Mergers and Acquisitions

Mexican Provider KIO Networks Gains US Presence with redIT Acquisition

KIO Networks, a leading Mexican IT service provider, has acquired San Diego`s redIT for an undisclosed amount, the companies announced this week. By adding redIT and its managed cloud computing, connectivity and data center services, KIO not only diversifies its portfolio of offerings and adds points of presence, but also gains a foothold in the world leading U.S. market. Read More

Ricoh to Acquire mindSHIFT from Best Buy

Cloud Money

Consumer electronics giant Best Buy is selling its cloud computing business mindShift Technologies Inc. to Ricoh.

MindShift will continue to operate under the same name and is not expected to undergo management or other major changes. Read More

EIG – More Questions After the IPO

It’s been a couple of weeks since Endurance International Group went public. In a recent blog I wondered if Wall Street would yawn, and it did. EIG wanted to raise $400 million to reduce debt, ending up raising about about $250 million. Short. Circling back to the SEC IPO docs I think I know why. Read More

Telecom WOW! Acquires Cloud Services Provider Bluemile

US internet, cable TV and phone service provider WOW! announced Tuesday that it has acquired cloud service provider Bluemile. Bluemile’s cloud and fiber assets, as well as its 26,000 square foot data center in Columbus, Ohio, are part of the deal. The acquisition allows WOW! to enter the IaaS market. Read More

Internap Acquires iWeb – The Why and Valuation

November 5, 2013 — It only took just a few minutes after the news of the sale of iWeb to Internap was released for Mark Price, CEO of Tranquil Hosting, to question me on Facebook, “Tom, what do you think about those multiples?” Mark, I think you will be surprised how I believe they got to a lofty 13x EBITDA.
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SherWeb Acquires Hosted Microsoft Exchange Provider Thoughtbus

November 4, 2013 — SherWeb announced on Monday that it has acquired Thoughtbus, a hosted Microsoft Exchange provider, for an undisclosed amount. Headquartered in Saratoga Springs, New York, Thoughtbus is a privately-held brand of Nomia Inc., and provides hosted Microsoft Exchange, SharePoint, Lync Server, and CRM. Read More

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