MISHAWAKA — Online Tech, an Ann Arbor, Mich.-based Schurz Communications Inc. subsidiary that provides information technology solutions to businesses and organizations, has acquired Austin, Texas-based Neverfail Inc.’s global cloud infrastructure business, the companies announced Tuesday.
As part of the transaction, the two companies have entered into an ongoing strategic partnership in which Online Tech will become Neverfail’s preferred cloud provider for their software solutions. The deal allows Neverfail to focus exclusively on software while partnering with Online Tech to provide the cloud infrastructure for compliant-sensitive customers requiring a high level of confidence in their cloud systems, Online Tech said in a statement.
The purchase will allow Online Tech to offer expanded managed services for existing customers and resellers that complement their current cloud, collocation, disaster recovery and security solutions, the company said.
“The Neverfail acquisition is an exciting step in Online Tech’s journey of growth,” said Brad Cheedle, CEO of Online Tech. “It demonstrates both the commitment and capabilities we have to enable business transformation and the modernization of critical infrastructure around the globe.”
The acquisition also furthers a diversification and growth strategy by Mishawaka-based Schurz, parent company of the South Bend Tribune, to expand its presence in the rapidly evolving cloud and managed IT services arena. Schurz in early 2016 sold off its radio and television stations, including WSBT-TV, to focus more on print and digital news media, cable companies and IT services.