Data center, internet and IP connectivity and colocation services company Provdotnet, has acquired the U.S.-based cloud operations and infrastructure assets of CloudSigma. Financial terms of the deal were not disclosed.
This is technology M&A deal number 591 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Provdotnet used the acquisition to launch Alpha 3 Cloud Services, which will serve as a Hewlett Packard Enterprise (HPE) partner.
Hybrid Cloud Services M&A: About the Businesses
Provdotnet, founded in 2009, is based in Providence, Rhode Island. The company has eight employees listed on LinkedIn. Provdotnet’s areas of expertise include Specialized Data Centers, Colocation, Disaster Recovery, Hybrid Cloud Data Centers, IoT, and more.
CloudSigma, founded in 2009, is based in Zug, Switzerland. The company has 41 employees listed on LinkedIn. CloudSigma’s areas of expertise include infrastructure-as-a-service, cloud hosting, cloud servers, cloud computing, IaaS, public cloud, disaster recovery-as-a-service, network-as-a-service, hybrid cloud, CaaS, PaaS, Platform-as-a-Service, and Containers.
Following the deal, Alpha 3 Cloud will join the HPE Partner Ready Service Provider (PRSP) program as a confidential computing infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) cloud provider, the company said. The company’s as-a-service offerings are designed to complement on-premises HPE hardware, according to the company.
Hybrid Cloud Services M&A: Executive Perspectives
Xavier Poisson Gouyou Beauchamps, vice president, service providers and Cloud28+, HPE, commented:
"With the intense focus on data privacy and security, how an organization addresses the many challenges of security, high performance and compliance – on-premises, in the cloud and at the edge – has become critical to their success. Alpha 3 Cloud® is an asset to the HPE PRSP program bringing comprehensive Confidential Computing solutions and industry leading Secure Enclave Cloud Services to the ecosystem of offerings for customers."
Ron Sacks, CEO, Alpha 3 Cloud, said:
"Customers can now leverage the economics of the cloud for applications and workloads that contain highly sensitive data. Up until now customers could protect their data at rest and data in-motion, but not their data in-use. Nor could they share data outside their organization to accelerate the value of Machine Learning/Artificial Intelligence and Federated Learning. They can now. We look forward to partnering with customers to provide them with cloud-based Confidential Computing solutions that will protect their most sensitive data."
