March 30, 2017

Venture Technologies acquires hosting provider Netsource Communications

The acquisition expands Venture Technologies’ cloud footprint to four new data center facilities

Venture Technologies, a premier IT solutions provider, headquartered in Ridgeland, Mississippi, announced that it has acquired Internet hosting services provider, NetSource Communications. The terms of the deal have not been disclosed.

Venture Technologies delivers premise infrastructure solutions, collaboration solutions and cloud & business applications to commercial and public sector organizations throughout the United States and abroad.

NetSource is a cloud hosting solutions provider which specializes in custom hybrid environments. It offers co-location, dedicated hosting, cloud services, and fully managed hosting services and data recovery for organizations in the Chicagoland area and across the country.

Gerard Gibert, CEO, Venture Technologies said:

We are excited about the addition of NetSource to the growing Venture family. With NetSource’s Chicago-area based SSAE16 & SAS70 Type 2, SOC1, SOC2 certified data center, we extend our cloud footprint to four Venture-owned facilities, strategically positioned in diverse U.S. geographies.

This will enhance our portfolio of VTCloud Services with increased flexibility in designing customized cloud solutions to meet the unique critical needs of our expanding client base.

The acquisition is supported by FlatWorld Capital, a New York-based private equity group that specializes in funding and advising middle-market companies.

Craig Neidel, Head of Sales, NetSource Communications, said:

We feel that Venture Technologies will only strengthen NetSource’s enterprise hosting solutions and provide our clients with new geographic diversity options.

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