January 17, 2019
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 disclosed that it had acquired Business Intelligence 101, or Bi101, which is based in Livermore, Calif.
The deal means an immediate boost for NeoCloud. The acquisition adds "more than 350 of Bi101's customers to its client portfolio, growing NeoCloud's customer base by approximately 30 percent."
"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. "Bi101's evolving business and strong customer base made them an ideal choice to complement our own innovative solutions."
Source: WRAL TechWire