson, EchoStor Technologies CEO.