Intelligent Protection Management Corp. Signs Definitive Agreement to Acquire Advanced Technology Distributors Business
Key Highlights
- ➤IPM agrees to acquire AdTech’s business for up to $2.7 million
- ➤IPM acquires 49% initially and remaining 51% at final closing
- ➤First Closing awaits CPUC approval of CLEC license transfer
- ➤Final Closing awaits CPUC approval of CLEC license change of control
- ➤IPM expects broader recurring revenue and cross-selling opportunities
Expert Statements
Jason Katz, Chairman and Chief Executive Officer of IPM
“This transaction represents an important milestone in the continued execution of our growth strategy.”
Jason Katz, Chairman and Chief Executive Officer of IPM
“AdTech has built a strong managed services business throughout California supported by long-standing customer relationships and a recurring revenue model that aligns closely with our existing managed solutions practice.”
Jason Katz, Chairman and Chief Executive Officer of IPM
“We believe the combination will enhance customer engagement and drive opportunity growth by cross-selling each company's highly complementary IT services and solutions across a larger combined base of customers.”
Jason Katz, Chairman and Chief Executive Officer of IPM
“AdTech serves a diverse base of businesses that rely on trusted advisors to help manage critical technology needs.”
Jason Katz, Chairman and Chief Executive Officer of IPM
“By bringing our organizations together, we will enhance existing services and the associated client outcomes with IPM's deep expertise in cybersecurity, private cloud, managed IT, hosting and other technology-related consulting services.”
Jason Katz, Chairman and Chief Executive Officer of IPM
“We believe this transaction will strengthen our position as a comprehensive managed technology solutions partner while supporting sustainable long-term growth.”
James Lawson, Founder and President of AdTech
“Throughout our history, our focus has been on helping customers navigate an increasingly complex technology landscape.”
James Lawson, Founder and President of AdTech
“We are excited to combine IPM's additional expertise with the skills and experience of our AdTech team to better serve our customers.”
James Lawson, Founder and President of AdTech
“IPM's cybersecurity expertise, managed IT capabilities and advanced security solutions will complement our existing strengths and expand the support and services we can offer.”
James Lawson, Founder and President of AdTech
“Our customers will continue working with the AdTech team they know and trust, and signing this agreement does not change their existing contracts or services.”
James Lawson, Founder and President of AdTech
“We look forward to building on those relationships and continuing to deliver the high level of service and support our customers expect.”
Jason Katz, Chairman and Chief Executive Officer of IPM
“We remain focused on building a strong, customer-centric technology platform through disciplined growth initiatives.”
Jason Katz, Chairman and Chief Executive Officer of IPM
“Undertakings such as this allow us to expand our capabilities, broaden our customer relationships and position the Company to capitalize on opportunities in the evolving managed services market.”
JERICHO, NY / ACCESS Newswire / October 22, 2026 / Intelligent Protection Management Corp. ("IPM," "we," "us," "our" or the "Company") (Nasdaq:IPM), a managed technology solutions provider focused on enterprise cybersecurity and cloud infrastructure, today announced that it has entered into a definitive agreement (the "Purchase Agreement") with Advanced Technology Distributors Inc. ("AdTech") pursuant to which IPM will acquire AdTech's information technology, telecommunications, connectivity, managed services and related infrastructure solutions business (the "Business") for a purchase price of up to $2.7 million, subject to customary adjustments (the "Transaction").
As part of the Transaction, AdTech will contribute the Business to AdTech IT LLC ("JVCo"), its wholly owned subsidiary, and IPM will acquire the outstanding membership interests of JVCo, in two stages, pursuant to the terms of the Purchase Agreement. IPM did not pay any consideration in connection with the signing of the Purchase Agreement.
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