Lyra Technology Group, an Evergreen Services Group Company, Announces an Investment in Outsource IT Computing Inc.

Ontario, Canada—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 Outsource IT Computing Inc. Outsource IT is a leading provider of IT services to businesses in the greater Toronto area and North America. The company will continue to operate independently under its existing leadership team.

“Nathan Zych has built one of the leading managed services providers in the greater Toronto area” said Elliott Hyman, CEO of Lyra Technology Group. “We are excited to support Outsource IT’s sustained growth as part of the Lyra Technology Group family. We have enjoyed working with Nathan and his team since our first interaction and admire their deep commitment to their employees and clients.”

“Outsource IT’s key to success has always been our people. From the very first engagement with Evergreen, it was evident we had found an experienced and highly capable partner that shares our passion for this industry and investing in top talent. Our clients rely on us to anticipate their needs, adapt to market change, and solve for their complex business IT needs daily. We are excited about the additional capabilities and reach this collaboration will offer in serving our clients across Canada and the United States” said Nathan Zych, Outsource IT’s Founder & President.

Lyra selected Outsource IT for investment due to their long track record of delivering quality work to customers, operational maturity, and the unique capabilities they have developed in meeting the needs of dynamic organizations. The company is headquartered in Ontario, Canada and provides its services to thousands of users across the region.

This investment will empower the Outsource IT management team to expand its customer base, double down on client satisfaction, and continue to build on its marketing strategy. “Outsource IT is an outstanding company. Nathan and his team have leveraged industry peer groups to improve their business over time and the result of that work is evident in the business. We could not be more grateful that they chose us as their partner as Outsource IT embarks on the next chapter of continued growth,” 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.

About Outsource IT Computing Inc.

Established in 2002, Outsource IT has been providing complete solutions and support to client. across the GTA and North America. With our centralized Network Operations Centre and Help Desk, we are able to proactively monitor infrastructure and assist users anywhere. All this coupled with our strong technical skill, attention to detail, top-notch client support, and IT enablement solutions results in an exceptional client experience. For more information about Outsource IT, visit www.oitc.ca.

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. Lyra is a constellation that includes some of the brightest stars in the northern hemisphere. Like stars in a constellation, we partner with companies that shine on their own and come together to form something even greater. Companies that join our group retain the employees, name, and culture that have made them successful. As a platform of Evergreen Services Group, we never divest from the businesses we partner with and approach every decision with the goal of driving sustainable and healthy growth over the long term. 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

Contacts

Lyra Technology Group
Elliott Hyman, 724-325-2900 x181
CEO
ehyman@lyratechgroup.com

Evergreen Services Group
Ramsey Sahyoun, 415-591-1318
Head of M&A
rsahyoun@evergreensg.com