Evolve IP, a fast growing cloud hosting provider headquartered in Wayne, PA, has acquired Paragrid, an Inc. 5000 cloud services company headquartered in Cleveland, Ohio. The strategic acquisition is part of Evolve IP’s U.S. expansion plans and complements its current presence in the Midwest market.
“M&A remains a key part of our national expansion strategy, and with this acquisition, Evolve IP gains new enterprise customers, consulting services and world class data centers to support our Midwest market,” said Guy Fardone, Chief Operating Officer and General Manager of Evolve IP. “ We continue to seek more companies that are interested in growing with Evolve IP.” Details of the transaction were not disclosed.
Unified option for cloud services
Founded in 2008, Paragrid is a Cleveland-based cloud computing provider with a product set that would compliment Evolve IP’s current portfolio of cloud hosting services. Paragrid’s services, including virtual servers, managed and consulting services, disaster recovery and virtual desktops, are deployed with a national customer base that consists of corporate, healthcare, higher education and government organizations.
Evolve IP is a fast growing cloud hosting company providing organizations with a unified option for cloud services with its Evolve IP OneCloudTM solution. Today, tens of thousands of users in the US and globally depend daily on Evolve IP for virtual servers, virtual desktops, unified communications, disaster recovery, contact centers, and more.
“Our customers will immediately gain access to new cloud services while continuing to receive the same exceptional support Paragrid has always provided,” said Ryan Berg, President of Paragrid. “With the added resources of Evolve IP behind us, our team expects to materially grow the Midwest market.”