PLANO, Texas--BUSINESS WIRE--Layered Technologies, Inc. Layered Tech, a leading worldwide provider
of on-demand and cloud computing IT infrastructure, today announced the
acquisition of GSI Hosting GSI as part of Layered Tech’s accelerating
growth within the enterprise managed services sector. GSI’s
compliance-oriented products complement Layered Tech’s on-demand and
cloud computing infrastructure, creating a powerful technology platform
and portfolio of services that’s uncommon in the market today. The terms
of the transaction were not disclosed.
We are excited by the opportunity to join the Layered Tech family.
Layered Tech and GSI take the same collaborative approach to delivering
market leading services to our customers
GSI, which was the first hosting provider in the world to achieve PCI
DSS certification, has established itself as the leading provider of
compliance-focused hosting services, particularly for the financial
services industry. Founded in 1996 by president and CEO Robin
Greenhagen, GSI’s world-class customer base includes many leading
consumer and financial services brands. In connection with the
acquisition, Greenhagen joins Layered Tech as chief technology officer.
“We are excited by the opportunity to partner with Robin and his team.
The acquisition of GSI brings a wealth of talented employees, unique
proprietary technology, market-leading compliance capabilities and deep
customer relationships that will strengthen the combined business,” said
Layered Tech Chairman and CEO Jack Finlayson. “This strategic
combination further expands the value that we can deliver to our
combined customer base as we integrate our respective technology and
service capabilities.”
The transaction also supports Layered Tech’s goal of growing its
inventory of top-tier assets around the world, including GSI’s wholly
owned 77,000-square-foot data center in Kansas City, Mo., and its
facilities throughout North America, Canada and Europe.
“We are excited by the opportunity to join the Layered Tech family.
Layered Tech and GSI take the same collaborative approach to delivering
market leading services to our customers,” said Greenhagen. “I look
forward to merging our knowledge and expertise to build an unparalleled
service portfolio. Together we have the experience, talent and vision to
continue growing and innovating, and we have powerful financial partners
who are committed to investing in Layered Tech’s growth.”
In February 2010, Layered Tech announced it received significant growth
equity funding from a group of investors led by Accel-KKR, a
technology-focused private equity investment firm.
Ben Bisconti, Managing Director of Accel-KKR, said, “Accel-KKR and its
co-investors were pleased to support Layered Tech in its acquisition of
GSI. We believe that the combination of Layered Tech’s managed hosting
leadership and GSI’s compliance leadership will create a unique
strategic solutions provider in the market. We look forward to
continuing to support the combined company’s growth.”
About GSI Hosting
GSI www.gsihosting.com
provides managed hosting services to companies with complex
infrastructure, connectivity, or data security and compliance needs.
GSI’s enterprise-class data centers in North America, Canada and Europe,
combined with 24x7 ServerHeroes™ management, assure applications remain
available and secure at all times. GSI’s “Let’s Get It Done Right”
commitment brings a superior level of confidence and freedom to IT
professionals, allowing clients to achieve a more strategic approach in
their business operations. For more information, please visit the
website or contact sales at gsihosting.com.
About Layered Technologies
Layered Technologies is a leading global provider of managed dedicated
hosting, on-demand virtualization/cloud computing and Web services. By
providing high-quality technology, infrastructure and support, Layered
Tech enables customers to eliminate capital expenses and save on
operating costs while focusing on core business issues. Layered Tech’s
scalable infrastructure powers millions of sites and Internet-enabled
applications including e-commerce and software as a service SaaS. Our
clients range from leading-edge Web 2.0 startups, successful mid-sized
enterprises and some of the world’s largest consultancy and integration
firms. For more information about Layered Technologies, please visit www.LayeredTech.com
or call 1-866-584-6784.
