Cloud storage provider IceWEB announced on Monday it will acquire technology company Computers and Tele-Comm for an undisclosed amount.
Headquartered in Kansas City, CTC owns and operates an expandable data center, a wireless Internet service provider, and a carrier-neutral network access point.
The company was founded by technologist Graeme Gibson, and built over the last decade alongside executive vice president of sales Larry Levin.
“This acquisition positions IceWEB as a complete cloud services company,” said IceWEB CEO Rob Howe, who joined the company last July. “We will now be able to aggressively compete in the cloud computing space, which is estimated by Forrester Research to reach $55 billion in 2014. We have firmly established ourselves in the storage market and the Bring Your Own Device file-sharing space. This acquisition adds a major set of additional critical components, capabilities and extensions to those solutions, beginning with our own fully secure, powerful, and expandable data center.”
By acquiring CTC, IceWEB will be able to address a wider range of functions for customers seeking full or hybrid cloud solutions with unlimited capacity and expandability.
The acquisition includes CTC’s expert staff, defensible technology and infrastructure capacity.
Boutique investment bank Source Capital advised the companies on the merger.
Talk back: Do you think this acquisition of Computers and Tele-Comm is a good move for IceWEB? Are you currently offering cloud storage solutions to your customers? Let us know in a comment.