Venture Technologies Acquires Cloud Hosting Provider, NetSource Communications

Venture Technologies, headquartered in Ridgeland, Mississippi, has acquired NetSource – a custom cloud hosting solutions provider offering colocation, dedicated servers, cloud services, and fully managed hosting services and data recovery for organizations in the Chicagoland area and across the U.S.

Venture Technologies is an IT solutions provider delivering “best-in-class” premise infrastructure solutions, collaboration solutions, cloud and business applications to commercial and public sector organizations throughout the United States and abroad. 

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“With NetSource’s Chicago-area based SSAE16 & SAS70 Type 2, SOC1, SOC2 certified data center, we extend our cloud footprint to four Venture-owned facilities, strategically positioned in diverse U.S. geographies,” said Gerard Gibert, CEO of Venture Technologies.

Based in Naperville, Illinois, NetSource is specializing in custom hybrid environments. “We are excited about the addition of NetSource to the growing Venture family,” said Gerard Gibert, CEO of Venture Technologies. “With NetSource’s Chicago-area based SSAE16 & SAS70 Type 2, SOC1, SOC2 certified data center, we extend our cloud footprint to four Venture-owned facilities, strategically positioned in diverse U.S. geographies. This will enhance our portfolio of VTCloud Services with increased flexibility in designing customized cloud solutions to meet the unique critical needs of our expanding client base. The NetSource acquisition underscores our strategy to acquire IT Solution Providers that expand our core Premise Infrastructure, Cloud Services and Business Applications practices.”

“We feel that Venture Technologies will only strengthen NetSource’s enterprise hosting solutions and provide our clients with new geographic diversity options,” said Craig Neidel, Head of Sales, NetSource Communications.

Founded in 1986, the Venture Technologies operates locations in Alabama, Colorado, Illinois, Louisiana, Mississippi, Tennessee, Wisconsin and Wyoming. Venture also owns and operates certified Data Centers (VTCloud) in Jackson, Mississippi, Englewood, Colorado, and Casper, Wyoming from which it produces a comprehensive suite of cloud services to thousands of domestic and international customers.

The acquisition and continued consolidation strategy is supported by FlatWorld Capital, a New York-based private equity group that specializes in funding and advising middle-market companies. Jeff Valenty, managing partner for FlatWorld Capital, commented on the acquisition, “NetSource presents a compelling addition to Venture Technologies’ ongoing acquisition strategy. FlatWorld Capital is excited to continue to work with the growing Venture team to capitalize upon the incredible opportunities for continued acquisitions in the IT solutions and cloud services industry.”

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