Telapprise is the latest to integrate into Bluewave’s holistic approach to technology lifecycle management

PARSIPPANY, N.J. – (February 15, 2022) – Bluewave Technology Group (“Bluewave”), an innovative, high-growth technology advisory and lifecycle management company, today announced it acquired Telapprise, a technology advisory and expense management firm. The terms of the transaction were not disclosed. This acquisition is Bluewave’s sixth since its launch and a critical step in Bluewave’s growth strategy supported by the recent capital raise of $75 million.

Telapprise, founded by Davin Lundy and Marko Spremo in 2002, serves over 500 medium-to-large enterprise businesses with several offerings, including solution development, sourcing services, and technology expense management. Like other firms of similar size, Telapprise was challenged to scale its business as an independent company. After exploring options, it selected Bluewave for its commitment to being a steward of Telapprise’s business and its shared vision to streamline the technology transformation process for enterprise customers.

“Our goal is to build an innovative, intelligent, and simplified strategy that will reshape how companies manage services and technology,” said Seth Penland, CEO of Bluewave. “We are only investing in companies with a focus on optimizing customer experience through integrated solutions and Telapprise is the perfect example of that. The expertise that the Telapprise team brings to Bluewave will be especially invaluable in our technology assessment and technology expense management practice areas.”

“It was crucial that we found the right partner that shared our belief that technology should provide companies with reliable and predictable outcomes, not added stress or wasted time and money,” said Marko Spremo, Vice President, Sales and Marketing at Telapprise. “Enterprises need a strategic advisor throughout the technology lifecycle to simplify the process and deliver value. Bluewave has a similar customer-obsessed culture and strategy for success. Joining forces with them gives us the resources to make our vision a reality.”

“Technology transformation is complex and requires experts across the technology stack—in integrations, telecom, mobile, cloud, and expense management. By joining Bluewave, we now have a deeper bench of specialized resources that will enable us to work with our clients to optimize their technology investments continuously,” said Davin Lundy, Founder & Vice President, Client Services at Telapprise. “We put our clients’ goals at the center of everything we do. I am pleased we will get to continue that mission now under the Bluewave name.”

All Telapprise employees will integrate into the Bluewave team, including sales, solution architects, TEM/WEM operations, and both Spremo and Lundy will join the Bluewave leadership team. Spremo will serve as Bluewave’s Vice President of Sales Strategy, and Lundy as Vice President of Operations Strategy.

About Bluewave Technology Group

Bluewave is a premier technology advisory and lifecycle management company with a comprehensive approach to optimizing clients’ ability to grow revenue, reduce costs, and improve efficiency. Bluewave streamlines the technology buying and management process for businesses of all sizes across the United States with four key services: Technology Evaluation, Strategic Sourcing, Expense Management, and Operations Support. Specializing in modernizing the IT and telecom infrastructure, Bluewave partners with proven cloud, network, security, and collaboration service providers to develop the best solution while maximizing the clients’ technology investment. Learn more at Bluewave.net.

About Telapprise

Telapprise is an IT advisory and business solution organization, partnering with leading businesses and providers in their transformation journey across their business network, communication, digital workplace, mobility, security and IoT solutions initiatives. We work with our customers to break free from the pain of technology lifecycle management by proactively identifying and sidestepping common project pitfalls that results in an average of 12.4x return on investment through lower costs.

Media contacts

Ashley Schulte
press@bluewave.net

Growth investment will accelerate enhancements in client success approach and acquisitions

PARSIPPANY, N.J.– (February 1, 2022) – Bluewave Technology Group (“Bluewave”), an innovative, high-growth technology advisory and lifecycle management company, today announced an initial capital raise of $75 million led by Columbia Capital. Bluewave has accelerated its growth with five acquisitions completed over the past five months and is now one of the largest technology advisory businesses in the U.S., serving over 1,000 customers. Bluewave will leverage this strategic investment to support its rapid growth strategy, fostering organic and inorganic growth as it continues to ramp its team, invest in systems, and expand its service offering.

“We are proud to partner with Columbia Capital who understands the opportunity and growth potential for Bluewave. To date, we have completed several acquisitions to expand and bolster our service offering to our clients. With this investment, we’re continuing to move our business forward to provide a comprehensive set of solutions to meet clients’ needs,” said Seth Penland, CEO of Bluewave. “By adding the right people, technologies, and expertise, we’re creating a collective genius that provides our clients with peace-of-mind that they are in the best hands with Bluewave.”

Columbia Capital is a sector-focused investment firm with investments in enterprise IT, digital infrastructure, and mobility for over 30 years. This investment will accelerate Bluewave’s pursuit to create the industry leader in technology lifecycle management and accelerate its inorganic growth plans.

“As remote working environments, AI, and enterprise security requirements drive changes in IT and communications solutions, Bluewave has swiftly become a market leader in the technology advisory services market sector,” said Evan DeCorte, partner at Columbia Capital. “We couldn’t be more excited to back the Bluewave team as they continue to scale the business.”

Bluewave was purpose-built to help clients optimize their technology infrastructure, providing an efficient path to manage the entire lifecycle from purchasing through technology expense management (“TEM”) with four key services practices: Technology Evaluation, Strategic Sourcing, Expense Management, and Operations Support. Bluewave’s expertise encompasses legacy, existing, and emerging technology platforms.

“Most technology brokerages and agencies are only capable of delivering a limited number of the services clients need to truly operate and grow their businesses,” said Wayne Dietrich, COO of Bluewave. “We bring together experts from across technology and vertical disciplines and forge partnerships with proven cloud, network, security, and collaboration service providers to provide the best solutions for the entire technology lifecycle.”

About Bluewave Technology Group

Bluewave Technology Group (Bluewave) is a premier technology advisory and lifecycle management company with a comprehensive approach to optimizing clients’ ability to grow revenue, reduce costs, and improve efficiency. Bluewave streamlines the technology buying and management process for businesses of all sizes across the United States with four key services: Technology Evaluation, Strategic Sourcing, Expense Management, and Operations Support. Specializing in modernizing the IT and telecom infrastructure, Bluewave partners with proven cloud, network, security, and collaboration service providers to develop the best solution while maximizing the clients’ technology investment. Learn more at Bluewave.net

About Columbia Capital

Founded in 1989, Columbia has raised over $5 billion in fund commitments and invested in over 170 companies in the digital infrastructure and IT services sectors. For more information, go to https://www.colcap.com/

Media contacts

press@bluewave.net