Mill Point Portfolio Company to Acquire Engineering and IT Services Provider

Philadelphia, PA — October 27, 2020 — Anexinet Corporation, a Mill Point Capital LLC portfolio company and a leading provider of digital business transformation solutions, today announced the company has entered into a definitive agreement to acquire SereneIT, an Engineering and IT solutions firm, managed services provider, and value-added reseller. The acquisition will broaden Anexinet’s services around data centers, Artificial Intelligence/Machine Learning (AI/ML), automation, and cloud & hybrid IT. Further, the acquisition will expand Anexinet’s capabilities into containerization, a trending development-alternative to virtualization.

“SereneIT’s IP and innovative approach greatly strengthens Anexinet’s offerings for large enterprise clients whose infrastructure needs are becoming increasingly complex,” said Todd Pittman, CEO, Anexinet. “We welcome SereneIT into the Anexinet family and look forward to leveraging our complementary capabilities to benefit existing customers while enabling us to expand our reach and pursue new relationships throughout the Southeastern U.S., and beyond.”

With a focus on IT engineering and automation for organizations of all sizes and sectors, SereneIT has filed patents and won leadership and sales awards from HPE and Synnex. SereneIT is an IT engineering firm for the next generation. Their team transforms systems to reflect modern innovation, manages and protects client organizations’ infrastructure and data, and creates and maintains predictive infrastructure through automation.

“Anexinet’s broad client base—combined with their deep expertise in digital transformation—made them an ideal partner. Combined, our synergistic skill sets will extend existing technology partnerships and strengthen our IT solutions,” said Greg Tinker, CEO, SereneIT. “Together, we’ll help our customers leapfrog the competition by modernizing their infrastructure, developing innovative, contextual applications, and driving further evolution through advanced analytics.”

In addition to combining a unique set of IT specializations and industry certifications under one roof, the acquisition will enable the combined companies to offer a broader suite of highly-customized data protection, hyper-convergence, and robust cloud-based solutions.

“SereneIT’s engineering expertise greatly strengthens Anexinet’s breadth of offerings and innovative capabilities,” said Michael Perdue, Anexinet Chairman of the Board and Mill Point Capital Executive Partner. “Anexinet’s record of client success springs from a culture rooted in thought leadership and delivery excellence, and SereneIT’s passion and collaborative approach make them an ideal cultural fit. Mill Point is committed to continuing to invest both organically and through acquisition to expand Anexinet’s offerings and exceed client expectations.”

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