Cloud services provider Intermedia announced on Wednesday that it has received a strategic investment from venture capital firm Nokia Growth Partners. The specific amount of the investment was not disclosed.
This news comes a month after Intermedia announced that it has named Dr. Prasad Akella senior vice president of product management and marketing.
If the name Nokia sounds familiar, it’s because it is one of the world’s largest manufacturers of mobile devices. It announced a strategic alliance with Microsoft last year, and has launched four Nokia Lumia smartphone models using Microsoft’s Windows Phone platform. Nokia Growth Partners focuses its investments in the mobile technology space.
Intermedia enables customers to manage mobile devices in one console, and integrates with other hosted services. Its hosted ActiveSync service gives users access to email from any Windows Mobile, Android, BlackBerry, iPhone, or Nokia smartphone, keeping devices synced and updated. Intermedia recently began offering Office 365 to customers and resellers, adding to its Office in the Cloud product set. The investment could be a sign of a more mobile-focused strategy from the cloud provider in the future.
“We are delighted to welcome Nokia Growth Partners as our newest investor,” Phil Koen, CEO, Intermedia said in a staement “Mobility and cloud computing are inextricably interwoven. We recently released two innovative mobile apps to make cloud management even easier for our customer’s administrators and end-users. Over 80 percent of our customer base uses Intermedia’s mobility services, and that number grows monthly. Outside of hosted Exchange, mobility is our largest offering to customers. With Nokia Growth Partners we are excited to broaden our opportunities in the mobility space.”
The web host manages 450,000 premium Microsoft hosted Exchange mailboxes, and distributes its services to 45,000 business customers directly and through its 10,000 global channel partners.
Intermedia was acquired by Oak Hill Capital in May 2011. Oak Hill previously owned Cincinnati Bell, and acquired ViaWest in 2010.
“Nokia Growth Partners invests in industry leading companies that are changing the face of mobility and whose businesses can benefit from a deeper relationship with Nokia,” Paul Asel, managing partner of Nokia Growth Partners said in a statement. “Intermedia is a leader in cloud-based enterprise services, a rapidly changing market where mobile offerings will be important. We are excited to work with Intermedia to help them achieve their strategic goals and full potential in the area of global mobility.”
Talk back: What do you think of this investment? How do you think an investment from a mobile-focused venture capital provider will influence its cloud strategy? Let us know in a comment.