Virtual servers and application hosting provider Summit, backed by private equity firm Silver Oak Service Partners, has acquired Deft, a data center and managed cloud services provider. The financial details of the deal were not disclosed.
This is technology M&A deal number 53 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
Summit, founded in 2006, is based in Alpharetta, Georgia. The company has 46 employees listed on LinkedIn. Summits areas of expertise include web hosting, Sage hosting, QuickBooks hosting, application management, RDS routing, cloud services, international business, technical support, customer service, cloud hosting, cloud management, cybersecurity, VDI, DaaS, PaaS, and colocation.
Deft, founded in 1999, is based in Elk Grove Village, Illinois. The company has 126 employees listed on LinkedIn. Defts areas of expertise include colocation, hybrid cloud, private cloud, managed data center services, IT infrastructure, IaaS, network connectivity, data center, backup, disaster recovery, VMware, and managed services.
The acquisition aims to combine the strengths of both companies to enhance their offerings in cloud hosting, data center, and network services.
The deal is described as a strategic alignment of two companies aiming to better serve their customers as IT infrastructure needs evolve.
Warren Patterson, CEO, Summit, commented:
"Together, Summit and Deft share a unified vision for the future of IT services a future where innovation, security, and customer-centric solutions lead the way.
As part of the acquisition, Deft's co-founders and principals, Jordan Lowe, Daniel Brosk, and Eric Dynowski, will join Summit's leadership team and retain an ownership stake in the company.
"There's no hidden agenda to change how Deft operates, said Lowe, now a member of Summits Board of Directors, commenting on the transition.
This acquisition is part of a series of strategic moves by Summit, including the previous acquisitions of Handy Networks and Tech Commandos, indicating a pattern of growth supported by investments from Silver Oak Service Partners, LLC.
Silver Oak is a private equity firm with a history of investments in the business, healthcare, and consumer services sectors, aiming to facilitate growth and development in these areas.
Read this article:
Summit Acquires Deft to Expand Cloud and Data Center Offerings - Channel E2E
- Setting up a Virtual Server on Ninefold - Video [Last Updated On: February 26th, 2012] [Originally Added On: February 26th, 2012]
- ScaleXtreme Automates Cloud-Based Patch Management For Virtual, Physical Servers [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- Secure Cloud Computing Software manages IT resources. [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- Dell unveils new servers, says not a PC company [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- Wyse to Launch Client Infrastructure Management Software as a Service, Enabling Simple and Secure Management of Any ... [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- As the App Culture Builds, Dell Accelerates its Shift to Services with New Line of Servers, Flash Capabilities [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- Terraria - Cloud In A Ballon - Video [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- Ethernet Alliance Interoperability Demo Showcases High-Speed Cloud Connections [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- RSA and Zscaler Teaming Up to Deliver Trusted Access for Cloud Computing [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- [NEC Report from MWC2012] NEC-Cloud-Marketplace - Video [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- IBM SmartCloud Virtualized Server Recovery - Video [Last Updated On: February 28th, 2012] [Originally Added On: February 28th, 2012]
- BeyondTrust Launches PowerBroker Servers Windows Edition [Last Updated On: February 29th, 2012] [Originally Added On: February 29th, 2012]
- Ericsson joins OpenStack cloud infrastructure community [Last Updated On: February 29th, 2012] [Originally Added On: February 29th, 2012]
- ScaleXtreme Cloud-Based Patch Management Open for New Customers [Last Updated On: March 1st, 2012] [Originally Added On: March 1st, 2012]
- RootAxcess - Getting Started - Video [Last Updated On: March 1st, 2012] [Originally Added On: March 1st, 2012]
- How to Create a Terraria Server 1.1.2 (All Links Provided) - Video [Last Updated On: March 1st, 2012] [Originally Added On: March 1st, 2012]
- Dell #1 in Hyperscale Servers (Steve Cumings) - Video [Last Updated On: March 1st, 2012] [Originally Added On: March 1st, 2012]
- Managing SAP on Power Systems with Cloud technologies delivers superior IT economics - Video [Last Updated On: March 1st, 2012] [Originally Added On: March 1st, 2012]
- AMD Acquires Cloud Server Maker SeaMicro for $334M USD [Last Updated On: March 3rd, 2012] [Originally Added On: March 3rd, 2012]
- Web Host 1&1 Provides More Flexibility with Dynamic Cloud Server [Last Updated On: March 3rd, 2012] [Originally Added On: March 3rd, 2012]
- Leap Day brings down Microsoft's Azure cloud service [Last Updated On: March 3rd, 2012] [Originally Added On: March 3rd, 2012]
- RightMobileApps White Label Program - Video [Last Updated On: March 3rd, 2012] [Originally Added On: March 3rd, 2012]
- bzst server ban #2 - Video [Last Updated On: March 3rd, 2012] [Originally Added On: March 3rd, 2012]
- “Cloud storage served from an array would cost $2 a gigabyte” [Last Updated On: March 6th, 2012] [Originally Added On: March 6th, 2012]
- More Flexibility with the 1&1 Dynamic Cloud Server [Last Updated On: March 6th, 2012] [Originally Added On: March 6th, 2012]
- Hub’s future jobs may be in cloud [Last Updated On: March 6th, 2012] [Originally Added On: March 6th, 2012]
- Cloud computing growing jobs, says Microsoft [Last Updated On: March 6th, 2012] [Originally Added On: March 6th, 2012]
- TurnKey Internet Launches WebMatrix, a New Application in Partnership with Microsoft [Last Updated On: March 6th, 2012] [Originally Added On: March 6th, 2012]
- Cebit 2012: SAP Cloud Computing Strategy - Introduction - Video [Last Updated On: March 6th, 2012] [Originally Added On: March 6th, 2012]
- Dome9 Security Launches Industry's First Free Cloud Security for Unlimited Number of Servers [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- Servers Are Refreshed With Intel's New E5 Chips [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- Samsung's AllShare Play pushes pictures from phone to cloud and TV [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- Google drops the price of Cloud Storage service [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- New Intel Server Technology: Powering the Cloud to Handle 15 Billion Connected Devices [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- Swisscom IT Services Launches Cloud Storage Services Powered by CTERA Networks [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- KineticD Releases Suite of Cloud Backup Offerings for SMBs [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- First Look: Samsung Allshare Play - Video [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- Bill The Server Guy Introduces the New Intel XEON e5-2600 (Romley) Server CPU's - Video [Last Updated On: March 7th, 2012] [Originally Added On: March 7th, 2012]
- New Cisco servers have Intel Xeon E5 inside [Last Updated On: March 8th, 2012] [Originally Added On: March 8th, 2012]
- Cisco rolls out UCS servers with Intel Xeon E5 chips [Last Updated On: March 8th, 2012] [Originally Added On: March 8th, 2012]
- From scooters to servers: The best of Launch, Day One [Last Updated On: March 8th, 2012] [Originally Added On: March 8th, 2012]
- Computer Basics: What is the Cloud? - Video [Last Updated On: March 9th, 2012] [Originally Added On: March 9th, 2012]
- Could the digital 'cloud' crash? [Last Updated On: March 10th, 2012] [Originally Added On: March 10th, 2012]
- Dome9 Security Launches Free Cloud Security For Unlimited Number Of Servers [Last Updated On: March 10th, 2012] [Originally Added On: March 10th, 2012]
- Cloud computing 'made in Germany' stirs debate at CeBIT [Last Updated On: March 11th, 2012] [Originally Added On: March 11th, 2012]
- New Key Technology Simplifies Data Encryption in the Cloud [Last Updated On: March 11th, 2012] [Originally Added On: March 11th, 2012]
- Can a private cloud drive energy efficiency in datacentres? [Last Updated On: March 12th, 2012] [Originally Added On: March 12th, 2012]
- Porticor's new key technology simplifies data encryption in the cloud [Last Updated On: March 12th, 2012] [Originally Added On: March 12th, 2012]
- Borders + Gratehouse Adds Three New Clients in Cloud Sector [Last Updated On: March 12th, 2012] [Originally Added On: March 12th, 2012]
- Dell to invest $700 mn in R&D, unveils 12G servers [Last Updated On: March 13th, 2012] [Originally Added On: March 13th, 2012]
- Defiant Kaleidescape To Keep Shipping Movie Servers [Last Updated On: March 13th, 2012] [Originally Added On: March 13th, 2012]
- Data Centre Transformation Master Class 3: Cloud Architecture - Video [Last Updated On: March 13th, 2012] [Originally Added On: March 13th, 2012]
- DotNetNuke Tutorial - Great hosting tool - PowerDNN Control Suite - part 1/3 - Video #310 - Video [Last Updated On: March 13th, 2012] [Originally Added On: March 13th, 2012]
- Cloud Computing - 28/02/12 - Video [Last Updated On: March 13th, 2012] [Originally Added On: March 13th, 2012]
- SYS-CON.tv @ 9th Cloud Expo | Nand Mulchandani, CEO and Co-Founder of ScaleXtreme - Video [Last Updated On: March 13th, 2012] [Originally Added On: March 13th, 2012]
- Oni Launches New Cloud Services for Enterprises Using CA Technologies Cloud Platform [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- SmartStyle Advanced Technology - Video [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- SmartStyle Infrastructure - Video [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- The Hidden Risk of a Meltdown in the Cloud [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- FireHost Launches Secure Cloud Data Center in Phoenix, Arizona [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- Panda Security Launches New Channel Partner Recruitment Campaign: "Security to the Power of the Cloud" [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- NetSTAR, Inc. Announces Safe and Secure Web Browsers for iPhones, iPads, and Android Devices [Last Updated On: March 14th, 2012] [Originally Added On: March 14th, 2012]
- Amazon Cloud Powered by 'Almost 500,000 Servers' [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- NetSTAR Announces Secure Web Browsers For iPhones, iPads, And Android Devices [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- Be Prepared For When the Cloud Really Fails [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- Dr. Cloud explains dinCloud's hosted virtual server solution - Video [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- New estimate pegs Amazon's cloud at nearly half a million servers [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- Amazon’s Web Services Uses 450K Servers [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- Saving File On Internet - Cloud Computing - Video [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- DotNetNuke Tutorial - Great hosting tool - PowerDNN Control Suite - part 2/3 - Video #311 - Video [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- Linux servers keep growing, Windows & Unix keep shrinking [Last Updated On: March 15th, 2012] [Originally Added On: March 15th, 2012]
- Cloud Desktop from Compute Blocks - Video [Last Updated On: March 16th, 2012] [Originally Added On: March 16th, 2012]
- Amazon EC2 cloud is made up of almost half-a-million Linux servers [Last Updated On: March 17th, 2012] [Originally Added On: March 17th, 2012]
- HP trots out new line of “self-sufficient” servers [Last Updated On: March 17th, 2012] [Originally Added On: March 17th, 2012]
- Cloud Web Hosting Reviews - Australian Cloud Hosting Providers - Video [Last Updated On: March 17th, 2012] [Originally Added On: March 17th, 2012]
- Using Porticor to protect data in a snapshot scenario in AWS - Video [Last Updated On: March 17th, 2012] [Originally Added On: March 17th, 2012]
- CDW - Charles Barkley - New Office - Video [Last Updated On: March 17th, 2012] [Originally Added On: March 17th, 2012]
- Nearly a Half Million Servers May Power Amazon Cloud [Last Updated On: March 17th, 2012] [Originally Added On: March 17th, 2012]
- Morphlabs CEO Winston Damarillo talks about their mCloud Rack - Video [Last Updated On: March 20th, 2012] [Originally Added On: March 20th, 2012]
- AMD reaches for the cloud with new server chips [Last Updated On: March 20th, 2012] [Originally Added On: March 20th, 2012]