Presidio, Inc. (NASDAQ: PSDO) was formerly Aegis Holdings, Inc., a Delaware company established in February 2014. It was changed to its current name on September 15, 2016, and its headquarter is located in New York City, New York, USA. With 2,800 full-time employees (12/31/2016), it is a leading provider of information technology (“IT”) solutions for the middle market in North America.
Presidio, Inc. (PSDO):
Presidio, Inc. provides cloud, security and digital infrastructure solutions. The company realizes business transformation through its expertise in IT solutions, with a special focus on digital infrastructure, cloud and security solutions. Presidio’s solutions are delivered through a wide range of professional services, including strategy, consulting, design and implementation.
Presidio supplements the company’s professional services through project management, technology procurement, hosting services, maintenance and support, and provides a complete life cycle model. The company’s service-oriented life cycle model brings continuous customer engagement.
As of June 30, 2016, Presidio provided services to approximately 7,000 medium and large enterprises and government agencies in various industries.
Presidio’s solutions mainly focus on 3 areas: (i) Digital Infrastructure; (ii) Cloud; (iii) Security.
Through the company’s increasing focus on cloud and security, Presidio believes in the ability to benefit from the rapid growth in demand for these technologies and expects its business portfolio to continue to shift to them. In Presidio’s three solution areas, the company provides customers with enterprise-level solutions, which are essential to promote digital transformation and expand business capabilities. The areas of Presidio’s solutions include: advanced networking, Internet of Things (“IoT”), data center modernization, hybrid and multi-cloud, cyber risk management, corporate mobility and sensors, cameras , Data management of wearable devices and machines to obtain feasible insights and business results (“data analysis”). These solutions are realized through Presidio’s expertise in basic technology, based on the company’s investments in networks, data centers, security, collaboration and mobility.
Presidio, Inc.’s customer base covers individual customers and industries, and is very diversified and scattered. In the fiscal year ended June 30, 2016, the company’s revenue from the top 25 customers accounted for only 19% of the company’s total revenue, and no vertical industry revenue accounted for more than 20%.
Presidio’s strategic focus on the mid-market and high-growth solutions areas has enabled the company to achieve a compound annual growth rate of 11% from the fiscal year ending June 30, 2012 to the fiscal year ending June 30, 2016.
Presidio, Inc. (PSDO) investment:
Presidio, Inc. (NASDAQ:PSDO) submitted its IPO prospectus on 11/22/2016 , and listed on NASDAQ on 3/10/2017. The issue price was US$14.00, 16,666,666 shares were issued, and the fundraising was US$233,333,324.00. The stock code: PSDO.