M&A Deal Summary

keepITsafe Data Solutions Acquires InterCloud Systems - Online Data Backup Business

On February 19, 2016, keepITsafe Data Solutions acquired internet software and services company InterCloud Systems - Online Data Backup Business from InterCloud Systems for 24M USD

Acquisition Highlights
  • This is keepITsafe Data Solutions’ 1st transaction in the Internet Software and Services sector.
  • This is keepITsafe Data Solutions’ largest (disclosed) transaction.
  • This is keepITsafe Data Solutions’ 1st transaction in the United States.
  • This is keepITsafe Data Solutions’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2016-02-19
Target InterCloud Systems - Online Data Backup Business
Sector Internet Software and Services
Buyer(s) keepITsafe Data Solutions
Sellers(s) InterCloud Systems
Deal Type Divestiture
Deal Value 24M USD

Target

InterCloud Systems - Online Data Backup Business

Shrewsbury, New Jersey, United States
InterCloud Systems, Inc. - Online Data Backup Business is a provider of cloud based data solutions.

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Buyer(S) 1

Buyer

keepITsafe Data Solutions

Santry, Ireland
Category Company
Founded 2003
Sector Information Technology
DESCRIPTION

keepITsafe Data Solutions Ltd. is a powerhouse in online data backup and Disaster Recovery (DR). keepITsafe is monitored online backup service, while continuing to expand the possibilities of online backup, and educate business owners on the risks of data loss.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

InterCloud Systems

Boca Raton, New Jersey, United States
Category Company
Sector Internet Software and Services
Employees241
Revenue 35M USD (2017)
DESCRIPTION

InterCloud Systems is a provider of value-added services for both corporate enterprises and service providers. The company offers cloud and managed services, professional consulting services and voice, data and optical solutions to assist its customers in meeting their changing technology demands.

DEAL STATS #
Overall 1 of 4
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 1 of 4
State (New Jersey) 1 of 1
Country (United States) 1 of 4
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-10 VaultLogix

Danvers, Massachusetts, United States

VaultLogix LLC is a provider of business-class online data backup to small, medium and large businesses as well as federal, state and local governments and governmental agencies. VaultLogix was founded in 2003 and is based in Danvers, Massachusetts.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 VaultLogix

Danvers, Massachusetts, United States

VaultLogix LLC is a provider of business-class online data backup to small, medium and large businesses as well as federal, state and local governments and governmental agencies. VaultLogix was founded in 2003 and is based in Danvers, Massachusetts.

Sell -
Mergr

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