FusionStorm, a provider of IT consulting, technology solutions and cloud and managed services, announced it is selling off its managed IT services and cloud solutions business to Synoptek, a specialist in these two areas.
Terms of the agreement were not disclosed, but a joint statement from the companies said the partnership will help meet growing demand for cloud-based "as-a-service" technology and hosted solutions to support on-premises systems.
The two companies' cloud and managed services businesses will be combined into a new entity, and FusionStorm will have an equity stake in the new entity, which will operate under the Synoptek brand. FusionStorm CEO Dan Serpico will hold a seat on the Synoptek board.
"We believe this partnership with Synoptek will significantly benefit both companies and our mutual customers," Serpico said in a statement. "Synoptek is laser-focused on managed services and cloud solutions, with a global team and delivery infrastructure that provides a world-class customer experience. This partnership will enable us to deliver an enhanced managed services offering while continuing to build upon our expertise in enterprise-class data center infrastructure."
FusionStorm said it plans to use the proceeds from the transaction to continue its growth and investment in personnel, operations and new solution offerings. FusionStorm will focus these investments on its core business in data center infrastructure, Integration Centers and international logistics services.
"This partnership with FusionStorm will optimize our delivery of managed IT services and strengthen our portfolio of private, public and hybrid cloud options to accommodate a strategic, high-performance customer base," said Tim Britt, CEO of Synoptek, said in a statement. "We will be able to establish a strong global footprint for delivery, scalability and high-availability in on-premise service-based solutions, and tap FusionStorm's expertise to fuel growth across a broad portfolio of enterprise IT offerings."
Synoptek, which is based in Orange County, said it plans to leverage the alliance to continue its growth in the expanding managed services and cloud solutions market. The company specializes in planning efficiency strategies that are related to a company's processes and technologies, with the goal being to plan, build and operate an information systems and technology infrastructure to streamline that business.
More than three-fourths (76 percent) of companies surveyed by AT&T in June said they are using the cloud or plan to invest in cloud services in 2013. Of those surveyed, 62 percent already include cloud services as part of their corporate infrastructure—up 11 percentage points from the previous year. In addition, 66 percent of companies are using or considering using cloud services to augment their business continuity strategy, for disaster recovery purposes, while nearly half (49 percent) of companies plan on leveraging cloud computing for data storage.