Hivelocity, a high provider of naked steel internet hosting, has been efficiently acquired by Colohouse, a portfolio firm of Valterra Companions and a significant participant within the colocation, cloud, internet hosting, and community companies industries. Addressing rising market demand, this strategic acquisition combines the companies portfolio of two well-established internet hosting suppliers with a deal with cloud and naked steel companies.
Based in 2002, Hivelocity is a high provider of colocation companies, non-public cloud options, and customised bare-metal servers. With its international clientele in thoughts, Hivelocity, headquartered positioned in Tampa, Florida, supplies high-performance infrastructure that’s personalized to fulfill the particular wants of firms in quite a lot of sectors, akin to e-commerce, and healthcare. Monetary phrases of this acquisition weren’t disclosed.
“Our acquisition of Hivelocity is a strategic transfer to boost our capabilities and reinforce our dedication to delivering top-tier IT infrastructure companies,” stated Jeremy Pease, CEO at Colohouse. “Collectively, Colohouse and Hivelocity create a novel, next-generation supplier that locations the shopper’s wants and success on the forefront, offering them with the connectivity and computing energy required to deploy and handle trendy functions and knowledge.”
Early within the third quarter of 2024, the merged firms will introduce a brand new non-public cloud providing that’s tailor-made for enterprise virtualization environments to optimize for workloads with advanced functions, architectures, scalability, and safety necessities. That is along with the mixing of their present companies.
“Our mission at Hivelocity is to create an organization with a singular deal with simplifying internet hosting with an distinctive buyer expertise,” stated Mike Architetto, CEO at Hivelocity. “Now we have repeatedly excelled at our mission, grown our buyer base and stored up with their calls for, which led us from a single rack of servers to working 40+ world-class knowledge facilities on 6 continents. Mixed with Colohouse, Hivelocity can speed up its capabilities and proceed its legacy of simplifying IT for its prospects.”
‘A Excessive Progress Market’
In keeping with Colohouse, the next might be important advantages of buying Hivelocity:
Full-service hybrid cloud product providing – Hivelocity’s naked steel servers, digital non-public cloud options, and community automation are added to Colohouse, fortifying the corporate’s infrastructure and internet hosting portfolio. Collectively, the businesses can higher meet the wants of shoppers seeking to maximize cost-efficiency, efficiency, and safety for a wider vary of functions that demand extra processing energy and connectivity alternate options.
Automation and self-service capabilities throughout non-public infrastructure – The mixed enterprise would allow fast deployment and scaling of personal computation and connectivity assets throughout dozens of home and overseas areas as a next-generation service supplier. This mixed platform would allow and combine trendy capabilities together with developer instruments, APIs, and SDN.
High tier expertise serving to prospects succeed – The transaction is predicated on a shared dedication to prioritizing the success and calls for of shoppers. The simplest options would supply information when required and automation when desired, in line with Colohouse. The united groups have a long time of expertise in offering companies and are devoted to offering excellent customer support, the corporate added.
With the acquisition of Hivelocity included, Colohouse has already accomplished seven acquisitions since 2021, all of which had been made potential by ongoing funding and help from Valterra Companions. As a part of the deal, William LaPerch might be becoming a member of the Board of Administrators.
Hivelocity obtained authorized and monetary recommendation from Gunster and DH Capital, a Division of Residents.
“The mixture of Colohouse and Hivelocity is the results of a multiyear technique to accumulate and develop a differentiated knowledge heart and hybrid cloud supplier that gives a platform of great scale inside a excessive development market,” stated Kevin Reed, Managing Director of Valterra Companions. “Along with finishing strategic merchandise and increasing capabilities throughout a broad geographic footprint, the merged firm provides a reliable management workforce and can help important improvement.”
