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
WATCH NOW: Kansas City Community Builders to Watch
Join Startland News for a celebratory broadcast that showcases the work of six local leaders with exceptional stories of community impact. This mid-day broadcast — streaming at 11:30 a.m. as part of Global Entrepreneurship Week (GEW) — features a musical performance by Golden Groves. This edition of Startland News Reports is presented in partnership with Fishtech Group.…
Demo day alert: 13 new Comeback KC Ventures fellows set for debut on GEW KC stage
The first crop of Comeback KC Ventures fellows — entrepreneurs offering solutions from healthtech and edtech products to sports evaluations and an animation academy emerging in response to COVID-19 — is expected to highlight more than a dozen companies Thursday during a GEW KC innovation showcase. “The demo day will allow early participants in the…
How Finotta emerged from 2020’s perils with a leap of faith, $3M investment banked
The through line of Parker Graham’s startup journey so far: resiliency. “People like to joke that cockroaches just don’t die,” laughed Graham, reflecting after his fintech company, Finotta — more pheonix rising than cockroach surviving — recently closed a $3 million seed funding round and completely changed the makeup of its team. “I feel like…
New in KC: Wichita-grown foodie whips up 4.5M TikTok, Youtube users with passion (and ramen) as her only guides
Editor’s note: New in KC is an ongoing profile series that highlights newly relocated members of the Kansas City startup community, their reasons for a change of scenery, and what they’ve found so far in KC. This series is sponsored by C2FO, a Leawood-based, global financial services company. Click here to read more New in KC profiles. Lisa Nguyen was five…