ViaWest, a colocation provider delivering hybrid IT solutions in North America, has announced an agreement under which ViaWest will acquire cloud hosting provider INetU from BV Investment Partners and other shareholders for $162.5 million. INetU has about 110 employees, projects revenue growth of more than 20% for 2014, and has five datacenter locations in Allentown; Seattle; Ashburn, Virginia; Amsterdam; and London.
“Our acquisition of INetU advances our offerings and strengthens our position as a premier Hybrid IT solutions provider,” said Nancy Phillips, president and CEO of ViaWest. “It will allow us to add new services and capabilities to our cloud and managed offerings, and expand our geographic footprint with East Coast and European cloud locations to offer our customers more choice for deployment of their applications.”
Like ViaWest, INetU has deep expertise in data management, including database, disaster recovery (DR), and compliance-as-a-service offerings. Customers of INetU’s security and compliance services would benefit from ViaWest’s recently acquired AppliedTrust business unit, which offers security, compliance, DevOps and infrastructure consulting services to a wide range of enterprise and government clients.
INetU has an existing customer base that ranges from medium-sized businesses to the Fortune 100, including those in key ViaWest industry segments such as healthcare, financial services and education. Additionally, the company’s data center locations in Pennsylvania, Virginia, Washington, the United Kingdom and the Netherlands complement the ViaWest footprint and position the company for further expansion.
ViaWest has also announced the appointment of Jason Nance to the position of Senior Vice President of Sales (SVP of Sales). With nearly 20 years of sales and leadership experience and a strong background in the tech sector with expertise in managed IT services, colocation, cloud hosting services and disaster recovery solutions, Mr. Nance is poised to help ViaWest further solidify its position as a prominent player in the hybrid IT solutions space.
Mr. Nance joins ViaWest from SunGard Availability Services, where he served as Senior Vice President of Sales and was responsible for sales strategy and supporting new product and service launches. According to ViaWest, he played an instrumental role in the company’s expansion, including its 2014 spinoff from SunGard Data Systems.
Jason Nance’s experience also includes work in the financial services sector, where he sold treasury and risk management software to the Fortune 1000. Mr. Nance earned his bachelor’s degree from the University of Illinois at Urbana-Champaign.
Since its acquisition by Shaw in 2014, ViaWest has continued to expand both its portfolio of hybrid IT solutions and its geographic footprint, including recently opened data centers in Portland, Oregon, and Calgary. Today, ViaWest’s solutions allow customers to combine traditional colocation services with cloud computing, security support and consulting to create flexible solutions that best fit their specific IT needs.
With 29 data centers available across North America and a broad product portfolio of IT solutions, consulting and enterprise-class cloud solutions, ViaWest works with companies of all sizes across multiple industry sectors.