Cox Business has acquired RapidScale, a managed and hybrid managed cloud services provider. The acquisition is intended to strengthen Cox Business' managed services portfolio by combining transport and connectivity with RapidScale's managed and hybrid managed cloud offerings. The new cloud platform is intended to deliver a range of technology to help businesses improve productivity and reduce IT expenditures. RapidScale's managed cloud solutions include desktop, server, mail, backup and recovery.
"Businesses today need a true technology partner to deliver innovation that helps them transform operations, better engage with customers and remain competitive," said Steve Rowley, executive vice president, Cox Business. "Adding RapidScale to the Cox family grows our business in a strategic manner by improving our cloud platform and enhances our value to business customers, regardless of size or vertical market."
"Joining Cox is an opportunity to continue to innovate and expand our existing products to meet businesses' IT needs both today and in the future," said Randy Jeter, co-founder and chief executive officer, RapidScale. "Cox and RapidScale share a commitment to delivering leading technologies with second-to-none customer service."
Cox Business, started in 1993, currently generates more than $2 billion in annual revenue. Some of its recent investments, acquisitions and new capabilities include Blueprint RF, Unite Private Networks, Trapollo, Hospitality Network and Cox Business Security Solutions.
Financial terms of the agreement were not disclosed.
