Sylogist Announces Divestiture of its Managed IT Services Division
Calgary, Alberta–(Newsfile Corp. – June 28, 2024) – Sylogist Ltd. (TSX: SYZ) (“Sylogist or the “Company”), a leader in public sector SaaS solutions, is divesting its non-strategic Managed IT Services division to Mountain View IT Solutions (“MVITS”) of Calgary, AB. “Consistent with our strategy to hand-off professional service activities to a carefully vetted partner community over time, this divestiture allows us to further concentrate our efforts on growing the SaaS aspect of our revenue profile, where we see accelerating value creation and leverage opportunities, “said Bill Wood, CEO of Sylogist. “We are confident that MVITS is well-positioned to deliver exceptional value to our Managed IT Services customers and our combined teams are committed to ensuring a smooth transition for the modest number of customers it affects. MVITS will join our partner community going forward whereby they render managed IT services to Sylogist customers that require it.”
For more information, please contact:
Sujeet Kini, Chief Financial Officer
Sylogist Ltd.
