New Owner at Loop1 Systems Prepares for Prosperous Future
Co-Owner William Fitzpatrick Buys Out Partner, Assumes 100% Ownership
AUSTIN, Texas (Dec. 6, 2017) – Loop1 Systems, an IT infrastructure solutions provider and SolarWinds Authorized Partner, announced today that it has new ownership. William Fitzpatrick, who previously owned 42 percent of Loop1 Systems, now has full ownership.
Fitzpatrick, taking the title of President and CEO, became full owner this June after buying out long-time partner and co-founder, Don Kinnett. Bringing deep industry knowledge of engineering to Loop1 Systems, Fitzpatrick has a unique mix of technical expertise, application development and entrepreneurship to take Loop1 Systems to its next level of growth.
Fitzpatrick’s background helped catapult the Austin-based company to success. The company brought in $22 million in business last year, and counts more than 200 of the Fortune 500 corporations as clients. Loop1 Systems has been named several times on the coveted Inc. 500|5000 list and earned several other accolades for its fast growth since establishment in 2009. Fitzpatrick plans to build upon what has made Loop1 Systems successful, while also adding new outbound and culture-building initiatives to its operations.
“We’ve had so many accomplishments, but we’ve only scratched the surface of what we’re capable of,” Fitzpatrick said. “We have built a reputation we’re proud of: Loop1 Systems makes SolarWinds even better. We will continue to hold to that standard of excellence, while better serving our clients’ enterprise needs and growing existing client relationships.”
In order to best prepare for Loop1 System’s future growth, Fitzpatrick made several changes to his leadership team, including several promotions of internal talent and bringing on a few key consultants. Fitzpatrick has also launched a Loop1 Cares program focused on helping employees set and reach professional and personal goals, orchestrating team-building activities and supporting philanthropic initiatives as a company.
ABOUT LOOP1 SYSTEMS
Loop1 Systems, Inc. provides IT infrastructure solutions for clients of all sizes and verticals. Loop1 Systems makes SolarWinds even better, specializing in offering the most comprehensive training and professional services for SolarWinds customers across North America. With corporate headquarters in Austin, Texas, Loop1 Systems is able to deliver technical solutions worldwide both remotely or onsite. Visit www.loop1.com.
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