Hostway and HOSTING Merge, Creating One of the Largest Global Managed Cloud Services Platforms
Combined organization to focus on secure, compliant cloud services for enterprises
Hostway and HOSTING today announced the merger of the two organizations, combining to create one of the largest managed cloud services platforms in the world. Both companies are known for secure, compliant managed hybrid cloud solutions and together will have an unmatched set of products and services with the ability to scale for their clients’ growing needs. The combined organization has 14 world-class data centers in five countries across three continents and will be led by Emil Sayegh as CEO and president. Investors Littlejohn and Pamlico will stay on to equally back the combined entity.
“Both Hostway and HOSTING have always had an uncompromising commitment to customer service and an incredible history of pioneering leading-edge solutions into the market. This merger is a natural progression of the two companies’ focus on providing solutions for CIOs and IT leaders to reduce costs, mitigate risks and increase business agility,” said Sayegh. “Our combined strengths benefit all our customers by delivering even more product sets and the scalability to adapt to clients’ changing needs. We will be in a unique position to help customers every step of the way as they make the journey to hybrid cloud environments while protecting them against ever-emerging threats.”
“Both Pamlico and Littlejohn came together to back this merger because we believe the combination makes for an undisputed leader in IT transformation solutions for mission critical applications, and provides opportunity to dominate the market,” said Michael Kaplan, Managing Director, Littlejohn & Co.
“Collectively the organization is even better positioned to address the top enterprise IT challenges of security, costs, lack of IT resources, governance and multi-cloud complexity. Both Pamlico and Littlejohn are prepared to fully support the company into its next phase of growth,” said Scott Stevens, Partner at Pamlico Capital.
HOSTING and Hostway will continue to operate under two separate brands and operational models for a limited period during the interim integration. The company intends to fully merge all functions and operate under a single brand within the next twelve months.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.