(no subject)
The company I work for has just been acquired. Its a pretty good thing as far as I can tell. Insurance should be better, they have a much better 401k plan, and they have the capitol to expand and hire the people we need to keep up with the work load. It appears that I will have a lot more opportunity for advancement.
FOR IMMEDIATE RELEASE
VIAWEST ANNOUNCES ACQUISITION OF DATASIDE
Acquisition Establishes ViaWest as a Leader in the U.S. Data Center Industry with 15 Data Centers in Five States
Denver - Mar. 18, 2008 - ViaWest, a leading provider of adaptable colocation and managed hosting solutions, today announced it acquired Dataside, a Dallas, Texas based provider of customized data center infrastructure space and managed network services.
The acquisition of Dataside expands ViaWest’s market presence to include data centers in Colorado, Utah, Oregon, Texas and Nevada. The increased ViaWest footprint includes four enterprise-class facilities in the Dallas area, with additional data centers in Austin and Plano, as well as Las Vegas, Nevada. With the Dataside acquisition, ViaWest’s annualized revenue will exceed $100 million by the fourth quarter of 2008.
“ViaWest has become a market leader in Colorado, Utah and Oregon by providing a wide range of mid-sized businesses with unparalleled support in addition to network, facility and solution sets that are second-to-none,” said Roy Dimoff, Chairman and CEO, ViaWest. “Likewise, Dataside has built a tremendous reputation servicing mid-size and Fortune 1000 companies’ infrastructure space needs. We could not be more enthusiastic with the scale and market opportunities that this acquisition provides.”
ViaWest will introduce additional managed services into the Dataside facilities throughout the course of 2008 and 2009. Furthermore, ViaWest plans to immediately invest in the expansion of the existing facilities in Austin, Dallas, and Las Vegas in order to support the increasing demand for data center space.
“ViaWest and Dataside is a perfect marriage as both companies have similar success stories and a well- earned reputation for the highest quality of customer service,” said James deVenny, President and CEO, Dataside. “We are very proud of what we created at Dataside, and we are extremely excited about the opportunities that the combined companies present.”
In support of the transaction, Goldman Sachs and Wells Fargo Foothill provided debt financing and Goldman Sachs, Quilvest and ViaWest's existing investor group, led by Cowen Capital Partners, provided additional equity capital.
About ViaWest: Headquartered in Denver, ViaWest provides a unique set of colocation, managed hosting solutions and comprehensive services to mid-sized businesses. The super-regional service provider maintains enterprise-class data centers in Colorado, Utah, Oregon, Texas and Nevada, and offers broad and deep expertise to furnish its customers with leading technology infrastructure solutions and the critical resources to support their unique business needs. ViaWest currently serves thousands of customers nationwide including Frontier Airlines, the Denver Broncos, Exclusive Resorts and Chipotle. The company was named One of the Top Private Companies in Colorado and One of Colorado’s Top 10 Mid-Size Companies to Work For. For more information, visit www.ViaWest.com or call 1-877-448-9378.