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
Kauffman awards $5.3M to DreamSpring to expand microlending to underserved entrepreneurs in KC
A newly announced $5.3 million grant is expected to vastly expand access to small business credit among historically underserved entrepreneurs in Kansas City, said Philip Gaskin, detailing the latest in a series of funding awards this week from the Ewing Marion Kauffman Foundation. DreamSpring, a nationally recognized nonprofit Community Development Financial Institution (CDFI), is set…
WATCH: KCK-raised R&B artist emerges from the ruins of vulnerability to ‘touch people’s souls’
For Alanzo McIntosh Jr., exploring his voice means journeying through the KCK native’s roots, along with themes of self-doubt and self-discovery, and a deep connection to the struggles faced by Black and brown people across the globe — and here at home, he shared. “I wanted to make music that spoke to the soul and spoke…
Loud is in season: How one designer plans to yell their angrily sewn message during KC Fashion Week
Dustin Loveland channeled love — and anger — into a debut spring and summer collection that premieres soon at Kansas City Fashion Week 2023. “I’ve had to deal with a lot of anger from the past couple of years for a variety of reasons,” said Loveland, a non-binary freelance designer and sewer in Kansas City.…
They started their own businesses; now these young founders are widening the pipeline to entrepreneurship for their peers
Aidan Hall felt the support of Kansas City’s entrepreneurial ecosystem when he launched what would become KC Handmade Goods as an eighth grader, he said; years later, the young business owner is working to pay that feeling forward. An Iowa State freshman and Shawnee Mission West graduate, Hall got his start selling duct tape wallets…