Peak 10 Closes ViaWest Merger As Newly-Combined Company 'Doubles Down' On The Channel
Cloud service provider Peak 10 closed its $1.67 billion acquisition of fellow cloud provider ViaWest on Wednesday, ahead of schedule.
The new company is being called Peak 10 + ViaWest. Combined, the two providers have formed a national IT provider which offers colocation, interconnection, cloud, managed solutions and professional services to more than 4,200 businesses customers.
Peak 10 first announced its acquisition plans in June and said that the deal would likely close during Q3 2017.
"We were really excited to see how quickly the deal came together after the announcement was made. It’s a testament to the leadership teams there and how well the companies mesh together," said Andrew Pryfogle, senior vice president of cloud transformation for master agent Intelisys, a Peak 10 and ViaWest partner.
The merger makes sense, given the complementary strategies that Peak 10 and ViaWest have, Pryfogle said. Both providers have also demonstrated a strong commitment to the channel, and are continuing to "double down" on partners post-merger.
"You don’t always see that with mergers," he said. "Too often, there are winners and losers after a merger, and the channel tries to sort out who is going to win, but I've been really impressed with the outlook and focus from both companies."
Peak 10's CEO Chris Downie said in a statement that the company has been "thrilled" by the response it's received from customers and partners since announcing the acquisition less than two months ago.
"We look forward to taking the next step in the evolution of this company as we help enterprises nationally solve their hardest IT infrastructure challenges," Downie said.
Peak 10 announced in June that Downie would remain CEO of the new company, while ViaWest's CEO Nancy Phillips will serve as the executive chair of the board for Peak 10 + ViaWest. The combined company has more than 1,000 employees.
Peak 10 + ViaWest services 20 domestic and international markets out of 40 data centers boasting 2.7 million square feet of data center space, with more to come, according to Downie. The company also has 13 global cloud nodes.
Between ViaWest's expertise around security and managing hybrid IT environments, and Peak 10's robust data center footprint, the merger will give the newly combined company more credibility in the channel and will help the provider appeal to a broader base of partners, Intelisys' Pryfogle said.
"I think partners are going to take a much more serious look at Peak 10 + ViaWest," he said. "This bundle of cloud expertise and support provides a really unique value proposition to the channel."