**TowerBrook to Acquire CBTS, Enhancing IT Services and Leadership**

In February 2024, TowerBrook announced its intention to acquire CBTS from its parent company, altafiber. This acquisition reflects TowerBrook's commitment to investing in CBTS as a reliable IT partner for businesses adapting to the rapidly changing technology landscape.

Jeff Lackey, President and CEO of CBTS, emphasized the importance of digital transformation, data analytics, and AI in modern business processes. He noted that TowerBrook's strategic investments would bolster CBTS's growth and enhance its ability to deliver innovative technology solutions to clients.

As part of the acquisition, CBTS has appointed a new board of directors, composed of industry leaders with significant experience in guiding technology companies through growth phases. This board is expected to provide valuable insights and direction as CBTS embarks on its next chapter.

The board will be chaired by Abidali Neemuchwala, a well-respected figure in the IT services sector. With over 32 years of experience, Neemuchwala has a proven track record of driving profitability and market differentiation. He previously led Tata Consulting Services' BPO division and served as CEO of Wipro, where he significantly enhanced the company's digital services.

Rick Snyder, another board member, brings over 30 years of experience in the tech industry. He retired as Senior Vice President at Cisco Systems in 2019 and has played a crucial role in scaling companies like TANDBERG. Snyder has also contributed to the success of tech start-ups that were later acquired by major firms.

Jerry Leamon, a distinguished leader in accounting and consulting, rounds out the board. As a former Global Managing Partner at Deloitte, he has extensive experience in shaping tax and legal services. Leamon's leadership roles include positions on the boards of Korn Ferry and AmeriCares.

These board members bring a wealth of industry knowledge and business acumen, positioning CBTS for significant growth. Lackey expressed enthusiasm about the future with TowerBrook and the new board, highlighting their potential to drive innovation and rapid expansion for CBTS.

CBTS, ranked #43 on the CRN Solution Provider 500 list, serves enterprise and midmarket clients across various industries in the U.S. and Canada. The company offers a comprehensive suite of technology solutions, including Generative AI, Application Modernization, Managed Hybrid Cloud, Cybersecurity, Unified Communications, and Infrastructure solutions. CBTS is dedicated to helping clients develop and deploy modern applications while managing and optimizing their operations.

For further details on the acquisition and CBTS's offerings, visit their website at www.cbts.com.