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Online Tech, a provider of HIPAA-compliant hybrid and multi-cloud solutions, has officially acquired the IaaS, data protection assets, and cloud nodes of the Austin, TX-based IT services provider Neverfail for an undisclosed sum.
The deal has seen Online Tech significantly expand its global footprint and now offer additional cloud nodes in Texas, Nevada, Virginia, the United Kingdom, and Australia. The additional assets will help Online Tech better serve direct customers while its channel program has been developed further and is expected to bring in tens of thousands of new end users. The enhanced channel program includes a partner-centric private cloud, dedicated sales and marketing resources, products that have been custom-built to meet the needs of partners, and a zero-conflict channel promise.
Online Tech was already offering multi-cloud solutions, colocation services, data protection, and a range of compliance, security, and managed services to its customers. The acquisition has allowed Online Tech to expand its services further to include several additional products such as Veeam-powered backups and desktop virtualization services atop its cloud infrastructure.
“Online Tech was a clear choice when we sought a partner to meet our valued customers’ infrastructure needs moving forward,” said Brian Hierholzer, CEO at Neverfail. “Our software offerings layered atop their resilient and high performing cloud solutions are a winning combination we are confident customers will appreciate.”
The deal has seen Online Tech and Neverfail form a new strategic partnership. Neverfail will now be concentrating solely on software. The firm will use Online Tech as its preferred cloud partner, and its customers will benefit from the OT Portal, which provides visibility across the entire IT environment through a single pane of glass. Online Tech will also be providing the infrastructure for healthcare clients and other highly regulated industries that require advanced security.
This is the first acquisition of 2018 since Online Tech itself was acquired by Schurz Communications in February 2018.
“The Neverfail acquisition is an exciting step in Online Tech’s journey of growth. It demonstrates both the commitment and capabilities we have to enable business transformation and the modernization of critical infrastructure around the globe,” said Brad Cheedle, CEO of Online Tech.