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
Olathe brothers opening vintage clothing storefront; next-generation founder eyes serial entrepreneurship
A pair of brothers are rolling open the garage door on their first brick-and-mortar venture this weekend, turning a curated online source for vintage clothing into a physical storefront in Kansas City’s Westside neighborhood. Thomas and Reade Rex are set to host The Rex Catalog’s grand opening 11 a.m. to 6 p.m. on Saturday, Oct.…
Why Bay Area investors are shifting their gaze from tech to on-the-ground ag innovations
Agriculture innovation is at a capital-fueled crossroads, said Josh Svaty, describing a growing appetite from well-funded West Coast investors who are hungry for high-yield Midwest solutions. Climate change — and the challenges it poses across industries — is seeding much of that interest, explained the Kansas farmer, former politician, and investor; speaking to Startland News before…
Foresight announces $100K investment for its AI-fueled fintech fraud solution for banks
Fresh off completing the Tulsa Techstars Accelerator and NXSTAGE fintech competition in Wichita, a busy Kansas City startup just announced a $100,000 investment from Northwestern Mutual. Foresight — an artificial intelligence platform from serial entrepreneur and investor Jannae Gammage — earned a spot in Northwestern Mutual’s Black Founder Accelerator program alongside four other Black-owned tech…
Innovation center, investor hub set to open this month on Liberty campus, thanks to family’s gift
LIBERTY, Missouri — A significant financial gift to William Jewell College from a family of alumni is expected to fund a new innovation center opening on campus this month. The space is expected to serve as an investor hub and flexible workspace for Kansas City entrepreneurs. The Mathes Innovation Center — made possible by the…