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
Raven’s return-to-earth science is complete, founder says; a new space accelerator will help get the KCK-built tech off the ground
A KCK startup that could revolutionize space transportation is among 14 companies selected this week for an accelerator program from Amazon Web Services that focus on “transforming the future of space for all of humanity.” Kansas City-based Raven Space Systems — led by co-founders Ryan Cowdrey and Blake Herren — is building entirely 3D printed reentry…
Tesseract earns $1.25M contract to help Space Force, military ‘predict the future’
Industry-defining tools built by Kansas City’s Tesseract Ventures will help the U.S. Space Force accurately track machines, people and objects on base, and create a clearer understanding of launch conditions through next generation data visualization, said John Boucard. Tesseract announced Tuesday that the company has been awarded a direct-to-Phase II Small Business Innovation (SBIR) contract…
EquipmentShare digs massive $290M round, deepening US footprint, its T3 tech platform
COLUMBIA, Missouri — EquipmentShare, an equipment and digital solutions provider serving the construction industry, announced Wednesday the completion of a $290 million funding round led by a fund focused on family- and founder-led scaling businesses. “Our growth continues to be fueled by new customers who are ready for a technology-driven construction solution,” said Jabbok Schlacks,…
AI Hub builds creative space in River Market, giving artists access to business tech, tools
The Midwest needs more resources to help creatives start their own businesses and keep them thriving, said Taylor Burris and James Spikes, who designed a one-stop art incubator to give artists’ innovation a fresh canvas. The husband-and-wife team opened AI Hub — powered by IRIS Creative Projects Agency and with funding from The Porter House…