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
Porter House KC receives $175K from JPMorgan Chase Foundation to support inclusive entrepreneurship
An investment by the JPMorgan Chase Foundation will help The Porter House KC fill a void in entrepreneur support programming in Kansas City, said Dan Smith. “Our goal is always to find a solution to the problem. We felt there was a gap. There was a whole population of people being missed. People who come…
Boddle raises $1.35M with KCRise Fund on board, reaches 450,000+ students, expands team
Editor’s note: KCRise Fund is a financial supporter of Startland News. This report was produced independently of that relationship. TULSA — As schools across the country navigate in-person and remote learning models, Boddle Learning, a math gaming platform that was founded in Kansas City continues to grow, raising another round of more than $1 million…
KC social entrepreneur Wesley Hamilton surprised with $1M on Good Morning America
Wesley Hamilton experienced a roller coaster of emotions Wednesday morning, with a grand finale surprise of a $1 million donation from the Craig H. Neilsen Foundation. “Thank you, everyone, for believing and watching the journey. It’s always been about the people we’ve been serving. I’m just grateful,” Hamilton said through joyful tears on Good Morning…
Bardavon announces $90M funding round to fuel health tech expansion; a moment built by people in KC, founder says
A $90 million Series C funding round for Bardavon Health Innovations is not only big deal for the startup and Kansas City — but a testament to a community of support that made the health tech company’s growth and expansion possible, said Matt Condon. Led by investor Matrix Capital Management, a public and private investment firm,…