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  6. Otava Acquires NewCloud Networks

M&A Deal Summary

Otava Acquires NewCloud Networks

On August 17, 2021, Otava acquired internet software and services company NewCloud Networks

Acquisition Highlights
  • This is Otava’s 1st transaction in the Internet Software and Services sector.
  • This is Otava’s 1st transaction in the United States.
  • This is Otava’s 1st transaction in Colorado.

M&A Deal Summary
Date 2021-08-17
Target NewCloud Networks
Sector Internet Software and Services
Buyer(s) Otava
Deal Type Add-on Acquisition

Target

NewCloud Networks

Englewood, Colorado, United States
NewCloud Networks is a global cloud services provider specializing in BackupBetter Business Bureau Accredited A Plus, Disaster Recovery, Production Cloud, Hosted PBX, and Security as a Service. NewCloud’s solutions are built using best in breed technology and hosted on our ultra-low latency network in the United States and in Europe. NewCloud Networks was founded in 1988 and is based in Englewood, Colorado.

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Buyer(S) 1

Buyer

Otava

Ann Arbor, Michigan, United States
Category Company
Founded 1994
Sector Internet Software and Services
DESCRIPTION

Otava is a cloud solutions provider on a mission to make hybrid cloud hosting easy for service providers, public sector clients and enterprise organizations. Its portfolio of flexible and compliant solutions includes hybrid private and shared cloud hosting, colocation, data protection, backup and security offerings. Otava was founded in 1994 and is based in Ann Arbor, Michigan.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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