Investment firm Cerberus Capital Management has acquired Source Code Holdings.

Source Code provides computing solutions and services including customized high-performance computing (HPC) & artificial intelligence hardware, edge computing, and IT services.

The company was acquired from affiliates of JMC Capital Partners for an undisclosed amount. Source Code will continue to be led by founder and CEO Arthur Ataie and its existing management team.

“Emerging trends in IT infrastructure are driving a new wave of demand for tailored, high-performance solutions,” said Michael Sanford, senior managing director at Cerberus. “Source Code’s scale, breadth, and depth of engineering and design capabilities are distinctive in the industry. We are excited to partner with Source Code’s talented team to invest in its platform and build on its leadership position.”

Patrick Moriarty, Managing Director at Cerberus, added: “Source Code has earned a reputation among its customers as a go-to source for customized, leading-edge computing solutions. The Company’s tenured relationships and strong track record with customers who have complex and rapidly evolving technology requirements create a strong foundation for continued growth.”

Founded in 1992 and based in Milford, Massachusetts, Source Code provides customized servers and workstations for HPC use cases, Edge compute infrastructure, as well as offering managed services.

“Connectivity is fuelling the demand for global IT services. Source Code is well-positioned to meet this need with market-leading solutions on the Edge, in the data center, and in the cloud,” said Source Code CEO Ataie. “Our partnership with Cerberus will support our ability to further enhance our offerings and expand our capabilities to new geographies and industry verticals.