ANN ARBOR, Mich. — Online Tech, a provider of secure, compliant private, hybrid and multi-cloud solutions for service providers, channel partners and enterprise organizations, acquired the Infrastructure as a service and data protection assets and products of IT provider Neverfail.
The acquisition, which includes Neverfail’s five cloud nodes and assets in North America, Europe and Asia-Pacific, 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 their software solutions. 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 their current cloud, collocation, disaster recovery and security solutions. These include a partner-centric private cloud, enhanced data protection (with offsite backup powered by Veeam), Neverfail Workspaces virtual desktop service, Neverfail HybriStorTM and Neverfail Continuity Engine.
Neverfail customers will benefit from Online Tech’s proprietary OT Portal single-pane-of-glass portal, allowing for visibility across their entire IT environment. From real-time monitoring to simplified billing administration, clients can find answers for all of their IT needs in one convenient place.
This is the second cloud acquisition in 2018 for Schurz Communications, parent company of Online Tech and publisher of the Crossroads Business Journal. The deal represents Schurz’ commitment to growth in the cloud and managed IT services arena and offer greater access to cloud infrastructure with top-rated, 24/7 customer support and a full suite of complementary software services.
The acquisition extends Online Tech’s reseller and agent programs to include many of the world’s greatest service providers.
All Neverfail infrastructure customers will be seamlessly transitioned to Online Tech for their intellectual property, privacy and compliance needs. All existing Neverfail cloud employees will become employees of Online Tech.
Layer 7 Capital LLC acted as Neverfail’s exclusive financial advisor for the transaction. The terms of the transaction were not disclosed.