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ViaWest Acquires Dataside.
2008-03-31, HostMan.biz Web hosting provider ViaWest, has completed its acquisition of Dallas, Texas based provider of customized data center infrastructure space and managed network services, Dataside. Roy Dimoff, Chairman and CEO, ViaWest noted, ''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. 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.'' 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 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. James deVenny, President and CEO, Dataside remarked, ''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. 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. |
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