February 20, 2014 – New York, NY – Open Hosting Inc. (“OHI”) has been acquired by Series Digital. Since 2003, OHI has provided cloud based hosting solutions for software developers, specializing in high performance, advanced virtualization platform using Linux KVM. Founded in 2006, Series Digital develops software, websites, and infrastructure services for clients in the financial services industry.
Companies continue to increasingly move to cloud technologies for the flexibility, cost and control. This acquisition immediately bolsters Series Digital’s innovative portfolio and increases their presence and capabilities in the cloud. Series Digital clients should see the benefits of the combination immediately.
“Through the acquisition of Open Hosting, we are very excited to offer a cloud hosting solution that is well suited for Series Digital projects and clients,” said Series Digital founder and CEO Jonathan Blessing. “Few other consultancies are able to offer services that range from design to development to hosting.”
Agile Equity (http://www.agileequity.com) was the exclusive investment banker for Open Hosting Inc.