Venture Technologies, a Ridgeland, Mississippi-based IT solutions provider delivering premise infrastructure solutions, collaboration solutions, cloud and business applications to commercial and public sector organizations throughout the United States and abroad, acquired NetSource Communications, Inc., a custom cloud hosting solution provider offering colocation, dedicated hosting, cloud services, and fully managed hosting services and data recovery for organizations in the Chicago area and across the country.
The amount of the deal was not disclosed.
The acquisition is supported by FlatWorld Capital, a New York-based private equity group that specializes in funding and advising middle-market companies.
Founded in 1986, Venture Technologies is an IT Solutions Provider that delivers Premise Infrastructure Solutions, Collaboration Solutions, Cloud Services and Business Application Solutions to both private and public sector organizations. The company operates locations in Alabama, Colorado, Illinois, Louisiana, Mississippi, Tennessee, Wisconsin and Wyoming. Venture also owns and operates certified Data Centers (VTCloud®) in Jackson, Mississippi, Englewood, Colorado, and Casper, Wyoming from which it produces a comprehensive suite of cloud services to thousands of domestic and international customers.
Based in Naperville, Illinois, NetSource Communications provides a range of Internet hosting services to over 600 small and medium-sized businesses from its state-of-the-art data center.