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
KC’s housing market makes young professionals’ first homes more elusive; here’s how four of them are making it work
As newcomers to Kansas City in 2019, Ria Rao and Morgan Bannerman found community co-living with other young professionals under the same roof. Now they’re hoping to replicate that environment — this time as homeowners. The move comes in large part out of necessity. Amid a highly competitive housing market, locating an on-budget home — and…
Meet 10 finalists for AltCap Your Biz pitch payout; competition returns during GEW KC
A diverse group of nearly a dozen small businesses are advancing to the next round of the annual AltCap Your Biz: Pitch Competition with finalists ranging from a mobile vegan soul food service to a Northland selfie experience. The “Closing the Deal” live pitch event showcases the 10 best concepts from a pool of 43…
Just funded: Sharks, crowd salute veteran-led tech newcomer with $32K in Pure Pitch Rally checks
A fresh face to the startup stage, Zachary Oshinbanjo left Monday’s Pure Pitch Rally with the most-funded venture of the event — taking home more than a third of the day’s nearly $90,000 in cash prizes. A U.S. Army veteran, Oshinbanjo pitched “land sharks” on Vetelligence — a tech platform that aims to create a…
Flyover Capital adds managing partner with fresh perspective on KC, tech investment expertise
A month after announcing its more than $60 million Tech Fund II, Flyover Capital is adding to its leadership team — appointing Tristan Mace, a serial tech entrepreneur and investor, as a managing partner at the Overland Park-based venture capital firm. “I’m excited to join Flyover Capital as we build on our success of contributing…