Fresh off recent acquisitions of three other companies, Evolve IP just last week enveloped Xtium, a cloud hosting and disaster recovery firm in King of Prussia, according to a CRN report by Joseph Tsidulko.
Xtium serves high-regulation customers, especially in healthcare, and is no stranger to Evolve IP.
“Our respective teams have literally known each other since day one, with a ton of mutual respect,” Evolve IP President and Founding Partner Guy Fardone said. “This makes a lot of sense. Acquiring a straight IaaS company for us right now makes zero sense. A company that has known customers, expertise, products, and a proven track record makes it all better.”
Evolve IP’s other recent acquisitions have included information technology consultancy APT, private cloud computing firm Paragrid, and managed IT provider IPiphany.