Lyra Technology Group, an Evergreen Services Group Company, Announces an Investment in Lazorpoint
Cleveland, OH—Lyra Technology Group, a family of leading managed IT services providers backed by Evergreen Services Group, announced today that it has made an investment in Lazorpoint. Lazorpoint is a leading provider of IT services to businesses in the Cleveland area. The company will continue to operate independently under its existing leadership team.
“Dave Lazor has built one of the leading managed services providers in the Cleveland area” said Elliott Hyman, CEO of Lyra Technology Group. “We are excited to support Lazorpoint’s sustained growth as part of the Lyra Technology Group family. We have enjoyed working with Dave since our first interaction and admire Lazorpoint’s deep commitment to their employees and clients.”
“Out of the half dozen prospective partners we spoke with, Evergreen stood out as the best long-term partner for our team, our clients, and our shareholders. It means more opportunities for our people to grow and more resources to better serve our clients. After hours of discussions with their team, their strong and extensive track record of partnering with companies like ours, it was clear there was the high-level philosophical alignment necessary for a great future together. Over the long haul, we believe Lyra is the best partner to further our mission of helping people and organizations become their best” said Dave Lazor, Lazorpoint’s Founder & President. Lyra selected Lazorpoint for investment due to their extensive track record of satisfying and retaining customers through their “IT Peace of Mind” program, operational maturity, and the exceptional team they have built. The organization is headquartered in Cleveland, OH and provides its services to thousands of users across the region.
This investment will empower the Lazorpoint management team to expand its customer base, double down on client satisfaction, and continue to build on its marketing strategy. “Lazorpoint is a special company. David is an engineer and that is evident in Lazorpoint’s systems and efficiency. In addition, his active involvement in Entrepreneurs’ Organization (EO) demonstrates his dedication to being both a lifelong learner and mentor to others. We could not be more grateful that Dave chose us as his partner as Lazorpoint embarks on the next chapter of continued growth. We think they are a perfect cultural fit for the community we are building at Lyra Technology Group.,” added Elliott Hyman.
Lyra continues to actively invest in leading managed services providers throughout the United States and Canada, where it can serve as a long-term capital partner and support future growth.
Lazorpoint is a full-service IT consulting, networking, and IT solutions firm serving customers in the Cleveland area. Companies work with us because we see more than just technology. We see entire businesses. Our job is to use this vision to make companies move faster, safer and smarter. More and more, business leaders understand that there is incredible value in their information technology. Value that can be measured in terms of IT spend, sales, decisionmaking, productivity and company growth. We work to see, construct and continuously improve systems to deliver this value. For more information about Lazorpoint, visit www.lazorpoint.com.
About Lyra Technology Group
Lyra Technology Group is a family of industry leading technology service businesses. Our companies are operated independently by exceptional management teams. We grow our partners’ legacies by retaining the employees, name, and culture that have made them successful. We never divest from the businesses we partner with, so our partners’ teams are secure for the long-term. Our companies learn and grow together as part of a community of industry leading peers. For more Lyra Services Group news and information, visit www.lyratechgroup.com.
About Evergreen Services Group
Evergreen Services Group is a holding company of leading service companies. Owners and founders of service businesses trust Evergreen to help them achieve their long-term goals and to steward their legacy. Evergreen differentiates itself by providing a permanent home for founder-led businesses that care deeply about their customers and employees. For more Evergreen Services Group news and information, visit www.evergreensg.com.
Lyra Technology Group
Elliott Hyman, 724-325-2900 x181
Evergreen Services Group
Ramsey Sahyoun, 415-591-1318
Head of M&A