News : Sphere 3D Signs Definitive Agreement to Acquire HVE and Unified ConneXions
San Jose, CA, US, Jan 19, 2017 -- Sphere 3D Corp., a containerization, virtualization, and data management solutions provider, announced that HVE ConneXions, LLC, and Unified ConneXions, Inc. (collectively, "UCX") will join the Sphere 3D family of companies.
Sphere 3D has signed a definitive agreement to acquire HVE ("Hybrid Virtualization Engine") ConneXions, a hybrid cloud technology company focused on converged and hyperconverged infrastructure, along with its sister company, Unified ConneXions, Inc., which provides expert, professional, and IT services to corporate, government, and educational institutions. By adding UCX’s products, technologies, professional services and engineering talent, Sphere 3D will expand its virtualization practice as well as enhance its ability to accelerate the delivery of hybrid cloud solutions to customers. The acquisition is subject to customary closing conditions and is anticipated to close before January 31, 2017.
Joseph L. O’Daniel, President and CEO of Unified ConneXions, will take on the new role of President of Virtualization and Professional Services for Sphere 3D. Chris Cunningham, Vice President and CFO of Unified ConneXions, will take on the new role of Senior Vice President of Business Operations and Professional Services. David Harmon, President of HVE, will become Vice President of Virtualization.
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In addition to the aforementioned new virtualization team, the company has moved to optimize the focus of the storage team and is pleased to announce that Randy Gast, current Chief Operating Officer of Sphere 3D, will take on the additional new role of President of Storage for Sphere 3D.
The combined Sphere 3D and UCX teams will focus on expediting the migration of applications and their associated data to a modernized IT infrastructure for its customers, as well as empower workload mobility across their virtual and cloud environments, while continuing to provide expert and professional IT services.
"This is a very important day for Sphere 3D," said Eric Kelly, CEO and Chairman, Sphere 3D. "UCX has exceptional leadership teams, innovative technology, industry recognized engineering talent, and an outstanding track record of delivering next generation solutions to their customers. We are honored to welcome them into the Sphere 3D family, and together we will build on our combined history of innovation and partnership with our customers to deliver data center solutions that support advanced IT strategies and business requirements."
"At UCX, we have focused our time, attention, and resources on helping thousands of customers with their IT needs. This includes over 100,000 virtual desktop deployments, countless server workloads, and numerous service-related projects and IT consulting, all while delivering incredible performance and reliability," said Joseph O’Daniel, President and CEO of Unified ConneXions. "Our highly skilled sales, marketing, engineers, solution architects, and support staff are genuinely excited to join the Sphere 3D team. With our common commitment to next generation solutions, we look forward to helping customers accelerate their digital transformation."
Posted by Veronica Silva Cusi, news correspondent
Source: Sphere 3D
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About Sphere 3D:
Sphere 3D Corp. (NASDAQ:ANY) delivers containerization and virtualization technologies along with data management products that enable workload-optimized solutions. We achieve this through a combination of containerized applications, virtual desktops, virtual storage and physical hyper-converged platforms. Sphere 3D’s value proposition is simple and direct—we allow organizations to deploy a combination of public, private or hybrid cloud strategies while backing them up with state of the art storage solutions.
Published: Wednesday, January 25, 2017