Anexio Acquires Net Data Centers Assets; Embraces Media & Entertainment Vertical
Anexio has acquired Net Data Centers’ assets, which focus heavily on Los Angeles-based cloud and data center solutions. The deal is immediately accretive and cash flow positive for Anexio’s bottom line. Financial terms were not disclosed.
Net Data Centers delivers tailored, enterprise-grade cloud and data center solutions for businesses around the world, the company says.
Anexio, which positions itself as a leading “Desktop to Data Center” infrastructure-as-a-service company, has made five acquisitions over the past four years. The company recently landed on the Inc. 500 list of America’s fastest-growing privately held companies. Anexio’s compound annual growth rate over the last three years is 127 percent and revenues hit $14.2 million in 2016. We don’t know how much of that growth was organic vs. M&A.
The asset acquisition increases Anexio’s customer base to almost 200 organizations; adds 3 megawatts of critical data center power capacity to the company’s arsenal; broadens the company’s market reach by adding two Los Angeles facilities; strengthens the company’s LightSpeed network density by integrating over 100 additional interconnections; and adds customers in the Media & Entertainment industry, Anexio said.
Anexio President and CEO Tony Pompliano offered a rather warm and humorous statement to Net Data Centers’ customers, partners and customers. His statement:
“Hello, Los Angeles! On behalf of every ANEXIO employee, we say welcome aboard to all Net Data Centers customers, partners and employees. The first thing you need to know about ANEXIO is that we live to serve our customers. Customer satisfaction fuels everything we do. You have my promise that we will do everything possible to make your transition from Net Data Centers to ANEXIO very simple and very smooth.”
This is the latest in a growing list of M&A deals involving companies on this year’s Inc. 5000 list. Another example involves CGI acquiring Inc. 5000 member Summa Technologies, a $35 million IT consulting firm in Pittsburgh, Pa.