Online Tech, a provider of secured, compliant hybrid cloud services, has acquired Echo Cloud – a Kansas City, Mo., based enterprise cloud company. The acquisition is set to boost Online Tech’s reach in the Midwest market and provide further geographical diversity to its growing cloud infrastructure.
With the transaction, Online Tech now has three major markets: Missouri, Indiana and Michigan, with seven data centers spread between the three states.
Yan Ness, CEO of Online Tech, said the acquisition provides several benefits for his company, including an expanded product line and geographic reach to the Kansas City and Missouri markets. “I’m very pleased with this deal,” said Mr. Ness. “We really like the Kansas City market. There’s lots of demand that we think is underserved, and this is a great opportunity to provide companies in the area with our secure, compliant hybrid IT services.”
Additional benefits include adding two Kansas City data centers and extra cloud infrastructure to Online Tech’s existing data centers across Michigan and Indiana.
Bill Severn, CEO of Echo Cloud, is equally enthusiastic for the two companies to come together. “Echo Cloud is extremely excited to be joining Online Tech,” said Mr. Severn. “I believe the values we hold match Online Tech’s very well, and I think this will be a great partnership moving forward.”
The companies will combine their existing services into Online Tech’s client portal to allow for “easy” account viewing and service management. Echo Cloud will also provide new services from Online Tech to its existing clients that are compliant with standards such as PCI and HIPAA. “Online Tech has been a leader in compliance for many years,” added Severn. “I’m pleased we can now offer HIPAA- or PCI-compliant data hosting to our existing customers here in Kansas City.”