Private, hybrid and multi-cloud solutions provider, Online Tech, has acquired the Infrastructure-as-a-Service (IaaS) as well as the data protection assets and products of IT provider Neverfail. The acquisition, which includes Neverfail’s five cloud nodes and assets in North America, Europe and Asia-Pacific, would significantly increase Online Tech’s geographic footprint.
The acquisition enhances Online Tech’s ability to serve direct customers while adding tens of thousands of new end-users through extensive channel programs. As part of the transaction, the two companies have entered into an ongoing strategic partnership in which Online Tech will become Neverfail’s preferred cloud provider for their software solutions.
The acquisition and agreement allow Neverfail to focus exclusively on software while partnering with Online Tech to provide the cloud infrastructure for compliant sensitive customers who require the highest levels of confidence in their cloud solutions.
“The Neverfail acquisition is an exciting step in Online Tech’s journey of growth,” said Brad Cheedle, CEO of Online Tech. “It demonstrates both the commitment and capabilities we have to enable business transformation and the modernization of critical infrastructure around the globe. With our latest announcement, we are better positioned than ever to earn our place as one of the most respected cloud providers in the world.”
Expanded Managed Services
In addition, Online Tech will now offer expanded managed services for existing customers and resellers that complement their current cloud, colocation, disaster recovery (DR) and security solutions. These include a “partner-centric” private cloud, enhanced data protection (with offsite backup powered by Veeam), Neverfail Workspaces virtual desktop service, Neverfail HybriStor, and Neverfail Continuity Engine.
Neverfail customers would benefit from Online Tech’s proprietary OT Portal single-pane-of-glass portal, allowing for visibility across their entire IT environment. From real-time monitoring to “simplified” billing administration, clients can find answers for all of their IT needs in one place.
This is the second cloud acquisition in 2018 for family owned corporation Schurz Communications, parent company of Online Tech. The deal represents Schurz Communications’ commitment to growth in the cloud and managed IT services arena and offer greater access to cloud infrastructure with top-rated, 24/7 customer support and a full suite of complementary software services.
“The Neverfail acquisition is an exciting step in Online Tech’s journey of growth. It demonstrates both the commitment and capabilities we have to enable business transformation and the modernization of critical infrastructure around the globe,” said Brad Cheedle, CEO of Online Tech. “With our latest announcement, we are better positioned than ever to earn our place as one of the most respected cloud providers in the world.”
Reseller, Agent Programs
The acquisition extends Online Tech’s reseller and agent programs to include many of the world’s greatest service providers.
“Online Tech was a clear choice when we sought a partner to meet our valued customers’ infrastructure needs moving forward,” said Brian Hierholzer, CEO of Neverfail. “Our software offerings layered atop their resilient and high performing cloud solutions are a winning combination we are confident customers will appreciate.”
All Neverfail infrastructure customers will be seamlessly transitioned to Online Tech for their intellectual property, privacy and compliance needs. All existing Neverfail cloud employees will become employees of Online Tech.