Company Profile: Xamin
Background
Founded in 1999, Xamin is a managed IT service provider specializing in delivering comprehensive technology solutions to highly regulated and reputation-sensitive industries, including financial institutions. The company's mission is to transform IT from a cost and compliance challenge into a revenue-driving capability for organizations. Xamin's vision is to foster long-term partnerships based on mutual trust and collaboration, ensuring that their services meet the needs of both customers and auditors. The company offers a suite of services, including infrastructure, security, cloud, data protection, and professional services. Xamin is headquartered in Chicago, Illinois.
Key Strategic Focus
Xamin's strategic focus centers on providing managed IT services that address the unique challenges faced by highly regulated and reputation-sensitive industries. Core objectives include:
- Infrastructure Management: Ensuring the stability and scalability of clients' IT systems.
- Security Services: Implementing robust security measures to protect sensitive data and maintain compliance.
- Cloud Solutions: Facilitating secure and efficient cloud adoption and management.
- Data Protection: Safeguarding critical data through comprehensive backup and recovery strategies.
- Professional Services: Offering consultative support to align IT strategies with business goals.
Xamin employs a consultative, "white glove" approach to ensure that its services meet the needs of both customers and auditors. The company has committed annually to the examination and reporting of controls in a service organization under the SOC 2 Type II certification.
Financials and Funding
As a privately held company, Xamin does not publicly disclose detailed financial information. However, it is known that the company has been recognized for its growth and leadership in the managed IT services industry. In 2020, Xamin was named among the world's leading managed service providers on Channel Futures' annual MSP 501 Rankings.
Pipeline Development
Xamin focuses on developing and implementing technology solutions that address the evolving needs of its clients, particularly in the areas of infrastructure, security, cloud services, and data protection. The company has a history of successful partnerships, such as transforming Wayne Bank's Wide Area Network (WAN) infrastructure to enhance connectivity and security.
Technological Platform and Innovation
Xamin differentiates itself through its commitment to security and compliance, holding a SOC 2 Type II certification. This certification demonstrates the company's dedication to maintaining high standards in data security and operational controls. Additionally, Xamin has embraced a remote workforce model since 2014, allowing for flexibility and adaptability in its operations.
Leadership Team
Xamin is led by President and CEO Jonathan Smith, who has been instrumental in the company's growth and strategic direction. Under his leadership, Xamin has expanded its services and solidified its position in the managed IT services industry.
Market Insights and Dynamics
The managed IT services market is characterized by rapid technological advancements and increasing demand for secure, compliant, and efficient IT solutions. Companies like Xamin that specialize in serving highly regulated and reputation-sensitive industries are well-positioned to capitalize on this demand.
Competitor Analysis
Xamin operates in a competitive landscape with several key players offering similar services. Notable competitors include:
- Netrix LLC: A managed IT services provider offering a range of solutions, including cloud infrastructure and cybersecurity.
- Mowery & Schoenfeld, LLC: An accounting and consulting firm that merged with Xamin in 2020, enhancing its IT service capabilities.
Strategic Collaborations and Partnerships
In August 2020, Xamin merged with Mowery & Schoenfeld, LLC, a leading Chicago-area accounting and consulting firm. This collaboration allows each business to focus on its core strengths—accounting and IT services—while increasing reach, resources, and offerings.
Operational Insights
Xamin's strategic considerations include maintaining a strong focus on security and compliance, particularly for clients in highly regulated industries. The company's SOC 2 Type II certification and remote workforce model provide distinct competitive advantages, enabling flexibility and adaptability in service delivery.
Strategic Opportunities and Future Directions
Xamin's strategic roadmap involves expanding its service offerings to meet the evolving needs of its clients, particularly in the areas of cloud services and data protection. The company's commitment to security and compliance positions it well to address the increasing demand for secure and compliant IT solutions in highly regulated industries.
Social Media Profiles
- LinkedIn: Xamin LinkedIn Profile
- Twitter: @XaminInc
- Facebook: Xamin Facebook Page
Website
- www.xamin.com
