Sphere 3D Corp. (NASDAQ:ANY) reported that Unified ConneXions, Inc. and HVE ConneXions, LLC will join the company’s family of firms. The company has finalized a definitive deal to buy HVE ConneXions, a hybrid cloud technology firm focused on hyperconverged and converged infrastructure, beside with its sister entity, Unified ConneXions, Inc., which offers professional, expert and IT services to government, educational institutions and corporate.
By adding UCX’s leading products, technologies, engineering talent and professional services, Sphere 3D will develop its virtualization practice and enhance its ability to fasten the delivery of hybrid cloud offerings to client. The acquisition is dependent on the customary closing conditions and is expected to close before January 31, 2017.
The details
The combined virtualization revenue of UCX and represented more than $7 million for 2016. With this deal expected to be accretive in 1Q2017, it will help company get faster to profitability. It will also expand virtualization market footprint in healthcare, education and other major verticals. The deal is expected to bring considerable engineering talent to assist customers and channel partners through advanced support capabilities and professional services.
UCX and Sphere 3D share the architectural design concept that next-gen virtualization and storage offerings require distributed workloads to get the fastest performance while upholding cost-effective and flexible scalability. In addition, both firms share a common objective that a combination of virtual desktops and container themed application delivery is vital to address the increasing need for virtual workspace environments.
UCX is grounded in the metropolitan area of Dallas and maintains 3 facilities comprising an integration center in Plano. It comprises a network operation center, a data center, and a services and sales office based in Waxahachie, TX. The UCX engineers boost customers’ IT measures by offering architectural, operational, implementation and strategic planning pertaining to the clients’ entire IT and network infrastructure. Additionally, each next-gen application that the UCX engineers and implements, they also offer proactive monitoring services for appliances under maintenance service deals.
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