Shaw Communications said it has agreed to acquire ViaWest for $1.2 billion. Here are the details.
ViaWest co-founder President and CEO Nancy Phillips says this deal with enhance the company's development for itself, its customers and its employees.
Shaw Communications Inc. (SJR) last week said it has signed an agreement to buy ViaWest Inc. As part of the deal, Shaw, a Canadian telecommunications company, will acquire ViaWest from Oak Hill Capital Partners and other shareholders for $1.2 billion.
The deal comes just days after ViaWest, a Greenwood Village, Colorado-based data centers and managed services provider, introduced a new channel program to help further promote its IT infrastructure services through advertising and lead generation initiatives from affiliates.
Shaw expects the acquisition will assist with the growth and expansion of its business data services and cloud capabilities. ViaWest will operate as a subsidiary of the company.
ViaWest employs more than 350 people and deploys services to more than 1,300 customers across seven states. It has grown from five data centers in two markets to 27 data centers in eight markets in the United States.
ViaWest co-founder President and CEO Nancy Phillips, who participated in Talkin' Cloud's Friday's Last Word in October 2013, will continue to operate ViaWest from its Denver headquarters.
Phillips said in a statement that this deal is an "excellent strategic development for ViaWest, our employees and our customers."
"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," she said.