Transforming Network Infrastructure Industry News

TMCNet:  Consortium of investors to sell stake in Azaleos to Avanade

[November 14, 2012]

Consortium of investors to sell stake in Azaleos to Avanade

Nov 14, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Azaleos Corporation has entered into an agreement to be acquired by Avanade, Inc., a provider of business technology solutions and managed services. Both the companies are based in the US.

Azaleos is a provider of managed email, collaboration and unified communications services, and backed by Ignition Partners and Second Avenue Partners.

As part of the acquisition, all of Azaleos' approximately 200 employees will be offered an opportunity to continue to support the Azaleos business at Avanade.

The acquisition is subject to closing conditions, including receipt of required regulatory approvals and expected to close in December 2012.

Deal Type Venture Finance Sub-Category Exit Deal Status Announced: 2012-11-13 Deal Participants Target (Company) Azaleos Corporation Acquirer (Company) Avanade, Inc.

Deal Rationale The acquisition will expand Avanade's market position in managed services for Microsoft communication and collaboration technologies.

[ Back To Transforming Network Infrastructure's Homepage ]




Featured Blog Entries

What Fiber Mountain's Interop Recognition Means for Our Industry

When Fiber Mountain™ began its journey with a launch at Interop New York last fall, we certainly believed that we had a solution that would make a significant impact in the data center space.

What On-Board Optics Means for Density and Flexibility

This past week I read an article in Lightwave Magazine and another in Network World about the formation of the Consortium for On-board Optics (COBO), a group that seeks to create specifications and increase the faceplate density of data center switches and adapters.

Scaling Hyperscale in an Age of Exponential Growth and Virtualization

Over the past several years server, network, storage and application virtualization has revolutionized the way hyperscale data centers are built by consolidating workloads. The trend has simplified network architecture significantly and resulted in huge cost savings as well.

SDN can be the "GPS" Data Center Networks Need

Almost 30 years ago, I came to the USA to attend college, and in my early years as a student I spent every winter, spring and summer break traveling to different parts of this beautiful country.

How Fiber Mountain Future-Proofs Your Data Center

By now you most likely noticed that one of the topics I focus on continually is the problem data centers face today in meeting bandwidth needs. Until now, data centers were forced to purchase fire-breathing, million-dollar core switches to handle the growing volume of traffic, a solution that is both expensive and inefficient.

Video Showcase