U.S. markets open in 7 hours 6 minutes
  • S&P Futures

    4,220.50
    +10.75 (+0.26%)
     
  • Dow Futures

    33,372.00
    +68.00 (+0.20%)
     
  • Nasdaq Futures

    13,359.25
    +48.00 (+0.36%)
     
  • Russell 2000 Futures

    1,982.80
    +6.50 (+0.33%)
     
  • Crude Oil

    93.94
    -0.40 (-0.42%)
     
  • Gold

    1,807.00
    -0.20 (-0.01%)
     
  • Silver

    20.34
    -0.00 (-0.02%)
     
  • EUR/USD

    1.0321
    -0.0004 (-0.04%)
     
  • 10-Yr Bond

    2.8880
    0.0000 (0.00%)
     
  • Vix

    20.20
    +0.46 (+2.33%)
     
  • GBP/USD

    1.2189
    -0.0013 (-0.11%)
     
  • USD/JPY

    133.2400
    +0.2410 (+0.18%)
     
  • BTC-USD

    23,945.21
    -603.29 (-2.46%)
     
  • CMC Crypto 200

    568.77
    -5.98 (-1.04%)
     
  • FTSE 100

    7,465.91
    -41.20 (-0.55%)
     
  • Nikkei 225

    28,546.98
    +727.65 (+2.62%)
     

OnX Enterprise Solutions Announces Acquisition of Chicago-Based Worknet, Inc.

TORONTO and NEW YORK, NY--(Marketwired - Jun 12, 2013) - OnX Enterprise Solutions, a leading data center IT Solutions Provider, today announced that it has completed the acquisition of Worknet, Inc., a managed services provider based in Chicago, IL. This strategic acquisition strengthens and accelerates OnX's investment in the Cloud and Managed Services market and extends the company's data center footprint to include both the United States and Canada. Under the terms of the agreement, OnX has acquired Worknet in an all cash transaction.

In tandem with the acquisition, OnX Enterprise Solutions has created a dedicated business unit, operating as OnX Managed Services. This business unit will combine the existing managed services operations of OnX with those of Worknet, creating a single, dedicated organization with reach throughout North America. OnX Managed Services will have over 70 employees serving more than 300 customers, be headquartered in Chicago, IL and Terry Whiffing will serve as the interim general manager of OnX Managed Services.

"We are thrilled with today's announcement and welcome the Worknet team and customers to the OnX family," said Ed Vos, CEO of OnX Enterprise Solutions. "This acquisition gives OnX further reach into the US managed services market and includes two US data centers that can service our existing customers in the United States. In turn, the entire OnX US sales force will have access to an in-country based multi-tenant cloud and managed services offering, which is ideal for clients who are sensitive to where data resides."

Worknet, Inc. is a growth-oriented, managed services provider that is focused on delivering managed hosting and disaster recovery solutions from its two SSAE 16 certified facilities. In addition, Worknet is a leader in providing Remote Monitoring and Management Services for clients in their existing facilities, enabling high availability for mission-critical applications as well as dual site solutions. OnX Managed Services will expand its cloud portfolio of self-serve and fully managed, multi-tenant offerings into the Chicago facility, allowing new and existing Worknet clients access to an enterprise-grade IaaS cloud environment or the ability to leverage a hybrid dedicated and cloud solution.

"We are extremely pleased to become part of the OnX family as we believe our solutions are highly synergistic and that our customers will realize measurable benefits in leveraging the cloud," said John Vaughan, President and CEO, Worknet. "OnX is an ideal fit for Worknet; this transaction supports our relentless commitment to expanding our business in the managed services market."

About Worknet
Established in 1996 and located in the Greater Chicago Area, Worknet, Inc. is a leading Managed Services company specializing in managed hosting, disaster recovery, and remote monitoring & management solutions for enterprises running mission-critical applications. The company operates two facilities that are designed to deliver dual data center solutions and the company adheres to some of the industry's most stringent security audits including SSAE 16.

About OnX
OnX Enterprise Solutions is a global enterprise data center solutions provider with a suite of end-to-end solutions including the industry's leading Federated Cloud solution offerings. The company designs, builds and manages complete data center environments comprised of multi-vendor offerings in four core areas -- Cloud & Managed Services, Technology Solutions & Professional Services, Digital Application Services, and Hardware & Software Solutions. Over the past 30 years, OnX has helped clients achieve exceptional business results that accelerate their growth and value. With global headquarters in Toronto, Canada and US based headquarters in New York, NY, OnX has a team of more than 600 IT professionals, revenues of more than $700 million, and clients and offices throughout North America and Europe. OnX is a privately held company and majority owned by Marlin Equity Partners. For more information, visit: www.OnX.com