Fusion Acquires RootAxcess to Expand Cloud Computing Segment
October 6, 2015
Grazed from TheWhir. Author: Nicole Henderson.
Cloud services provider Fusion has acquired the assets of Chicago-based RootAxcess, a provider of IaaS, cloud storage, backup and recovery, and other cloud solutions as part of its near-term objective of growth through acquisitions. RootAxcess is expected to be fully integrated into Fusion by the end of Q1 2016.
According to the Monday announcement, the acquisition will help accelerate Fusion’s expansion in the cloud computing segment of its business, and strengthen its presence in the IaaS market specifically. A recent report by Synergy Research Group found that public cloud now generates more than $20 billion in quarterly revenue for IT companies…
RootAxcess will bring a customer base to Fusion with average monthly revenue per customer of over $2,900, contributing a high-margin revenue stream of approximately $1 million annually. Fusion acquired the customer base, technology platform and infrastructure as well as other assets of RootAxcess…
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