Venyu Eyes Expansion After EATEL Acquisition
September 4th, 2013 By: Rich Miller
Louisiana-based data center service provider Venyu has been acquired by regional telco EATEL, the companies said today. Venyu, which operates data centers in Baton Rouge and Shreveport-Bossier, will become a wholly owned subsidiary of EATEL and maintain its headquarters, existing service offerings, staff and senior management team.
The deal is the latest in a series of transactions in which telecom firms have acquired regional data center companies to boost their service offerings for cloud computing or disaster recovery. Terms of the deal were not disclosed.
“The acquisition of Venyu positions EATEL within the rapidly growing cloud-based business services, data center, and hosting markets,” said John Scanlan, President and Vice Chairman at EATEL. “Venyu’s success in the Gulf South coupled with our expanding fiber network and corporate footprint will provide both entities with new growth opportunities.”
Venyu, founded in 1989, has approximately 75 employees and offers managed hosting, cloud, virtualization, and data protection solutions. The acquisition provides new growth opportunities for EATEL, including geographic expansion.
“The EATEL partnership provides Venyu with the additional financial resources needed to capitalize on new growth opportunities and expand our market share beyond our current service area,” said Scott Thompson, Founder and CEO at Venyu.
Venyu says it has been a pioneer in offsite backup and was one of the earliest service providers in the U.S. to leverage virtualization for disaster recovery.