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
Five lessons from investing $5 million into 50 startups in five years
Editor’s note: The perspectives expressed in this commentary are the author’s alone. Scott Henderson is managing principal for Nebraska-based NMotion, general partner for gener8tor Great Plains Fund, and a board member for Startland, the parent organization of Startland News. This piece was originally published by Silicon Prairie News. Seems just like yesterday I was returning…
‘Belonging is not a luxury’: KC Chamber winner links DEIB commitment to hope, dignity
Diversity, equity, inclusion and belonging aren’t just words in reStart Inc.’s strategic plan, CEO Stephanie Boyer said, noting they are the foundation of how the nonprofit’s leaders show up, serve, and lead. “We believe that belonging is not a luxury,” she continued. “It’s a right, and it’s a right that we’re committed to protecting and…
‘What’s stopping me?’ Bonk takes a loud swing with Crossroads streetwear store, Midwest grit
It began with Mason Barry’s search for the perfect black and white checkered sweatsuit. When nothing fit his expectations for design or quality, the Kansas City creative launched his own streetwear brand — featuring bold apparel that already is gaining a foothold in trendy fashion hubs from Brooklyn to Portland. Bonk Supply — a brand…
‘Stablecoin summer’: Crypto community greets GENIUS Act with optimism, caution
Editor’s note: This story was originally published by Missouri Business Alert, a member of the Kansas City Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and The Kansas City Beacon. Click here to read the original story. A new federal cryptocurrency law has sparked a range of reactions across Missouri,…