Systems integrator North American Video announced last week that it has acquired Nexus Technologies Group. According to NAV President and CEO Jason Oakley, the company’s strategy over the last several years has been to take their expertise in the gaming industry and apply that knowledge to other vertical and geographic markets.
Oakley said the acquisition of Nexus, which has offices in New York, Philadelphia and Harrisburg, Penn., will essentially double the company’s operational capabilities in the Northeast and also provides the company with additional project management and engineering resources and service clients.
"It makes us a significant player in this tri-state area and that’s important for us as we diversify our business into new verticals in this important region," Oakley explained.
All of Nexus’ employees will become part of NAV, according to Oakley, who added that the company is a great cultural fit.
"Both the NAV business and the Nexus business have built a loyal following of customers based on customer service and project management expertise," he said. "This really does round out our total low voltage solution. Both businesses are strong in access and video and the Nexus business also has the capability of fire, data and some high end intrusion capabilities as well, so we really are positioning ourselves as a total low voltage solution to our clients."
Nexus will also bring expertise and clients in several vertical markets including financial services and banking, as well as state and local government and critical infrastructure. Oakley indicated that NAV will be looking to acquire other companies in the future.
"We’re going to be selective with our acquisitions, but there will be more as we continue to execute our diversification strategy," he said.