ViaWest Expands to Europe via $162.5 Million Acquisition
October 05, 2017
Buying Allentown, Pennsylvania-based INetU Inc. also brings ViaWest new customers in health care, financial services and education, the company said.
“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.
ViaWest sells data center services to other companies, ranging from hosting their software and supporting their technology infrastructure to offering space in their data centers in which clients can maintain their own computer servers.
INetU has domestic data centers in Allentown and in Ashburn, Virginia, as well as outside Seattle. It also operates data centers in London and Amsterdam, which would give ViaWest a presence in major European business centers for the first time.
ViaWest employs just over 400 people. Most of them are in the Denver metro area, while others are scattered in the U.S. markets where ViaWest operates 29 data centers.
“The combination of ViaWest and INetU offers significant benefits for our customers and our employees, giving them moreoptions, capabilities and opportunities,” said Dev Chanchani, CEO and founder of INetU.
Canadian cable company Shaw Communications Inc. (NYSE: SJR) bought ViaWest last year for $1.2 billion. Shaw has let ViaWest remain an autonomous business unit.
INetU will be ViaWest’s second acquisition since becoming part of Shaw.
In June, ViaWest bought Boulder-based Applied Trust Engineering to expand into the growing niche of operations support for software developers.Digital Realty Launches "Direct Link Colo" Solution Enabling Customers to Directly Connect to IBM Cloud