The Acquisition of Hivelocity elevates
the company's service offerings, addressing customer demand with
enhanced automation capabilities
TAMPA,
Fla., April 2, 2024 /PRNewswire/
-- Colohouse, a portfolio company of Valterra
Partners and a leading player in the colocation, cloud,
hosting, and network services sector, has announced the successful
acquisition of Hivelocity, the leading provider of bare metal
hosting. This strategic move combines the portfolio of two
well-established providers with a focus on cloud and bare metal
services to meet growing market demand.
"Our acquisition of Hivelocity is a strategic move to enhance
our capabilities and reinforce our commitment to delivering
top-tier IT infrastructure services," said Jeremy Pease, CEO at Colohouse. "Together,
Colohouse and Hivelocity create a unique, next-generation provider
that places the customer's needs and success at the forefront,
providing them with the connectivity and computing power required
to deploy and manage modern applications and data."
"Our mission at Hivelocity is to create a company with a
singular focus on simplifying hosting with an exceptional customer
experience. We have continuously excelled at our mission, grown our
customer base and kept up with their demands, which led us from a
single rack of servers to operating 40+ world-class data centers on
6 continents," says Mike Architetto,
CEO of Hivelocity. "Combined with Colohouse, Hivelocity can
accelerate its capabilities and continue its legacy of simplifying
IT for its customers."
Key Benefits of Colohouse's acquisition of
Hivelocity:
- Full-service hybrid cloud product offering. The
acquisition bolsters Colohouse's infrastructure and existing
hosting services with Hivelocity's robust bare metal servers,
network automation, and virtual private cloud solutions. Combined,
the company can address the demand for a more comprehensive range
of solutions for applications and data that require more computing
power and connectivity options as customers seek to optimize cost,
performance and security.
- Automation and self-service capabilities across private
infrastructure. As a next-generation service provider, the
combined company will enable rapid deployment and scalability of
private compute and connectivity resources across dozens of
domestic and international locations. This platform enables and
integrates modern capabilities including developer tools, APIs, and
SDN.
- Top tier talent helping customers succeed. The
acquisition is founded on a shared commitment to focus on our
customer's needs and success. The most impactful solutions provide
automation when wanted and expertise when needed. With decades of
experience as a service provider, the combined teams are committed
to exceptional customer service.
As businesses increasingly rely on advanced IT infrastructure to
drive growth, the acquisition of Hivelocity by Colohouse sets the
stage for the most comprehensive and mature suite of hosted
infrastructure paired with expertise, resources, and innovation
capabilities. In addition to integrating existing services, the
combined entities will launch a new private cloud offering in early
Q3 of 2024 which is specifically designed for enterprise
virtualization environments to optimize for workloads with complex
applications, architectures, scalability, and security
requirements.
With the acquisition of Hivelocity, Colohouse has now completed
seven acquisitions since 2021 backed by continued support and
investment from Valterra Partners, LLC ("Valterra Partners"). As
part of the transaction, William
LaPerch will be joining the Board of Directors.
DH Capital, a Division of Citizens, served as financial advisor
and Gunster served as legal advisor to Hivelocity.
Kevin Reed, Managing Director of
Valterra Partners, added, "The combination of Colohouse and
Hivelocity is the result of a multiyear strategy to acquire and
develop a differentiated data center and hybrid cloud provider that
provides a platform of significant scale within a high growth
market. The combined business provides a talented executive team,
completes strategic offerings and expands capacities across a
substantial geographic footprint that will support substantial
growth."
To learn more about Colohouse, please visit
https://colohouse.com/.
About Colohouse
Colohouse provides a digital
foundation that connects our customers with impactful technology
solutions and services. Our managed data center and cloud
infrastructure, paired with key edge locations and reliable
connectivity, allow our customers to confidently scale their
applications and data while optimizing for cost, performance, and
security. To learn more about Colohouse, please
visit: https://colohouse.com/.
About Hivelocity
With over 21 years in business, Hivelocity is a privately held
company that delivers bare metal dedicated servers, VPS
hosting, and colocation solutions. With 40+ international locations
across 6 continents, Hivelocity has the most locations in the
industry. Since 2002, we have built our foundation around a world
class network, 24/7 U.S.- based customer service, and
enterprise-grade security. To learn more about Hivelocity, visit
https://www.hivelocity.net.
About Valterra Partners
Founded in 2015, Valterra Partners is an infrastructure private
equity firm providing capital to US-based, forward-facing
infrastructure businesses. Valterra focuses on companies that
operate adjacent to traditional core infrastructure assets with
similarly defensible demand profiles. Valterra Partners is an
investment adviser registered with the Securities and Exchange
Commission ("SEC"). To learn more about Valterra Partners, visit
https://www.valterrapartners.com/.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/colohouse-strengthens-portfolio-with-acquisition-of-hivelocity-302104880.html
SOURCE Hivelocity