Knoxville, Tennessee, April 15, 2016 –
Tennessee-based The Nexus Group, Inc. (“Nexus”) announced today that it has purchased the operating assets of Digital Crossing Networks (“DCN”), East Tennessee’s most-established and reliable data center from its owners, Mr. Nadeem Siddiqi and Mr. Paul Sponcia. Nexus will continue to operate the data center under the Digital Crossing Networks brand. The IT Company, formerly affiliated with DCN, will continue to be owned and operated by Mr. Sponcia.
As part of Nexus, DCN clients will now have access to an even broader suite of technology infrastructure services, including a redundant data center in Nashville, network connectivity, voice, and cyber-security solutions. DCN customers will continue to receive world-class 24×7 support.
Nexus is a provider of technology infrastructure solutions and network integration services to small and medium sized businesses throughout the Southeast. Nexus provides its customers with broadband network connectivity (Internet and WAN solutions), voice services, data backup, colocation, virtual computing, disaster recovery and managed security services.
Nexus COO Stephen Baird states he is looking forward to continuing to serve the existing customers of Digital Crossing Networks and expanding the Nexus footprint in the Greater Knoxville area and East Tennessee; “Nadeem Siddiqi and Paul Sponcia have put together a great data center and great team that is delivering world class data center services and superior customer service. We look forward to continuing and expanding upon their success.”
Paul Sponcia said, “We are confident that the Nexus team will provide the responsiveness, local presence, capital and expertise necessary to continue the high levels of satisfaction DCN has earned from its customers.”
Nexus is headquartered in Nashville, TN and owned by EverWatch Capital (“EWC”) and Nexus’ management. Through organic growth and strategic acquisitions, Nexus plans to grow its footprint in the Southeast as well as offer new cloud-based services to its current and future customers.
Nexus is led by Stephen Baird and David Proctor. Messrs. Baird and Proctor each have over 20+ years’ experience in Telecommunications and Information Technology services with operational experience in cable television, broadband, VoIP, RLEC, carrier services, network/cyber security, and compliance within government and enterprise organizations.
EWC invests in established and growing privately held companies. Over the past decade, EWC has led investments and helped to create value in its portfolio companies. Under EWC ownership, these businesses have extended product and service offerings and expanded geographic coverage, through both organic growth and acquisitions, resulting in significantly increased revenues and profitability. More information about EWC may be found at www.everwatchcapital.com.
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