ANN ARBOR — Online Tech, the Ann Arbor-based cloud IT services provider, announced it had acquired the infrastructure-as-a-service and data protection businesses of the Austin, Texas-based IT services provider Neverfail. Terms of the transaction were not disclosed.
Online Tech officials said the acquisition, which includes Neverfail’s five cloud nodes and assets in North America, Europe and Asia-Pacific, significantly increases Online Tech’s geographic footprint and its ability to serve direct customers while adding tens of thousands of new end-users through extensive channel programs.
As part of the transaction, the two companies have entered into an ongoing strategic partnership in which Online Tech will become Neverfail’s preferred cloud provider for its software. The acquisition and agreement allows Neverfail to focus exclusively on software while partnering with Online Tech to provide the cloud infrastructure for compliant sensitive customers requiring a high level of confidence in their cloud solutions.
In addition, Online Tech will now offer expanded managed services for existing customers and resellers that complement its current cloud, collocation, disaster recovery and security services. These include a partner-centric private cloud, enhanced data protection (with offsite backup powered by Veeam), Neverfail Workspaces virtual desktop service, Neverfail HybriStor, and Neverfail Continuity Engine.
This is the second cloud acquisition in 2018 for Schurz Communications, the Mishawaka, Ind.-based parent company of Online Tech. The deal represents Schurz Communications’ commitment to growth in the cloud and managed IT services business and to offer greater access to cloud infrastructure with top-rated, 24/7 customer support and a full suite of complementary software services.
“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. “With our latest announcement, we are better positioned than ever to earn our place as one of the most respected cloud providers in the world.”
The acquisition extends Online Tech’s reseller and agent programs to include many of the world’s greatest service providers.
“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.”
More at www.onlinetech.com