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
Events Preview: KC Coworking Week
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 KC Coworking Week When: KC Coworking Alliance Members Where: participating locations Aug 8-12 is the official KC Coworking Week! Free drop-in coworking…
Rep. Kevin Yoder talks challenges with KC entrepreneurs
U.S. House Rep. Kevin Yoder, R-Kansas, told a group of Kansas City entrepreneurs Thursday that he has their interests at heart when he heads back to Washington D.C. in September. Speaking at the Enterprise Center in Johnson County as part of Startup Day Across America, Yoder said that he aims to make sure entrepreneurs in…
Kauffman Foundation: National startup activity (finally) on the rise
National startup activity is on the rise, according to the Ewing Marion Kauffman Foundation. The foundation on Thursday released its most recent report on the state of early-stage business in the U.S., which found that new business creation — based on three equally-weighted factors — rose to an index of 0.38 in 2016. It’s the…
New Kansas City coworking studio draws Gov. Jay Nixon
While still under construction, Kansas City’s soon-to-be largest coworking studio made its public debut with the visit of Missouri Gov. Jay Nixon. A Democrat from De Soto, Mo., Nixon on Tuesday toured North Kansas City-based iWerx, a massive 33,000-square-feet coworking studio that plans to be open for business in September. iWerx also will house a…