acquires

DES MOINES, IA – LightEdge expands its geographical reach and redundancy and invests further into the company’s world-class compliant cloud solutions as it acquires Austin, Texas-based OnRamp.

“LightEdge is thrilled to announce the expansion of our secure and compliant hosting and colocation services through the acquisition of OnRamp. This combining of forces elevates the strategic vision we have been successfully executing for the past decade. OnRamp brings a tremendous group of skilled experts, HITRUST-certified data center facilities, and a proficiency in delivering leading compliance and security solutions that make them a natural fit with LightEdge,” said Jim Masterson, Chief Executive Officer at LightEdge.


With the emergence of the IT cloud paradigm, many mid-sized enterprises are trying to get out of the hardware business. They are seeking trusted partners that specialize in providing compliant infrastructure to meet increasing audit standards, enhance data security, and minimize business risk or downtime. This acquisition presents the perfect opportunity for LightEdge to expand and serve this national demand.

“LightEdge is an innovative and forward-thinking organization. I am confident they have the drive, ingenuity, and financial support to continue to propel the combined company into the forefront of the nation’s top hosting and compliant cloud providers,” said Lucas Braun, Chief Executive Officer for OnRamp. “Our two cultures and values are a great fit, which was important to us in making this decision.”

LightEdge and OnRamp both bring over 20 years of experience to the industry. They have built deep expertise in achieving the world’s top compliance and security standards for their operations and their customers by hosting complex workloads for highly-regulated sectors like healthcare, financial services, education, and manufacturing. DH Capital, LLC served as the exclusive financial advisor for OnRamp.

LightEdge currently owns four colocation facilities: two purpose-built data centers outside of Des Moines, Iowa, one facility within the underground mines of SubTropolis Technology Center in Kansas City, MO, and another recently opened data center in Omaha, Nebraska. Through this acquisition, LightEdge will now be able to expand their geographically-dispersed data center reach into Austin, Texas and Raleigh, North Carolina. This acquisition also puts LightEdge on the Electric Reliability Council of Texas (ERCOT) power grid, in addition to their presence on the Eastern grid. This dual-coverage and increased reliability will offer more value and flexibility for LightEdge customers.

About LightEdge
With over 20 years in business, LightEdge offers a full stack of best-in-class IT services to provide leading flexibility, security, and control. Their solutions include premier colocation across four purpose-built data centers, industry-leading private Infrastructure as a Service (IaaS) and cloud platforms, and the top global security and compliance measures. Their owned and operated facilities, integrated disaster recovery solutions, and premium cloud choices make up a true Hybrid Cloud Solution Center model. LightEdge’s strong financial backing of the Anschutz Group empowers them to invest heavily in their markets. LightEdge annually undergoes third-party audits for maintaining ISO 20000-1, ISO 27001, HIPAA, PCI-DSS 3.2, and SSAE 18 SOC 1 Type II, SOC 2 Type II and SOC 3. For more information, visit www.lightedge.com.

About OnRamp
Founded in 1994 as an ISP, OnRamp opened its first data center in 2003 and transitioned into the private cloud space. In 2010, OnRamp strategically pivoted into the high security hosting space and expanded its data center reach into Raleigh and an additional ground-up build of a second Austin facility. Today, OnRamp is a leading HITRUST-certified data center services company that guides businesses through the complexities of data security and compliance. OnRamp’s solutions help organizations in healthcare, financial services and education services meet compliance standards including HIPAA, PCI, SOX, FISMA and FERPA. Their breadth of hybrid computing and managed services ensures they can provide custom solutions from colocation to cloud. For more information, visit www.onr.com.

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AUSTIN, TX – Hostway, a leading managed cloud hosting provider and specialist in compliant hybrid and multi-cloud hosting solutions, today announced its acquisition of the Toronto-based MyHosting.com and Mail2Web lines of business from Ingram Micro. Under the terms of the deal, the MyHosting.com brand, customers and key employees join Hostway; Hostway continues to operate and evolve the MyHosting brand, products and platform.

Hostway plans to leverage the skillset and experience of the MyHosting.com team members to further bolster its capabilities with Ingram Micro’s CloudBlue Automation platforms and will incorporate the platform more broadly in both its direct and wholesale channels.

“We are honored to have the talented and experienced MyHosting.com team members join our family of employees at Hostway and to expand our footprint in Canada with an office in Toronto in addition to our existing location in downtown Vancouver,” said John Enright, SVP and General Manager at Hostway. “We look forward to building upon the innovative products and features the MyHosting.com team has deployed on the CloudBlue platform, and to providing its loyal base of direct customers and resellers with the very best service.”

“For the past 20 years, Hostway has been a dominant player in enabling the largest communications companies in North America to deliver a wide variety of value-added services to millions of subscribers,” said Emil Sayegh, President and CEO of Hostway. “The acquisition of MyHosting.com and our partnership with Ingram Micro, in conjunction with the power and flexibility of the CloudBlue platform, further strengthen and diversify our automation capabilities. Automation platforms like CloudBlue – when combined with our passionate support team, experienced system operations team and skilled system integrators – make us the partner of choice for telecom and cable companies in need of turnkey solutions to offer additional value added services to their customers.”

“Hostway has been a valued, long-term partner of Ingram Micro, and this transaction builds further on our joint commitment to support the business requirements of our customers and the profitable growth of our respective businesses,” said Nimesh Dave, Executive Vice President Global Cloud Computing at Ingram Micro. “Our CloudBlue Automation platform is an excellent gateway supporting the rapidly growing demand for cloud-based solutions, one that enables leading service providers like Hostway to rapidly deploy and scale a wide variety of value-added services for their direct customers and partners. Hostway’s proven track record of providing excellent service offers an exceptional experience for both the MyHosting.com customer base and the talented employees that are joining to the Hostway team.”

About Hostway Services
Hostway Services, Inc. is the world’s most trusted managed compliant hosting provider, delivering managed cloud infrastructure and application hosting solutions for telecommunication and cable companies, as well as software companies including healthcare, SaaS and e-commerce focused organizations. Its team of engineers in North America, Europe, and Asia deliver reliable, secure and scalable web hosting, email hosting, private cloud, managed cloud and hybrid cloud hosting solutions to thousands of customers across ten geographically diverse SSAE 16 and ISO 27001 data centers around the world while ensuring strict compliance such as PCI and HIPAA. At Hostway, every customer interaction is treated as an opportunity to develop a long-term relationship based on trust. Visit http://hostway.com for more information.

About Ingram Micro Inc.
Ingram Micro helps businesses Realize the Promise of Technology™. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. More at http://www.ingrammicro.com.

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Plesk, the leading WebOps platform provider, recently announced that it has acquired the VPS (virtual private server) and IaaS (infrastructure-as-a-service) management system called SolusVM from OnApp. SolusVM (Solus Virtual Manager) platform allows enterprises to manage OpenVZ, Xen and KVM virtual machines from a single point. It comes with a web-based and customizable user interface using which customers can easily manage the virtual servers. The VPS management system of SolusVM is designed for cloud service providers (CSPs) and resellers, which supports several billing systems and virtualization technologies. With the acquisition, Plesk aims to provide CSPs and web professionals a single solution for web operations. “We’re very happy to have Solus Virtual Manager and their complete VPS management solution on board. SolusVM lets companies of any size manage virtual machines – from one central user interface, with security and ease. Firstly, makes it a breeze for service providers,…
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BOSTON – Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, has acquired EvoSwitch Netherlands B.V and EvoSwitch Global Services B.V. (“EvoSwitch NL”) for €205 ($235) million. The transaction provides 11 megawatts (MW) of existing data center capacity in the Netherlands, which is 100% leased, with expansion capability of an additional 23 MW, for total potential capacity of 34 MW.

Founded in 2007, EvoSwitch NL is a leading global brand and provider of multi-tenant data center space, operating one of the largest colocation facilities centers in the Metropolitan Region Amsterdam (MRA). Its existing campus supports more than 50 connectivity and telecommunication providers, including world-leading internet exchanges, such as the Amsterdam Internet Exchange AMS-IX. The MRA is a critical node in the FLAP data center market (Frankfurt, London, Amsterdam, Paris), which totaled approximately 1160 MW at the end of 2017. The MRA experienced net absorption of more than 21 MW of space in the fourth quarter of 2017, making it the second largest data center market in Europe and a Top 5 global market. This transaction enhances Iron Mountain’s presence in the important FLAP market, following Iron Mountain’s move into London early this year through the purchase of a data center facility from Credit Suisse.

The MRA region also boasts the lowest average energy prices and the most reliable energy grid among FLAP markets. EvoSwitch NL has focused on sustainable operations since its founding and had the first 100% carbon neutral data center facility in the Netherlands using wind, hydro and biomass power, consistent with Iron Mountain’s commitment to offsetting 100% of its data center carbon footprint.

EvoSwitch NL has a diversified base of global customers including multinational enterprises, cloud service providers and public sector institutions. Leaseweb Netherlands B.V., (“Leaseweb NL”), a related party of the seller and a large cloud hosting company with operations in 35 countries, represents approximately 45% of EvoSwitch NL’s contracted revenue under a 10-year lease agreement, making it one of Iron Mountain Data Centers’ Top 5 customers. No other customer represents more than 15 percent of total revenue.

The EvoSwitch NL data center acquisition includes two locations in the MRA. The first is a state-of-the-art facility totaling 150,000 square feet of space with 87,000 square feet of existing data halls, representing approximately 11 MW of existing power capacity. Expansion of a further 2 MW is underway at this location, with 600 kilowatts preleased to Leaseweb NL. This location is expandable to a total of 430,000 square feet of space that can support additional data halls totaling 14 MW, bringing the first location to 27 MW of total potential capacity.

The second location is a site that can support a 57,000 square-foot facility including 41,000 square feet of data hall development. Expansion capacity at this site can support a further 7 MW, bringing total potential capacity for the two locations to 34 MW.

“We are pleased to welcome the EvoSwitch team and its customers to Iron Mountain. The seasoned management team has operated in the data center business for more than 11 years and delivered consistent growth,” said Mark Kidd, senior vice president and general manager, Iron Mountain Data Centers. “EvoSwitch NL’s focus on security, energy efficiency and its solid track record of continuous uptime is a great fit with our existing data center organization. When combined with current and potential capacity in Iron Mountain’s existing data center portfolio, our total portfolio now represents more than 285 MW across many of the most attractive and highest net absorption markets in the U.S. and globally.

“Having established our significant international data center platform through both recent transactions and organic growth, we look forward to continued integration of the business, and our near-term growth will be primarily from the development of new space in the attractive global markets where we have a presence,” Kidd added.

Eric Boonstra, chief executive officer, EvoSwitch said, “We look forward to combining our EvoSwitch NL business with that of Iron Mountain Data Centers, which shares our commitment to customer service and operational excellence. This transaction represents an opportunity for us to extend relationships with our existing customers by providing data center expansion capacity in important continental European markets, and the potential to provide capacity in the important Amsterdam region to Iron Mountain’s legacy data center customer base.”

Leaseweb founder and CEO Con Zwinkels added, “We share Eric’s enthusiasm for this acquisition of EvoSwitch NL. As a global cloud hosting company serving more than 17,500 customers worldwide, it is important for us to accommodate their growing needs. Through this transaction, Leaseweb has improved access to a broad portfolio that includes Iron Mountain’s data centers around the globe. We are pleased to be partnering with a company that has such a strong reputation for security and reliability.”

Transaction Economics

The consideration of €205 ($235) million, represents a multiple of approximately 14x 2018 EBITDA, excluding integration expense. The purchase agreement also includes a future revenue credit to Leaseweb, in the amount of $25 million, which may be utilized for future expansion and new leasing in any of Iron Mountain Data Centers’ other global locations prior to June 2028, subject to other terms.

Iron Mountain projects a stabilized net operating income yield of 12% – 13% following build-out and lease-up of the expansion capacity at the EvoSwitch NL locations. The existing EvoSwitch NL capacity is expected to generate annualized revenue of approximately $30 million at mid-50% Adjusted EBITDA margins. Including integration costs, Iron Mountain expects the transaction to result in modest AFFO dilution of approximately 0.5% in 2018, and for the acquisition to be accretive in 2019 following integration.

While the EvoSwitch NL acquisition was not part of Iron Mountain’s previously disclosed 2020 plan, the transaction supports the company’s goal to accelerate Revenue and Adjusted EBITDA growth through a shift in mix to faster-growing, higher-margin businesses. The transaction is debt financed. The company remains on track to reduce its lease-adjusted leverage ratio to the mid-5x range by year-end 2018, and is committed to its 2020 plan to reduce its leverage ratio to approximately 5x, and lower its dividend payout as a percentage of Adjusted Funds From Operations to 70% – 75%, assuming annual dividend per share growth of approximately 4%.

About EvoSwitch NL
EvoSwitch NL was founded in 2007 as part of the Ocom Group (www.ocom.com), Europe’s largest privately owned internet services company, and the first carbon and carrier-neutral data center in the Netherlands. Since then it has grown continuously, reflecting the growth of the Internet in general and its customers in particular. Following through on its carrier-neutral proposition, it has also built up a diverse ecosystem of telecommunications carriers and network service providers that help customers connect cost-effectively and with confidence. Following the sale of EvoSwitch NL, the selling entity, EvoSwitch International B.V. will remain part of the Ocom Group and will continue as a brand and data center operator, with operating companies EvoSwitch Germany GMBH and EvoSwitch USA, Inc.

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include information management, digital transformation, secure storage, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.

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SAN ANTONIO, TX – Rackspace® announced it has acquired RelationEdge®, a full-service Salesforce Platinum Consulting Partner and digital agency that helps clients engage with their customers from lead to loyalty by improving business process, leveraging technology, and integrating creative digital marketing.

Software-as-a-service (SaaS) applications like Salesforce® are a growing component of many companies’ digital transformation journey. With this acquisition, Rackspace expands its ability to be a preferred partner for managing a customer’s complete application portfolio through continuous transition to modern technologies, including SaaS applications. Rackspace has built one of the industry’s broadest portfolios of IT services and expertise across applications, data, security, and infrastructure.


“We have acquired RelationEdge in response to the growing demand we’re hearing from customers,” said Gerard Brossard, EVP and general manager of Rackspace Application Services. “Enterprise and midmarket companies are increasingly deploying SaaS applications to enhance business processes across many departments, from sales and marketing to customer service, operations, HR, and finance. These applications are powerful, but also complex to implement and costly to continually keep up-to-date. RelationEdge further extends Rackspace’s unrivaled portfolio and expertise to help companies navigate and operate in the world of ever-changing IT.”

“The line between managed services and professional services is blurring. Enterprise customers want a trusted advisor who can help them navigate their end-to-end digital transformation journey as they adopt next generation SaaS environments” said Michelle Bailey, Group Vice President, General Manager and Research Fellow, IDC. “Rackspace’s acquisition of RelationEdge addresses this enterprise customer need and fits the evolving company strategy to be a leading IT services provider.”

Based in San Diego, CA where it was founded in 2013, RelationEdge has since opened offices in a dozen cities across the U.S. It is a growing and profitable business with 125 employees. Rackspace intends to operate the business with considerable independence under its current leadership and the RelationEdge brand, which is well known and respected among Salesforce’s leaders and customers.

“We are very proud of what we’ve built,” said Matt Stoyka, RelationEdge founder and CEO. “We’re also excited about what we still can achieve in this fast-growing market by joining forces with Rackspace. The two companies are a great fit culturally as both differentiate themselves through exceptional customer service. RelationEdge’s Process First, Technology Second® approach perfectly complements Rackspace’s approach to provide unbiased expertise across all leading technologies and to deliver the best-fit solution for each customer’s unique needs.”

“We are happy to see Rackspace and RelationEdge come together,” said Kori O’Brien, Senior Vice President, North America Alliances & Channels at Salesforce. “RelationEdge has been a valuable partner in the Salesforce ecosystem. The combination of RelationEdge’s unique process-first approach to solving business problems, and Rackspace’s transformation and technology expertise, will allow both companies to provide greater service and solutions to fuel customer success.”

Both companies are privately held, with Rackspace owned by affiliates of certain funds of Apollo Global Management, LLC and certain co-investors. RelationEdge was owned by its founders, its regional market leaders, and Tide Rock Ventures. Financial details are not being disclosed.

About Rackspace
Rackspace is a leading provider of IT as a service in today’s multi-cloud world. It delivers expert advice and integrated managed services across applications, data, security and infrastructure, including public and private clouds and managed hosting. Rackspace partners with every leading technology provider, including Alibaba, AWS, Google, Microsoft, OpenStack, Oracle, SAP, and VMware. The company is uniquely positioned to provide unbiased expertise on which technologies will best serve each customer’s needs. Rackspace was named a leader in the 2018 Gartner Magic Quadrant for Public Cloud Infrastructure Managed Service Providers, Worldwide and has been honored by Fortune, Glassdoor and others as one of the best places to work. Based in San Antonio, Texas, Rackspace serves more than 140,000 business customers, including most of the Fortune 100, from data centers on five continents. Learn more at rackspace.com.

About RelationEdge
RelationEdge is a Salesforce Platinum Consulting Partner and Digital Agency that helps companies implement, customize and integrate Salesforce, and provides ongoing services and support to continually adapt the platform to meet changing business requirements. RelationEdge uses marketing and technology to get from lead to loyalty. For more information, please visit relationedge.com.

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MANASSAS, VA – Leading cloud service provider Leaseweb USA today announces it has acquired ServInt, a Northern Virginia-based pioneer in web hosting and leading provider of managed hosting services for cloud IT operations. ServInt was founded in 1995 and has since become a renowned brand in the US cloud and hosting industry. The acquisition supports Leaseweb in its ambition to increase its footprint and customer base in the United States, as well as adding deep expertise in the large and growing third-party managed services market. Financial details of the transaction were not disclosed.

Leaseweb USA, part of Leaseweb Global, entered the United States market in 2011 and has since grown its presence both organically and through the acquisitions of Shore.net in 2013 and Nobis Technology Group in 2016. Through the addition of ServInt, Leaseweb USA is substantially increasing its footprint in the United States. Current ServInt customers can instantly benefit from the Leaseweb services offering and its global presence through its 19 datacenters across four continents.


In conjunction with its web hosting offerings, ServInt provides end-to-end solutions for public, private and hybrid cloud-based offerings. These include AWS, Microsoft Azure and Google Cloud solutions. Also, ServInt offers consultancy and IT extension services. Leaseweb USA has brought all ServInt employees on board. By adding the very skilled team to its staff, Leaseweb USA has expanded its capabilities to create a value proposition for customers looking for managed IT services at a competitive price.

Lex Boost, CEO of Leaseweb USA, says: “We are delighted to welcome the ServInt team to Leaseweb to further strengthen our position in the USA. They hold a phenomenal track record on servicing and retaining their customers and their philosophy that a strong team makes a strong company fits ours seamlessly. With ServInt we added another building block to become a leading cloud services provider in the United States.”

Reed Caldwell, Founder & CEO at ServInt, adds: “Leaseweb and ServInt are very similar in many ways. In the mid-nineties, we both saw the potential of the internet and decided to make a business out of it. Twenty plus years on we can look back on some great achievements. I’m proud that ServInt is now joining the Leaseweb family, giving clients access to the same experts and services they’re used to, whilst having the ability to take advantage of a strong, global operation in Leaseweb.”

About Leaseweb
Leaseweb is a leading Infrastructure as a Service (IaaS) provider serving a worldwide portfolio of 17,500 customers ranging from SMBs to Enterprises. Services include Public Cloud, Private Cloud, Dedicated Servers, Colocation, Content Delivery Network, and Cyber Security Services supported by exceptional customer service and technical support. With more than 80,000 servers under management, Leaseweb has provided infrastructure for mission-critical websites, Internet applications, email servers, security, and storage services since 1997. The company operates 19 data centers in locations across Europe, Asia and North America, all of which are backed by a superior worldwide network with a total capacity of more than 5.5 Tbps. Leaseweb offers services through its various subsidiaries, which are Leaseweb Netherlands B.V. (“Leaseweb Netherlands”), Leaseweb USA, Inc. (“Leaseweb USA”), Leaseweb Asia Pacific PTE. LTD (“Leaseweb Asia”), Leaseweb CDN B.V. (“Leaseweb CDN”), Leaseweb Deutschland GmbH (“Leaseweb Germany”), Leaseweb Australia Ltd. and Leaseweb UK Ltd.

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