News

Exchange Hosting Giant Intermedia Acquired by Private Equity Firm

Private equity firm Oak Hill Partners has acquired Exchange hoster Intermedia for an undisclosed sum and has named former Savvis CEO Phil Koen, as its new chairman and chief executive.

Intermedia is a major provider of Exchange hosting services. The New York-based company manages 320,000 Exchange seats and boasts 38,000 customers that are serviced by 6,800 partners. Though a Microsoft partner, Intermedia's services also compete with Microsoft's own Business Productivity Online Services (BPOS) and soon-to-be-released Office 365.

As founder and majority shareholder Michael Choupak steps aside, Intermedia gains a seasoned CEO in Koen. Having served as CEO of Savvis from 2006-2010, he previously was president of Equinix, a provider of datacenters and Internet services.

"As a pioneer and now significant player in cloud-based IT services, Intermedia has tremendous potential for further growth by delivering more cost-effective solutions to companies whose on-premise IT is moving to the cloud," Koen said in a statement. "We intend to build Intermedia into a leading provider of a broad suite of cloud services to SMBs and the channels that serve them, with Microsoft Exchange e-mail as the core service."

Intermedia said it plans to expand its portfolio of cloud-based services via new products and acquisitions. The company has already begun that expansion through the offering of hosted PBX, security, archiving, backup and mobility services.

The company also said it will continue to invest in the 24x7 support and cloud migration services.

About the Author

Jeffrey Schwartz is editor of Redmond magazine and also covers cloud computing for Virtualization Review's Cloud Report. In addition, he writes the Channeling the Cloud column for Redmond Channel Partner. Follow him on Twitter @JeffreySchwartz.

Featured

  • Exchange Server June Cumulative Updates Arrive, but with Red Tape

    Microsoft released its quarterly cumulative updates (CUs) for Exchange Server 2013, 2016 and 2019 products this week, but added an extra step for IT pros to consider before installing them.

  • Moving an Old VM to a New Hyper-V Host

    So you want to know whether a Hyper-V virtual machine built on a legacy host will be supported by a newer server? There's a PowerShell command for that.

  • AI-Driven Solution Tracks Packets Through the Datacenter

    Datacenter solutions vendor Kaloom this week unveiled a new offering the company says will enable the development of "self-driving" datacenter networks.

  • Microsoft Previews Azure Bastion Service for Private VM Access

    Microsoft on Tuesday announced a preview of the Azure Bastion service, which lets a user connect to an Azure virtual machine (VM) using a private Internet connection.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.