Online Tech Acquires Neverfail’s Cloud Business

Online Tech LLC, provider of secure, compliant private, hybrid and multi-cloud solutions for service providers, channel partners and enterprise organizations, acquired the Infrastructure as a Service (IaaS) and data protection assets and products of IT provider Neverfail Group Limited.

The acquisition, which includes Neverfail’s five cloud nodes and assets in North America, Europe and AsiaPac, increases Online Tech’s geographic footprint and its ability to serve direct customers while adding tens of thousands of new end-users through extensive channel programs.

As part of the transaction, the two companies have entered into an ongoing strategic partnership in which Online Tech will become Neverfail’s preferred cloud provider for their software solutions.

The acquisition and agreement allows Neverfail to focus exclusively on software while partnering with Online Tech to provide the cloud infrastructure for compliant sensitive customers requiring a high level of confidence in their cloud solutions.

In addition, Online Tech will now offer expanded managed services for existing customers and resellers that complement their current cloud, collocation, DR and security solutions. These include a partner-centric private cloud, enhanced data protection (with offsite backup powered by Veeam), Neverfail Workspaces virtual desktop service, Neverfail HybriStor and Neverfail Continuity Engine.

Neverfail customers will benefit from Online Tech’s proprietary OT Portal single-pane-of-glass portal, allowing for visibility across their entire IT environment. From real-time monitoring to simplified billing administration, clients can find answers for all of their IT needs in one convenient place.

This is the second cloud acquisition in 2018 for Schurz Communications, Inc., parent company of Online Tech. The deal represents Schurz Communications’ commitment to growth in the cloud and managed IT services arena and offer greater access to cloud infrastructure with 24/7 customer support and a suite of complementary software services.

“The Neverfail acquisition is an exciting step in Online Tech’s journey of growth. It demonstrates both the commitment and capabilities we have to enable business transformation and the modernization of critical infrastructure around the globe,” said Brad Cheedle, CEO, Online Tech. “With our latest announcement, we are better positioned than ever to earn our place as one of the most respected cloud providers in the world.”

The acquisition extends Online Tech’s reseller and agent programs to include many of the greatest service providers.

“Online Tech was a clear choice when we sought a partner to meet our valued customers’ infrastructure needs moving forward,” said Brian Hierholzer, CEO, Neverfail. “Our software offerings layered atop their resilient and high performing cloud solutions are a winning combination we are confident customers will appreciate.”

All Neverfail infrastructure customers will be transitioned to Online Tech for their IP, privacy and compliance needs. All existing Neverfail cloud employees will become employees of Online Tech.

Layer 7 Capital LLC acted as Neverfail’s exclusive financial advisor for the transaction.

The terms of the transaction were not disclosed.