ANCHORAGE, Alaska--(BUSINESS WIRE)--Vicinity Group LLC ("Vicinity"), a managed IT services provider serving businesses across Alaska, Hawaii, and the Pacific Northwest, today announced it has achieved the Microsoft Solutions Partner for Modern Work designation. This credential places Vicinity among an exclusive group of technology partners in the regions it serves. Vicinity is now one of just four partners in Alaska and one of only three in Hawaii to hold this designation. The Solutions Partner. ...

Core Viewpoint - Uniserve Communications Corporation has successfully completed the acquisition of Megawire Inc., enhancing its service offerings and expanding its market presence in Canada and the US [1][10]. Acquisition Details - The total purchase price for the acquisition of Megawire was $6,500,000, which included the issuance of 3,431,961 common shares at a price of $0.5828 per share, totaling $2,000,000 [3]. - Uniserve also entered into agreements to acquire Brimax Financial Services Inc. for $2,400,000 in cash and Waterloo Wireless Inc. for $2,100,000 through a convertible note [3][4]. Financial Structure - The acquisition of Brimax involved a cash payment of $2,150,000 to shareholders, with $250,000 held in escrow for potential adjustments [3]. - The convertible note for Waterloo has a three-year term with an annual interest rate of 7%, allowing the noteholder to convert up to 50% of the note value into Uniserve shares [5][6]. Asset Acquisition - The assets acquired from Megawire include all business operations, intellectual property, and approximately $100,000 in inventory, while excluding cash, working capital, and certain liabilities [7]. - Uniserve has committed to offering employment to all Megawire employees under similar terms, recognizing their seniority for future severance [7]. Strategic Impact - The acquisition is expected to enhance Uniserve's service depth and strengthen its data center portfolio, particularly in eastern Canada, supporting the growth of recurring revenue-based services [10]. - The company aims to leverage this acquisition to meet the increasing demand for digital transformation among Canadian businesses [10]. Loan and Financing - Uniserve secured a loan of $2,500,000 from 369 Terminal Holdings Ltd., an insider, to finance part of the acquisitions, with an interest rate of 8% per annum [11][12]. - The loan is considered a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [12]. Management and Operational Agreements - A consulting agreement was established with Emerald Flow Consulting Inc. for management services related to Megawire's business, with a total payment of $225,000 over 12 months [9]. - Uniserve has also signed a 10-year lease for office space in Waterloo, Ontario, with a monthly rent of approximately $31,000 [9].

Core Insights - Uniserve Communications Corporation has appointed Gautam Lohia as Chairman of the Board, effective immediately after the Annual General Meeting on November 24, 2025 [1] - Lohia's leadership is expected to guide Uniserve's transformation into a next-generation Digital Infrastructure Platform, moving away from a traditional ISP model [2][3] - The company is focusing on expanding its Managed Service Provider (MSP) footprint and integrated data center ecosystem, aligning itself with critical infrastructure providers [3] Leadership and Strategic Direction - Kwin Grauer, the Interim CEO, expressed confidence in Lohia's experience and strategic clarity, which will be crucial for Uniserve's next phase of execution and value creation [4] - Lohia highlighted Uniserve's unique position to capitalize on the growing demand for secure and reliable digital services across Canada, indicating a pivotal stage of growth for the company [4] Company Overview - Uniserve provides IT solutions, including Data Centre Solutions, Managed IT Services, and Business Internet, with operations in Vancouver, Calgary, and Waterloo [5] - The company aims to deliver secure, reliable, and scalable services to support client operations [6]

Core Insights - AvePoint has launched a modernized Global Partner Program aimed at enhancing partner growth and service delivery in response to increasing demand for data security, governance, and AI enablement [1][8] - The managed IT services market is projected to grow by 12.6% to exceed US$600 billion, highlighting the strategic importance of this transition for AvePoint and its partners [2] - The new points-based program focuses on rewarding partner engagement and activities that drive success, rather than solely on revenue [3][7] Company Initiatives - The new program is designed to help partners capitalize on opportunities in high-value service engagements by rewarding engagement metrics [3][4] - Key benefits of the program include flexible advancement through tiers based on engagement, comprehensive enablement with access to technical resources, and business development support for advanced partners [7] - Early participants in the pilot program have reported significant benefits, including structured paths for onboarding and training [5][6] Market Context - The shift towards managed IT services is driven by organizations seeking specialized expertise in data security and governance, as well as AI readiness [2] - AvePoint's enhancements to its partner program are part of a broader strategy that includes acquisitions and new product launches to strengthen its channel ecosystem [8]