SOUTHFIELD — ManagedWay, a Southfield-based cloud services provider, announced that it has acquired Waveform Technology LLC, a Troy-based provider of data center and internet products and services.
Waveform is a 24-year-old company that provides high bandwidth Internet services and data transport to businesses in southeast Michigan, over more than 400 miles of proprietary fiber.
“We’ve known and respected Waveform as a competitor for years and we’re thrilled to take them on now as a partner,” said ManagedWay president and CEO Robert Sanders. “The combination of our two companies will give us significant leverage in the market. We’re looking forward to creating some meaningful economies of scale for the larger organization.”
Waveform’s technical assets, administrative processes, and all staff will be immediately integrated with ManagedWay. The new company will retain the ManagedWay name and become a provider of data center services including colocation, and public and private clouds.
ManagedWay, founded by Sanders more than a dozen years ago, offers managed hosting to some of the region’s most technically sophisticated IT firms. The company operates multiple data centers in Southfield and suburban Grand Rapids, in addition to the Waveform facilities that are part of this acquisition.
“The partnership with ManagedWay is the culmination of our efforts over the past 15 years and moves us to the next level in terms of technological sophistication and market outreach,” said Waveform COO Bill Wichers. “It will help us enhance the value of our services to current and future clients.”
Sanders noted that ManagedWay is continuously looking for opportunities to enhance its network and client base through investment, partnerships and acquisitions. “ManagedWay was among the founding partners of the Detroit Internet Exchange because we saw an opportunity to reduce costs and improve speed through peering.”
More at www.managedway.com.