Monday August 25, 2014 0 comments
GREENWOOD VILLAGE - ViaWest and Canada-based Shaw Communications announced an agreement in which Shaw will acquire a 100 percent interest in ViaWest from Oak Hill Capital Partners and other shareholders for $1.2 billion.
Based in Metro Denver, ViaWest is one of the largest privately held providers of data center infrastructure, cloud technology and managed IT solutions in North America.
The company employs more than 350 and services more than 1,300 customers across seven states.
"The ViaWest acquisition provides Shaw a growth platform in the attractive data center sector and is another significant step in expanding our technology offerings for mid-market enterprises in Western Canada, building on the growth from our 2013 Envision acquisition," said Brad Shaw, Shaw CEO.
"We plan to leverage the ViaWest management team's experience to accelerate the development of our Canadian data center platform so that over time our Western Canadian customers will gain access to this industry-leading expertise for their own data management needs and scalable cloud solutions."
ViaWest's current management team, led by co-founder, president and CEO Nancy Phillips, will continue to operate the company from its Denver headquarters as a stand-alone, wholly-owned subsidiary of Shaw, building on its record of profitable growth.
"This is an excellent strategic development for ViaWest, our employees and our customers," Phillips said. "With Shaw's long-term commitment, we will have the stability and shared entrepreneurial culture to enter into a new phase of growth and meet the expanding technology needs of mid-market enterprises while maintaining our commitment to exceptional customer service."
The acquisition is expected to close in September.