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
Gallery: Royals fans celebrate World Series victory
An estimated 800,000 Royals fans flooded downtown Kansas City Tuesday after their team won its first World Series in 30 years. Here are a few photos of the celebration. Enjoy!
7 endearing facts about the founder of H&R Block
Update: Henry Bloch passed away April 23, 2019. Click here to read business leaders’ salutes to the Kansas City icon. Henry Bloch, the co-founder and former CEO of tax prep giant H&R Block, recently spoke with a small group of Kansas City entrepreneurs during Startup Grind. The 93-year-old Kansas City legend shared an array of…
Events Preview: SEMPO Cities, IoT Launch
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 SEMPO Cities Kansas City When: October 29 @ 12:00 pm – 7:00 pm Where: Sprint Accelerator We’re excited to announce that…
High-profile judges for Kauffman contest includes Marcelo Claure, VCs
A star-studded lineup of businesspeople from around the nation will be judging 15 startups in the Kauffman Foundation’s One in a Million pitch contest. The competition, which will take place on Nov. 17 and 18 during Global Entrepreneurship Week, will award $10,000 to one startup that previously participated in the foundation’s 1 Million Cups program. Those evaluating…