In a strategic move that promises to redefine the landscape of IT services, Colohouse, a Valterra Partners portfolio company specializing in colocation, cloud services, hosting, and network services, has announced the acquisition of Hivelocity, a leader in the bare metal hosting space. This acquisition marks the union of two industry giants with the aim to meet the growing market demand for cloud and bare metal services, enhancing automation capabilities for clients.
“The acquisition of Hivelocity is a strategic step to expand our capabilities and reaffirm our commitment to delivering top-tier IT infrastructure services,” commented Jeremy Pease, CEO of Colohouse. “Together, Colohouse and Hivelocity become a next-generation provider that prioritizes customer needs and success, offering them the connectivity and computational power necessary to deploy and manage modern applications and data.”
Meanwhile, Mike Architetto, CEO of Hivelocity, stated, “Our mission at Hivelocity has always been to simplify hosting with exceptional customer experience. By joining forces with Colohouse, we can accelerate our capabilities and continue our legacy of simplifying IT for our clients.”
Key Benefits of Hivelocity’s Acquisition by Colohouse:
Hybrid Cloud Product Offering: This acquisition strengthens Colohouse’s infrastructure and existing hosting services with Hivelocity’s robust bare metal servers, network automation, and virtual private cloud solutions. The merged company will be able to meet the demand for more comprehensive solutions for applications and data that require increased computational power and connectivity options.
Automation and Self-Service Capabilities: As a next-generation service provider, the combined company will enable rapid deployment and scalability of private computational and connectivity resources in dozens of national and international locations. This platform enables and integrates modern capabilities, including developer tools, APIs, and SDN.
Top Talent for Customer Success: The acquisition is built on a shared commitment to focus on customer needs and success. With decades of experience as service providers, the combined teams are dedicated to providing exceptional customer service.
The acquisition lays the groundwork for the most comprehensive and mature hosted infrastructure suite, combined with expertise, resources, and innovation capabilities. In addition to integrating existing services, the combined entities will launch a new private cloud offering in early third quarter of 2024, specifically designed for enterprise virtualization environments.
With the acquisition of Hivelocity, Colohouse has completed seven acquisitions since 2021, with continued support and investment from Valterra Partners, LLC. William LaPerch will join the Board of Directors as part of the transaction.
Kevin Reed, Managing Director of Valterra Partners, commented, “The combination of Colohouse and Hivelocity is the result of a multi-year strategy to acquire and develop a differentiated provider of data centers and hybrid cloud. The combined company offers a talented executive team, strategic offerings, and expands capabilities through a substantial geographic footprint that will support substantial growth.”