Lyra Technology Group

Lyra Technology Group

Decentralized MSP portfolio and acquisition platform

Overview

Lyra Technology Group is a portfolio-based parent that builds a network of managed IT service providers (MSPs) across North America. It acquires MSPs and provides them with permanent capital, shared resources, and a community of peers, while allowing each acquired company to keep its brand, leadership, and culture and operate independently under its existing management. The group also operates Lyra Recovery, a division focused on ransomware and data breach remediation. Its approach centers on decentralized decision-making by local leaders, continuous growth through acquisitions, and ensuring that the independent MSPs retain their identity while benefiting from the backing and infrastructure of Lyra and Evergreen Services Group. The ultimate goal is to expand a large, coast-to-coast MSP network serving more than 10,000 organizations, by adding leading MSPs and supporting their growth without divestment, using permanent capital from its backers.

About Lyra Technology Group

Simplify's Rating
Why Lyra Technology Group is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

Cybersecurity

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2017

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Simplify's Take

What believers are saying

  • June 2026 OSIT became Evergreen's largest ANZ acquisition, expanding Lyra internationally.
  • Lyra Cloud Services partnered with Anthropic in June 2026, adding enterprise AI distribution.
  • Lyra's July 2026 careers pages show 11-26 open roles, signaling continued hiring.

What critics are saying

  • Evergreen disclosed 47 acquisitions in 2025; integration and capital discipline remain stretched.
  • Lyra depends on perpetual deal flow; slowing founder exits breaks the acquisition engine.
  • A major security failure at one MSP can damage trust across 71 subsidiaries.

What makes Lyra Technology Group unique

  • Lyra hit $1 billion ARR in June 2025 across a decentralized MSP portfolio.
  • Evergreen says Lyra passed 100 cumulative MSP acquisitions in June 2025.
  • Lyra kept acquired brands and management teams, preserving local customer relationships.

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Benefits

Health Insurance

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Paid Vacation

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Mental Health Support

Conference Attendance Budget

Professional Development Budget

Stock Options

Company Equity

Phone/Internet Stipend

Home Office Stipend

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