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M&A Deal Summary

Venture Technologies Acquires NetSource Communications

On March 17, 2017, Venture Technologies acquired internet software and services company NetSource Communications

Acquisition Highlights
  • This is Venture Technologies’ 1st transaction in the Internet Software and Services sector.
  • This is Venture Technologies’ 4th transaction in the United States.
  • This is Venture Technologies’ 2nd transaction in Illinois.

M&A Deal Summary
Date 2017-03-17
Target NetSource Communications
Sector Internet Software and Services
Buyer(s) Venture Technologies
Deal Type Add-on Acquisition
Advisor(s) Woodbridge International (Financial)

Target

NetSource Communications

Naperville, Illinois, United States
NetSource Communications, Inc. is a provider of an Internet hosting services to over 600 small and medium-sized businesses from its state-of-the-art data center. NetSource’s geographic location provides the Company and its clients with access to Chicago’s most reliable power service. This is a significant advantage as most clients depend on NetSource’s Infrastructure as a Service (IaaS) hosting to run their critical business operations, and a growing number are turning to the company to meet their needs for managed services, disaster recovery and security.

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Buyer(S) 1

Buyer

Venture Technologies

Ridgeland, Mississippi, United States
Category Company
Founded 1986
Sector Information Technology
DESCRIPTION

Venture Technologies, Inc. is an IT solutions provider that delivers infrastructure solutions, collaboration solutions, and cloud-based services to both private and public sector organizations. Venture Technologies also owns and operates certified Data Centers (VTCloud) across the United States from which it provides a comprehensive suite of cloud services to thousands of domestic and international customers. Venture Technologies was founded in 1986 and is based in Ridgeland, Mississippi.

DEAL STATS #
Overall 4 of 4
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Illinois M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 WhiteLight Group

Oak Brook, Illinois, United States

WhiteLight Group LLC is a strategy, enterprise architecture, ERP implementation and managed services. They help organizations simplify, standardize, and optimize their ERP business processes in the areas of finance, procurement, manufacturing, capital asset management and supply chain.

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