Lockstep Technology Group Acquires BridgeTek Solutions

Atlanta, GA, and Piedmont, SC — Lockstep Technology Group (“Lockstep”), a leading provider of technology solutions dedicated to serving the unique needs of Information Technology in the State, Local, and Education (“SLED”), and Corporate markets, announced today that it has acquired BridgeTek Solutions (“BridgeTek”), a leader in education IT solutions. With a shared focus in the education industry, the combination of Lockstep and BridgeTek provides for a complete turn-key offering of technology solutions that range from industry-leading advanced engineering and cybersecurity services to devices, leading-edge virtual reality offerings, and cloud-based solutions. This unique industry focus and suite of services enables a robust, scalable, innovative, secure, and highly engaging learning environment that allows education institutions across the southeast to serve students where they are.

BridgeTek founder and CEO, Bill Buchanan, noted, “ BridgeTek is a purpose-driven organization passionate about impacting students and educators and Lockstep mirrors our commitment to our constituents entirely. Our shared client-centric culture ensures that our customers will benefit from the universal care and commitment that have been hallmarks of our companies.”

The acquisition of BridgeTek follows the launch of Lockstep Education earlier this year, a strategic innitiative that enabled Lockstep to focus on the evolving needs of the education market. Lockstep Education’s mission is to enable student success by elevating and enhancing education through technology. From solutions in cybersecurity and managed services to individual devices, Lockstep is transforming the way technology services are delivered in education.

“With the launch of Lockstep Education, we’ve been distinctly focused on growing our education-focused service offerings and expanding our geographic reach outside of our home base in Atlanta. Bill and his team at BridgeTek have built a great organization that directly embodies this education focus and allows us to accelerate our mission of creating the most dynamic IT services company in the Southeast. We are excited to welcome them to the Lockstep family and look forward to better serving our clients through an expanded platform of capabilities,” said Mahendran Jawaharlal, CEO, Lockstep Technology Group.

Lockstep is a portfolio company of Renovus Capital Partners, a Philadelphia-area private equity firm specializing in the Knowledge and Talent industries.

About Lockstep

Lockstep Technology Group provides IT solutions and services that enable organizations to focus on their core mission. Lockstep Technology Group recognized that technology in education is different and founded Lockstep Education, a purpose-driven organization that believes technology is at the core of education. Lockstep Education’s mission is to empower and augment education technology teams to be strategic enablers in a rapidly changing environment. In short, we eliminate the distractions and complexity of infrastructure, security, and access to allow our clients to better serve their constituents. To learn more, visit www.lockstepgroup.com or www.lockstepeducation.com

About BridgeTek

BridgeTek Solutions LLC is a leader in IT Solutions specializing in the K-12, Higher Education, and State and Local Government markets. BridgeTek’s suite of offerings ranges from leading-edge classroom technology to student-focused devices and security solutions. For more information, visit www.bridgeteksolutions.com

About Renovus

Founded in 2010, Renovus Capital Partners is a private equity firm specializing in the Knowledge and Talent industries. Renovus, based in the Philadelphia area, manages $1 Billion across several investment vehicles. The firm’s current portfolio includes over 20 U.S. based businesses specializing in educational technology and content, higher education, corporate learning and development, healthcare services and technology services. Renovus typically partners with founder led businesses, leveraging its industry expertise and access to debt and equity capital to make operational improvements, pursue tuck-in acquisitions and oversee strategic growth initiatives. More information can be found at www.renovuscapital.com

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