What Simplegrid Technology does

Simplegrid Technology is a United States-based managed IT services and technology consulting firm headquartered in Troy. Founded in 2010 and operating with a 1-10 person team, the company delivers managed IT support and cybersecurity solutions oriented toward compliance-heavy verticals: financial services, legal services, and healthcare. The firm has run a deliberately bootstrapped operating model, never raising outside institutional capital, and was acquired by CompassMSP in September 2025, ending its status as an independent company.

The company's core product is an IT Service Management Tools SaaS platform used as the delivery backbone for its managed services engagements. Distribution is executed through direct, sales-led service delivery to enterprise clients in regulated industries; revenue is generated primarily through an annual recurring subscription model, with $1.5 million in annual recurring revenue disclosed and a most recent stated valuation of $4.6 million prior to the acquisition. No proprietary technology differentiation, certifications, patents, or awards are disclosed in the source material beyond vertical-specific positioning. Pricing, headcount progression, named customers, and contractual terms are not publicly disclosed, limiting external visibility into revenue concentration, churn exposure, and unit economics.

Following the September 2025 acquisition, Simplegrid Technology operates as a subsidiary within CompassMSP, a broader national provider of managed IT, cybersecurity, compliance (including CMMC, HIPAA+HITRUST, NIST), AI modernization, unified communications, and cloud infrastructure services across regulated and operational verticals. The strategic intent of the combination is to pair Simplegrid's regulated-industry vertical depth with CompassMSP's solution breadth and national scale; post-acquisition operating metrics, leadership, and integration milestones are not disclosed in the available input.

Name

Simplegrid Technology

Website

https://simplegrid.com

Company type

Private

Founded year

2010

Operating status

Acquired

Headcount range

1–10 employees

Short description

Simplegrid Technology is a Troy, Michigan-based bootstrapped managed IT services and cybersecurity firm serving regulated industries, including financial services, legal, and healthcare, via an IT Service Management SaaS platform on a subscription model; acquired by CompassMSP in September 2025.

Ownership category

akta.pro rank

Headquarters

HQ city

Troy

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. IT Service Management SaaS Subscription: Annual recurring revenue from IT service management tools delivered as SaaS to regulated industries

Go-to-market motion1 record

Distribution channels1 record

Core offering

Simplegrid Technology provides managed IT services and technology consulting to small and mid-sized organizations in regulated industries (financial services, legal, and healthcare), supported by an in-house IT Service Management Tools SaaS platform. The offering bundles IT management, cybersecurity, and compliance-oriented tooling into subscription-based engagements with annual recurring revenue.

Product overview

Simplegrid Technology offers a unified IT Service Management Tools SaaS platform for managed services. The company specializes in providing technology solutions to regulated industries including financial services, legal, and healthcare. Founded in 2010, the bootstrapped company has grown organically to $1.5 million in annual recurring revenue with a valuation of $4.6 million, and was acquired by CompassMSP in September 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Managed IT Services Outsourced IT management and support delivered to small and mid-sized organizations in regulated industries (financial services, legal, healthcare), including day-to-day IT operations and technology consulting, supported by an in-house ITSM SaaS platform.
• Managed Cybersecurity Solutions Cybersecurity solutions tailored for regulated-industry clients in financial services, legal, and healthcare, addressing ransomware, data protection, and compliance-driven security requirements.
• IT Service Management Tools SaaS Platform An internally developed IT Service Management (ITSM) SaaS platform that supports delivery of managed IT services to regulated-industry clients; structured around service-management workflows for MSP operations.

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Ntiva: Managed IT, cybersecurity, and cloud services provider with vertical focus on financial services, legal, healthcare, and nonprofit. Closely aligned to Simplegrid's regulated-vertical go-to-market.
• ConnectWise: Leading provider of PSA, RMM, and cybersecurity platforms purpose-built for MSPs. Competes with Simplegrid's IT Service Management SaaS at the tooling layer and serves many of the same regulated-vertical MSPs.
• Dataprise: National managed IT, cybersecurity, and cloud services provider serving regulated industries including financial services and healthcare. Directly comparable full-service MSP delivery model.
• Kaseya: Global MSP software and cybersecurity platform (including Datto and VSA). Directly comparable IT service management and RMM tooling for managed service providers across regulated industries.
• Atera: All-in-one PSA and RMM SaaS built specifically for MSPs, with subscription pricing similar to Simplegrid's recurring model. Direct competitor in the IT service management SaaS category.
• CompassMSP: Strategic acquirer of Simplegrid and a national managed IT, cybersecurity, and compliance provider serving financial services, legal, and healthcare. Direct overlap in regulated-vertical managed services and the same cybersecurity/MSSP delivery model.
• iCorps Technologies: Managed IT services and cybersecurity consultancy serving professional services and regulated SMB clients. Comparable outsourced CIO/IT service delivery and Microsoft 365-centric stack.
• NinjaOne: Cloud-native endpoint management, RMM, and IT operations platform marketed to MSPs and IT teams. Competes with Simplegrid's IT service management SaaS on automation and managed endpoint functionality.
• Pax8: Cloud commerce marketplace for MSPs, bundling managed IT and security tooling for SMB and mid-market clients. Comparable SaaS-distribution and managed services enablement layer serving regulated verticals.

Regional players

• BlackPoint IT: Managed IT and cybersecurity provider focused on the Pacific Northwest with regulated-industry clients. Comparable managed services delivery and SMB/mid-market focus, though operating in a different U.S. region.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/simplegrid_it
• Facebookfacebook.com/simplegridtechnology

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Simplegrid Technology