BusinessThursday, November 5
Fresno-based Xobee Networks has been acquired by New York-based Brite
The Daily Fresno team
Xobee Networks, a Fresno managed IT and cybersecurity provider, has been acquired by New York-based Brite, which announced the deal Tuesday, Nov. 3. The deal expands Brite's operations to the West Coast. “Xobee shares our belief that effective IT management and strong cybersecurity go hand in hand,” said Brite CEO Justin Smith.
Xobee serves customers in 34 states from Fresno
- 1,700+
- customers, more than 1,700
- 34
- states served
- ~100
- employees, approximately 100
- 6
- acquisitions completed since January 2022
Sources: The Business Journal, morningstar.com
- Price: financial terms not disclosed
- Fresno operations, staffing or branding: no changes announced yet
- Brite's owner: Sole Source Capital, a Dallas-based private equity firm
O2 Investment Partners, Xobee's backer since January 2022, announced the sale. Xobee CEO Eric Rawn said the company is “excited about our next chapter in partnership with Brite and SSC.”
Xobee, founded in 1996, is now part of Brite
- 1983Brite was founded and is headquartered in Victor, New York.
- 1996Eric Rawn founded Xobee Networks.
- Jan. 2022O2 Investment Partners made its initial investment in Xobee.
- Jan. 2026Sole Source Capital acquired Brite.
- Nov. 3Brite announced its acquisition of Xobee.
Sources: The Business Journal, morningstar.com
Sources: The Business Journal, morningstar.com