ViaWest Inc, a subsidiary of Shaw Communications Inc, this month agreed to buy INetU Inc, a managed hosting and cloud services provider headquartered in Allentown, Pennsylvania. The purchase price of US$162.5 million will be paid to U.S. private equity firm BV Investment Partners and other shareholders. INetU was recapitalized by BV Investment Partners in late 2012. ViaWest said the deal advances its offerings and strengthens its position as a hybrid information technology solutions provider. Shaw is a Canadian communications and media company.
ViaWest to Acquire INetU
DENVER – Nov. 16, 2015 – ViaWest, Inc. (“ViaWest”), a leading Hybrid IT solutions provider in North America, and INetU, Inc. (“INetU”) today announced an agreement under which ViaWest will acquire INetU from BV Investment Partners and other shareholders for US$162.5 million. INetU is a customer-centric solutions provider for public, private and hybrid cloud environments, coupled with deep managed security and compliance services.
“Our acquisition of INetU advances our offerings and strengthens our position as a premier Hybrid IT solutions provider,” said Nancy Phillips, president and CEO of ViaWest. “It will allow us to add new services and capabilities to our cloud and managed offerings, and expand our geographic footprint with East Coast and European cloud locations to offer our customers more choice for deployment of their applications.”
Like ViaWest, INetU has deep expertise in data management, including database, disaster recovery (DR), and compliance-as-a-service offerings. Customers of INetU’s security and compliance services will benefit from ViaWest’s recently acquired AppliedTrust business unit, which offers security, compliance, DevOps and infrastructure consulting services to a wide range of enterprise and government clients.
“The combination of ViaWest and INetU offers significant benefits for our customers and our employees, giving them more options, capabilities and opportunities,” said Dev Chanchani, CEO and founder of INetU. “INetU’s customer-centric philosophy has helped us attain the hosting industry’s highest customer satisfaction rating. ViaWest has a similarly strong customer-first culture, and together, we will offer customers hybrid cloud solutions that scale, all with unparalleled customer support.”
INetU has an existing customer base that ranges from medium-sized businesses to the Fortune 100, including those in key ViaWest industry segments such as healthcare, financial services and education. Additionally, the company’s data center locations in Pennsylvania, Virginia, Washington, the United Kingdom and the Netherlands complement the ViaWest footprint and position the company for further expansion.
ViaWest is a stand-alone, wholly owned subsidiary of Shaw Communications, Inc. Since its acquisition by Shaw in 2014, ViaWest has continued to expand both its portfolio of Hybrid IT solutions and its geographic footprint, including recently opened data centers in Portland, Ore., and Calgary. Today, ViaWest’s solutions allow customers to combine traditional colocation services with cloud computing, security support and consulting to create powerful, flexible solutions that best fit their specific IT needs. With 29 data centers in North America and a broad product portfolio of IT solutions, consulting and enterprise-class cloud solutions, ViaWest works with companies of all sizes across multiple industry sectors.
For the transaction, RBC Capital Markets LLC is financial advisor and Hogan Lovells LLP is legal advisor to ViaWest. DH Capital, LLC is financial advisor and Choate, Hall & Stewart LLP is legal advisor to INetU. The transaction, which is expected to close before the end of the year, is subject to customary closing conditions.
ViaWest is a leading Hybrid IT solutions provider offering cloud, colocation, compliance services and security solutions, and is a wholly owned subsidiary of Shaw Communications, Inc. (NYSE: SJR). With more than 16 years of experience and 29 North American data centers, ViaWest offers IT and infrastructure solutions that solve business challenges while balancing cost, scalability and security requirements. ViaWest delivers tailored solutions designed for maximum reliability and flexibility backed by our 100% uptime commitment.
For additional information on ViaWest, please visit www.viawest.com or call 1-877-448-9378. Follow ViaWest on LinkedIn and Twitter.
INetU, the customer-centric cloud company, combines state of the art managed cloud and hosting solutions with the industry’s premier service and support. Industry leading companies have chosen INetU for their reliable, flexible, secure, and compliant hosting services to safely accelerate their business growth while reducing their investment in managing their own IT infrastructure. The company’s global data centers, award-winning hosting, technical expertise and unique approach to managed services and support have earned the company the highest customer satisfaction scores in the industry. Visit www.INetU.net for more information.
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