Fusion Acquires RootAxcess
Fusion, one of the leading providers of cloud services, has announced the acquisition to Chicago based RootAxcess. RootAxcess has a broad range of services, including Infrastructure-as-a-Service (also known as Iaas), cloud hosting, virtual data center, and utilizes private and hybrid cloud infrastructure. The deal was closed on September 30th 2015; RootAxcess is expected to be fully integrated by the end of the first quarter in 2016. According to reports, the acquisition Accelerates Fusion’s expansion in the cloud computing segment of its business with significant cross-selling and upselling opportunities into its’s existing customer base of approximately 11,000 businesses, strengthens Fusion’s position in the IaaS market, and adds a business customer base with an average monthly revenue per customer estimated at $2,900.
Matthew Rosen, Fusion’s Chief Executive Officer, has commented, “We are delighted to announce the acquisition of RootAxcess. With Fusion’s current suite of cloud computing solutions designed for large enterprise customers, the acquisition of RootAxcess provides us with a complementary set of cloud computing solutions for a broader range of businesses. We intend to integrate, enhance and expand RootAxcess’ regional infrastructure with Fusion’s advanced cloud platform and fully diverse and redundant nationwide network to support our growth strategy in the cloud. We believe that the integration of RootAxcess with Fusion’s extensive customer relationships, expertise in key industry verticals, and nationwide infrastructure will further differentiate Fusion as the single source for the cloud for businesses of any size. We anticipate significant upsale of the integrated solution to our existing base of 11,000 business customers. As we have stated, a key near-term objective for Fusion is to gain scale through acquisitions, complemented by organic growth. This transaction represents an important step toward this objective as it significantly enhances Fusion’s ability to deliver robust, industry-leading cloud computing solutions to our existing customers and accelerates the expansion of the cloud computing segment of our business.”
“As a leading cloud services provider with an end-to-end product suite, nationwide next-generation cloud network, and a strong customer-focused culture, Fusion is the ideal partner to take the RootAxcess portfolio to the next level,” said Eric Wince, RootAxcess’ Chief Executive Officer. “Fusion’s management shares our vision of the transformational benefits of the cloud, and we expect this transaction to be highly beneficial to our valued customers who can continue to rely on robust, secure cloud computing solutions for their most mission-critical needs.”