Achieving 10X growth in the last decade, OSIT CEO and employees are excited to continue building the business as part of Evergreen’s Lyra Technology Group
Evergreen today announced its largest acquisition in the ANZ region, welcoming Office Solutions IT (OSIT) to its growing portfolio of managed IT services and software partners, Lyra Technology Group.
This news underscores Evergreen’s continued, rapid growth in the ANZ region and marks its first acquisition of a managed service provider (MSP) there with an existing ESOP. OSIT will join two other ESOPs in the Evergreen portfolio.
“After spending a decade helping grow OSIT into what it is today, finding the right growth partner wasn’t just about the financials; it was about preserving our culture and empowering our people for the next chapter,” said James Sutton, CEO, OSIT. “Evergreen understood our employees’ wants and needs from day one, and its operating model—which is built around MSPs retaining their identity and independence—made them the obvious choice. We’re well into that next chapter, and reality is being part of Evergreen is exceeding our expectations.”
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Celebrating 30 years in business, OSIT has grown into one of the leading managed service providers (MSPs) in Australia, supporting 1,000 small and midsize businesses and more than 20,000 users across Perth, Sydney, and Melbourne. OSIT also has experience in M&A, having acquired three MSPs between 2022 and 2023 to better serve its growing client base. They’ve also seen 10x organic revenue growth over the last 10 years, focusing on the team’s efforts on listening to customers’ business goals, aligning their services, and solving business outcomes together.
Waruna Kirimetiyawa, Regional CEO, ANZ at Evergreen and previous managing director of Evergreen acquired Lancom Technology, shared, “What excites me most about bringing OSIT into the group is the people and what they have built over time. This is a business that operates in the top tier of MSPs across ANZ, combining scale and efficiency with an exceptional culture and deeply embedded customer trust.
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They have developed a unique operating model that consistently delivers tailored outcomes for clients, and just as importantly, a strong foundation for the next generation of leadership. Our role is to support and amplify that by backing the team for their next chapter while preserving everything that makes OSIT special.”
“I’ve been fortunate to know the OSIT team personally for over 15 years, back from when I was running my own MSP. I saw firsthand what they built, the growth, and how successful it has become. They operate in the top tier of MSPs across ANZ and have a unique business systems model and design that I have not seen replicated anywhere else.” Said Zaun Bhana, M&A professional at Evergreen.
“Now with Evergreen, the chance to provide a path for succession and backing them for the next chapter is a full-circle moment. They’ve proven how to combine scale and efficiency whilst retaining an incredible staff culture that aligns with their values and ethos. Wrapped together, this provides a service, offerings, and support that is tailored to each client’s individual needs. This is exactly the kind of business that Evergreen was built to back,” continued Bhana.
When asked what advice he would give to other MSP leaders contemplating investment and exit strategies, Sutton shared, “Reach out to Evergreen earlier than you think you need to. They can share practical advice, introduce you to the team you would work with after a sale, and connect you with other Evergreen-owned MSPs. Keep building a strong business and, when you feel ready, start a serious conversation with them. There’s nothing to lose and everything to gain.”
