Tech acquisition news : SharedLabs acquires Silicon Valley-based ExoIS

Tech acquisition news : SharedLabs, a Florida-based technology services company has acquired ExoIS, a provider of managed IT services and SaaS/cloud solutions for an undisclosed sum.

Based in the Silicon Valley, ExoIS builds, operates, monitors, and maintains cloud solutions in public, private and hybrid environments for enterprises in the most demanding industries. It caters to companies that are into banking and financial services, retail, technology, fintech and payments.

According to SharedLabs, ExoIS has vast expertise and well-defined solutions in IoT, blockchain, cyber security, cloud, mobility and devops. Additionally, ExoIS provides specialized solutions for clients in the fabless semi-conductor, IoT, and digital media sectors.

Jonathan Clark – Founder of ExoIS, commenting on SharedLabs acquisition of ExoIS, said: “We believe that SharedLabs and ExoIS have complementary offerings which enable us to better serve our clients, while expanding into the more than 400 SharedLabs clients.

“By combing the rich development and dev ops capabilities of SharedLabs, and the Hybrid cloud, IoT, and Security solutions of ExoIS, we will be well-positioned to grow the business, while exceeding client expectations.”

SharedLabs enables businesses and organizations to radically adapt as they harness our extensive experience with next-generation technologies. (PRNewsfoto/SharedLabs, Inc.)

The solutions provided by ExoIS are claimed to be designed to give better deep business insights and bring down risks in operations.

Commenting on SharedLabs acquisition of ExoIS, Jason Cory – CEO of SharedLabs, said: “The purchase of ExoIS has expanded the portfolio of clients served by SharedLabs, while enriching our portfolio of offerings with new tools and techniques to build, support, and run private clouds and securely leverage appropriate publicly available Cloud services in a cost-effective manner.

“The purchase has also opened the door for expansion in new geographic areas where these services will prove very valuable, while allowing us to expand our wallet share in existing clients and win new clients in the markets we serve.”

ExoIS will continue to be run as a fully-owned subsidiary of SharedLabs until full integration is done, which is anticipated to be wrapped up inside the first quarter of this year.

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