Brennan IT buys 50 percent stake in Fastrack Technology

Fastrack Technology today announced it has 'secured a deal' to sell a fifty percent stake of the business to Australian managed services provider (MSP), Brennan IT.

Fastrack Technology specialise in IT services, connectivity and cloud infrastructure and has specific sector expertise in enterprise connectivity, device management and Microsoft consulting, while Brennan IT one of Australia's leading MSPs with a specific focus on cloud computing, networking, and infrastructure solutions.

Managing director at Fastrack Technology, Yoni Kirsh says the two companies have a similar approach but complimentary skill sets.

"We're excited to have the opportunity to expand our respective businesses and co-develop processes that will bring our combined knowledge and experience to both enterprise and mid-market customers," Kirsh says.

And so how will this deal work? Fastrack Technology will continue to provide most of its existing products and services, however there will be an increased focus on creating a tight and focused set of solutions in order to streamline customer engagement and make it easier for businesses to procure services.

Chairman of Brennan IT, Dave Stevens says the company has made a financial investment in Fastrack Technology, with the aim to share their skills and expertise to achieve positive financial returns.

"Fastrack is a standalone business and the team is focused on maintaining the culture of an agile approach blended with service excellence," says Stevens.

"We see the relationship between Brennan IT and Fastrack Technology as a symbiotic one. We're looking to integrate some of Fastrack Technology's deep skills in Microsoft System Center Configuration Manager (SCCM) that are more enterprise-focused and bring them to the mid-market, to benefit our more traditional customer base.

Stevens will be joining Kirsh as a non-executive director at Fastrack Technology.

It's certainly been an eventful journey for Brennan IT, initially founded in 1997 with a skeleton crew, to now possessing a client roster that includes more than 1000 of Australia's businesses and brands.