After St. Joseph tech firm acquisition, Online Tech expands to KC
April 20, 2017 | Meghan LeVota
Ann Arbor-based Online Tech has acquired a St. Joseph, Mo. cloud firm, paving the way for its expansion into Kansas City.
The cloud security company announced Thursday that it purchased St. Joseph-based Echo Cloud, which provides colocation and cloud hosting services.
Echo Cloud CEO Bill Severn said he’s pleased to be joining the Online Tech team.
“I believe the values we hold match Online Tech’s very well, and I think this will be a great partnership moving forward,” Severn said in a release. “Online Tech has been a leader in compliance for many years,I’m pleased we can now offer HIPAA- or PCI-compliant data hosting to our existing customers here in Kansas City.”
Allowing for easier service management, Severn added that the companies will combine their existing services into Online Tech’s client platform. Wanting to tap the Kansas City market, Online Tech was interested in Echo Cloud for its ability to grow in the Midwest.
With offices in Michigan and Indiana, CEO of Online Tech CEO Yan Ness is excited to expand the firm’s product line.
“I’m very pleased with this deal,” Ness said in a release. “We really like the Kansas City market. There’s lots of demand that we think is underserved, and this is a great opportunity to provide companies in the area with our secure, compliant hybrid IT services.”
Severn, who declined to disclose the amount of the acquisition, will no longer serve as CEO for Echo Cloud, but will stay on the board of directors for Online Tech. The firm will maintain its offices in St. Joseph, Mo.
2017 Startups to Watch
stats here
Related Posts on Startland News
KC startups nab first, second place in national contest
Two Kansas City startups recently reigned supreme in UPS’s inagural Midwest X-Port Challenge. Mobility Designed, a medical device company from Prairie Village, Kan. that is also a 2016 LaunchKC grant finalist, won first place. The startup has garnered international attention thanks a viral video featuring their futuristic crutches. Mobility Designed CEO Liliana Younger said that…
Striving to change KC culture, LiveKC launches app
Millennials now make up the largest portion of the working population. A generation growing up with fast-paced technology in hand, Kansas City will have to move quickly to keep ahead of the curve and to attract and retain young talent. In order to do that, the LiveKC initiative was born in order to make Kansas…
Events Preview: A conversation with Henry and Tom Bloch
There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter or curious Kansas Citian, we’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW A Conversation with Henry and Tom Bloch When: September 7 @ 5:00 pm – 6:30 pm Where: Bloch Executive Hall, Room 218 Join…
Kansas City to become gigabit testbed with first-in-U.S. infrastructure
Since the arrival of Google Fiber in 2012, Kansas City has been buzzing with excitement about gigabit internet and how it can benefit citizens. Gigabit-fast speeds are convenient for individuals and businesses alike, but one question has remained unanswered: how does a community — especially one trying to build a smart city — take advantage…