With this acquisition, SyncSite enters its next phase of growth backed by new leadership and expanded strategic vision.
SyncSite, a software development and managed IT services provider that has operated for nearly three decades, has changed hands in a major transaction arranged by Lenny Farber and Doug Grindstaff of Website Closers, which describes itself as the world’s largest Tech & Internet business brokerage. The deal stands out because the company fetched close to its asking price — a signal that buyers still place real value on recurring revenue and entrenched client bases in the software and IT services sector, even as Silicon Valley firms face what the announcement described as a “weary” status.
The company was taken to market and purchased at near its asking price, a result attributed to the strength of its recurring revenue, client retention, and legacy market position. The outcome also points to continued confidence in the software and IT services sector.
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A 28-Year Legacy in Software and IT Innovation
SyncSite was founded in 1996 and has spent 28 years establishing itself as a trusted technology partner for clients in manufacturing, distribution, and technology. Its offerings span custom software development, CRM systems, business intelligence tools, email marketing automation, managed IT services, and hosting solutions.
That mix of software engineering expertise and recurring managed services revenue has allowed SyncSite to hold onto long-term clients while continuing to draw new enterprise customers. Its focus on mission-critical business systems made it a highly attractive acquisition target in the middle-market technology services space.
A High-Value Strategic Transaction
The sale price reflects both the company’s strong operational performance and market demand for established technology service providers with stable revenue streams.
“SyncSite represents the type of high-quality technology business buyers actively seek: deep client relationships, diversified service lines, and durable recurring revenue,” said Lenny Farber, broker at Website Closers. “Its 28-year operating history and strong positioning in enterprise technology solutions drove significant buyer interest.”
Co-broker Doug Grindstaff added, “Businesses with this level of tenure, client loyalty, and technical infrastructure are rare in today’s market. This was a sophisticated transaction requiring the right buyer fit and strategic positioning.”
A Fresh Chapter Under New Ownership and A Successful Exit for the Founder
Buyer Isaac Stoll sees significant opportunity to build on SyncSite’s strong market position and expand its technology offerings.
“SyncSite has built an exceptional reputation in software development and IT services,” said Stoll. “Its combination of custom solutions, managed services, and long-standing enterprise relationships creates a strong foundation for growth. I look forward to expanding its capabilities and market reach.”
For seller Nick Kyriazis, the transaction marks a successful exit after nearly three decades of leadership and innovation.
“SyncSite has been built on trust, technical excellence, and long-term customer success,” said Kyriazis. “Lenny, Doug, and the Website Closers team guided this process with professionalism and precision, helping us secure the right buyer and a strong outcome.”
With this acquisition, SyncSite enters its next phase of growth backed by new leadership and expanded strategic vision. Its nearly three decades of market presence, recurring revenue infrastructure, and enterprise client relationships position the company for continued expansion in the evolving software and managed services sector.
Congratulations to Website Closers and all the parties involved in this wonderful transition!
BUSINESS BROKERS
Lenny Farber
https://www.websiteclosers.com/broker/lenny-farber/
516-581-5949
https://www.linkedin.com/in/lenny-farber-aa44b35/
Doug Grindstaff
https://www.websiteclosers.com/broker/doug-grindstaff/
866-540-4670
https://www.linkedin.com/in/douggrindstaff/
ABOUT WEBSITE CLOSERS
As the world’s largest Full Service Tech & Internet Mergers & Acquisitions Brokerage, Website Closers is dedicated to providing M&A Services to a wide range of private companies from as small as $1 Million to as large as $1 Billion across the globe, including Technology, Software, Internet, eCommerce, Amazon, and other Digital companies.
Jason Guerrettaz
Website Closers
+1 800-251-1559
jguerrettaz@websiteclosers.com
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Why it matters
The near-asking-price sale of a 28-year-old IT services firm suggests buyers remain willing to pay premium multiples for businesses built on recurring revenue and sticky enterprise relationships, even amid broader unease in the technology sector. For founders eyeing an exit, SyncSite’s outcome offers a case study in how longevity and diversified service lines can translate into strong buyer interest.
