After acquiring several hosting providers earlier this year, Cloud Equity Group has announced another acquisition. The company has closed on the acquisition of NodeServ – a virtual private server (VPS Hosting) provider located in Jacksonville, Florida.
NodeServ is a virtual private server hosting provider delivering its services from their fully owned equipment and network. The company’s main data center facility operates within an operating Federal Reserve Branch in Jacksonville, Florida and is staffed around the clock by armed federal law enforcement officers.
“The budget virtual private server hosting sector continues to remain attractive as technology allows for providers like NodeServ to create small virtualized servers at very affordable price points,” said Sean Frank, Managing Partner of Cloud Equity Group. “NodeServ has the added advantage of being based out of a datacenter with unparalleled security. The NodeServ acquisition is a prime example of Cloud Equity Group’s opportunistic investment philosophy at work. We believe our management expertise will establish NodeServ as a major player within a strong niche market.”
Cloud Equity Group is a strategically positioned investment management firm capitalizing on the rapidly expanding industries of web hosting and cloud-based infrastructure. The company’s primary focus is leveraging investor capital in the acquisition of private lower middle market companies that possess high levels of unlevered free cash flow and/or significant opportunity for exponential growth.