Managed Services, Cloud At Root Of December M&A Deals
Submitted by Michael Novinson and Jimmy Sheridan on
13. HostedBizz
Company acquired: ITUtility.net
Head count: 11-50 employees
Annual revenue: Not disclosed
Purchase price: Not disclosed
Date of announcement: Dec. 1
Canadian Infrastructure-as-a-Service provider HostedBizz bought cloud solution company ITUtility.net to help accelerate the company’s growth.
ITUtility.net brings expertise around Microsoft cloud business applications to the table, including Exchange, SharePoint, Skype for Business and Dynamics. Both HostedBizz and ITUtility.net are based in Ottawa, Ontario.
"We are very pleased with this acquisition," said Paul Butcher, co-founder of HostedBizz, in a statement. "The addition of the ITUtility.net product portfolio is a strategic move that builds on our momentum as Canada's fastest-growing cloud IT provider and provides our customers with a fully integrated and professionally managed service for all of their IT infrastructure needs."
