NeoCloud, a Raleigh-based firm that provides management of cloud computing services for a growing number of customers, is getting bigger through an acquisition.
The emerging entrepreneurial company on Thursday disclosed that it had acquired Business Intelligence 101, or Bi101, which is based in Livermore, Calif.
Financial terms were not disclosed.
The deal means an immediate boost for NeoCloud. The acquisition, which closed earlier this month, adds “more than 350 of Bi101’s customers to its client portfolio, growing [NeoCloud’s] customer base by approximately 30 percent,” a spokesperson for the company says.
Bi101 will continue to offer financial consulting servies as a standalone entity.
“This acquisition represents a significant achievement in NeoCloud’s growth strategy as we seek to bring our cloud management expertise to users across the country,” said Van Murray, CEO of NeoCloud, in a statement. “Bi101’s evolving business and strong customer base made them an ideal choice to complement our own innovative solutions.”
NeoCloud offers identity management, servers, voice solutions, data migration, email, security, website hosting and 24/7 support.