PrecisionX Technology Company Profile
Background
Company Overview
PrecisionX Technology, established in 2023, is a comprehensive IT consulting and managed services provider headquartered in Plano, Texas. The company is dedicated to simplifying technology for businesses nationwide, offering end-to-end IT services that encompass user support, networking, cloud solutions, cybersecurity, and data center infrastructure. PrecisionX's mission is to deliver precisely tailored technology solutions that help businesses reach their full potential by making technology simple, accessible, and aligned with business goals. Their vision is to be the most trusted technology partner for businesses nationwide, known for a client-centric approach, technical excellence, and measurable business impact.
Key Strategic Focus
Core Objectives and Specializations
PrecisionX Technology focuses on delivering client-centric IT solutions tailored to the unique needs of various industries. Their core services include:
- Virtual CIO/CTO Services: Providing strategic technology leadership without the full-time executive cost, offering expert guidance for IT decisions.
- IT Management: Offering comprehensive IT support, including desktop management, backup solutions, cybersecurity, and cloud services.
- Technical Consulting: Providing expert guidance on compliance, digital transformation, business continuity, and emerging technologies.
The company leverages advanced technologies such as deep draw and progressive stamping, Swiss screw machining, CNC, and wire EDM to manufacture high-precision components from prototyping through high-volume production.
Primary Markets
PrecisionX serves a diverse range of industries, including:
- Aerospace & Defense: Providing high-performance metal components engineered to withstand extreme conditions.
- Medical Devices: Manufacturing high-reliability components that meet stringent regulatory standards.
- Satellite & Space: Producing critical components that meet the extreme demands of space applications.
- Electric Vehicles: Partnering with engineering teams to manufacture critical components for the next generation of EVs.
- Mining: Crafting durable, high-quality solutions for the mining industry.
- Semiconductor: Ensuring the highest quality parts for critical PCB applications.
Financials and Funding
Funding History
PrecisionX Group, the parent company of PrecisionX Technology, has expanded its operations through strategic acquisitions:
- MSK Precision Products, Inc.: Acquired in August 2024, MSK specializes in precision machining and assembly services, enhancing PrecisionX's capabilities in the medical and aerospace sectors.
- National Manufacturing Co.: Acquired in May 2024, National offers specialty deep and shallow drawn stamping, expanding PrecisionX's manufacturing capabilities.
These acquisitions have expanded PrecisionX's manufacturing footprint to over 275,000 square feet across multiple U.S.-based facilities.
Pipeline Development
Product and Service Expansion
PrecisionX is continually enhancing its service offerings to meet the evolving needs of its clients. Recent developments include:
- Cloud Services: Providing comprehensive cloud solutions, including Microsoft 365 and Google Workspace management, cloud infrastructure services, and cloud security.
- Industry-Specific Solutions: Developing tailored technology solutions for industries such as restaurants, retail, small businesses, e-commerce, and software development.
Technological Platform and Innovation
Proprietary Technologies
PrecisionX has developed specialized platforms to support digital infrastructure projects:
- GridSite: A marketplace connecting industrial property owners, compute operators, and investors to repurpose power-rich properties into modern data centers.
- ComputeComplete: A data and intelligence platform providing insights for planning, analyzing, and managing infrastructure projects.
Scientific Methodologies
The company employs advanced manufacturing processes, including deep draw and progressive stamping, Swiss screw machining, CNC, and wire EDM, to produce high-precision components for critical-use applications.
Leadership Team
Executive Profiles
- Chris Huntington: CEO of PrecisionX Group, leading the company's strategic direction and growth initiatives.
- Matthew Puglisi: Partner at CORE Industrial Partners, overseeing investment strategies and portfolio management.
- Rock Lambert: Operating Partner at CORE Industrial Partners, focusing on operational improvements and growth strategies.
Leadership Changes
Recent Appointments
In August 2024, PrecisionX Group appointed Chris Huntington as CEO, bringing extensive experience in the manufacturing sector to lead the company's expansion efforts.
Competitor Profile
Market Insights and Dynamics
The IT consulting and managed services industry is experiencing significant growth, driven by increasing digital transformation initiatives across various sectors. Businesses are seeking comprehensive IT solutions to enhance efficiency, security, and scalability.
Competitor Analysis
Key competitors in the IT consulting and managed services space include:
- Accenture: A global professional services company offering a wide range of IT services, including consulting, digital transformation, and managed services.
- IBM Global Services: Provides IT consulting, cloud services, and managed infrastructure solutions to enterprises worldwide.
- Deloitte Consulting: Offers technology consulting services, including IT strategy, implementation, and managed services.
These competitors focus on delivering comprehensive IT solutions to large enterprises, leveraging their global presence and extensive resources.
Strategic Collaborations and Partnerships
Significant Alliances
PrecisionX has formed strategic partnerships to enhance its service offerings:
- CORE Industrial Partners: A private equity firm that has supported PrecisionX's growth through acquisitions and operational improvements.
- MSK Precision Products: Acquired in August 2024, this partnership has expanded PrecisionX's capabilities in precision machining and assembly services.
Operational Insights
Competitive Advantages
PrecisionX differentiates itself through:
- Client-Centric Approach: Focusing on delivering tailored solutions that align with clients' business goals.
- Comprehensive Services: Offering end-to-end IT solutions, eliminating the need for multiple vendors.
- Industry Expertise: Bringing deep experience across multiple industries to address specific challenges effectively.
Strategic Opportunities and Future Directions
Future Roadmap
PrecisionX aims to:
- Expand Service Offerings: Continue developing industry-specific solutions to meet evolving client needs.
- Enhance Technological Capabilities: Invest in advanced technologies to improve service delivery and operational efficiency.
- Strengthen Market Position: Pursue strategic acquisitions and partnerships to expand market reach and capabilities.
Contact Information
Official Website
PrecisionX Technology
Social Media Profiles
