Cox Business, the commercial division of Cox Communications, says it will boost its managed services and connected cloud offerings through the acquisition of RapidScale, a provider of managed and hybrid managed cloud services provider. Cox Business plans to offer an enhanced connect cloud platform by combining its transport and connectivity capabilities with RapidScale's managed and hybrid managed cloud offerings. Terms of the deal were not disclosed.
"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 meet businesses IT needs both today and, in the future," added 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 says it already derives more than $2 billion in annual revenue from its business services operations. The acquisition is the latest in a line of deals and new service roll outs, including Blueprint RF, Unite Private Networks, Trapollo, Hospitality Network and Cox Business Security Solutions.
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