Hosted Solutions is expanding its facilities and workforce, acquiring a former competitor in the Triangle web hosting and network services market.
Hosted Solutions — the new name for Springboard Managed Hosting — has purchased the North Raleigh data center built by Redundant Networks. The Nevada-based firm built two centers, one in its home state and the other in Raleigh.
Hosted Solutions said it also was acquiring Redundant’s customer base. Financial terms were not disclosed.
Redundant announced it was scaling back operations in February. The company’s Raleigh facility had been built by another web hosting and services firm, Relera, which closed down.
Hosted Solutions, which now operates three data centers in North Carolina, also said it plans to expand its workforce by “at least” 10 employees.
Rich Lee and Chris Hanks, the co-founders of Hosted Solutions, launched the company three years ago by acquiring a data center in Cary. The firm later acquired another facility in Charlotte.
“This acquisition clearly gives us the largest footprint in the Carolinas, and meets all of our criteria for what we feel is needed to be a successful operator in our space. We acquired a facility rich in technology assets at an attractive entry price that we feel we can really leverage,” Lee said in a statement.
The 14,0000 square foot Redundant facility includes 12,000 square feet of cages and rack space for servers.
“While most of our competitors took a build it and they will come approach, we have taken a buy it as growth dictates approach,” Hanks said in the statement. “We now profitably operate three of the most advanced data centers in the Carolinas, and we believe in proven results.”
Lee told The News & Observer that the company paid in “high six figures” for the Redundant operation.
Hosted Solutions: www.hostedsolutions.com