Enterprise, CSPs, Mergers and Acquisitions

Peak 10 Acquires ViaWest for $1.675 Billion: Five Things to Know

Peak 10 is acquiring ViaWest for $1.675 billion, creating a combined company that specializes in colocation, connectivity, cloud, and managed services. Here are 10 Things to know about the deal.

1. Parent Company: GI Partners, a former investor in ViaWest, acquired Peak 10 in 2014 and will remain the majority shareholder of the combined company, the parties said.

2. Global Footprint: The combined company's operations will span 20 domestic and international markets including Atlanta, Austin, Charlotte, Cincinnati, Dallas, Denver, Ft. Lauderdale, Jacksonville, Las Vegas, Louisville, Minneapolis, Nashville, Phoenix, Portland, Raleigh, Richmond, Salt Lake City, Tampa, Amsterdam, and Calgary, the companies said.

3. Leadership: Peak 10 CEO Chris Downie (pictured above) will be CEO the combined company. ViaWest CEO Nancy Phillips will become the executive chair of the board of the combined company.

4. Customer Base: Peak 10 and ViaWest have a combined 4,400 customers.

5. Key Services: The combination diversifies and enhances the company's capability set, providing customers with broad choices across colocation, connectivity, private and public cloud utilities, as well as advanced managed solutions, the two companies said.

6. Bonus - Key Deadlines: The transaction is anticipated to close in the third quarter of 2017, subject to customary closing conditions, the companies said.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.