Blue Bell-based Anexinet is continuing its acquisition spree with Atlanta-based Veristor Systems, further expanding its position in the Southeast, writes Kennedy Rose for the Philadelphia Business Journal.

The financial terms of the deal were kept confidential.

The two companies will keep their names while they decide on how they plan to move forward with branding, according to CEO Brian Glahn.

The merged companies will continue to operate from two headquarters, with Blue Bell serving as the Northeast base of operations and the Atlanta office serving as the Southeast base.

Anexinet and Veristor are both owned by private equity firm Mill Point Capital which acquired the Blue Bell company three years ago.

Glahn decided to acquire Veristor to fill in gaps in the company’s service coverage, especially in security, cloud, and backup recovery.

“We had a choice,” said Glahn. “We either try to build those things, or we merge with somebody who already has it and does it well and let them cross-sell those offerings to the customer base in the Northeast.”

Veristor is the third company the Blue Bell IT company has acquired in the last two years, and the company is already considering other acquisitions to further its expansion.

Read more about Anexinet in the Philadelphia Business Journal.