Web Ventures facilitates InMotion Hosting’s acquisition of cloud hosting provider RamNode

LOS ANGELES, March 16, 2021 /PRNewswire/ — Web companiesthe mergers and acquisitions branch of InMotion Hostingannounced this week that it has acquired RamNode, an established provider of high-performance unmanaged virtual private servers (VPS).

While complementary to InMotion Hosting’s line of managed hosting options, RamNode’s vision and growth as an unmanaged cloud provider will not be changed by the acquisition, as the brands will remain independent.

I am delighted that we are able to retain all RamNode staff, as well as all data center locations and product offerings. This will allow us to operate the RamNode brand independently. Additionally, we see our acquisition of RamNode as the next, but not the last, step in our OpenStack strategic growth plan.

It’s the sixth acquisition by Web Ventures over the past 18 months. The transfer of assets was finalized in February with the dedicated resources of InMotion Hosting.

“I am extremely proud of the Web Ventures team for reviewing and executing the RamNode deal in a diligent and timely manner,” said Sunil Saxena, CEO of Web Ventures and co-founder of InMotion Hosting. “I am delighted that we are able to retain all RamNode staff, as well as all data center locations and product offerings. This will allow us to operate the RamNode brand independently. Additionally, we see our acquisition of RamNode as the next, but not the last, step in our OpenStack strategic growth plan.”

When asked what it was like working with Web Ventures, Nick AdamsFounder of RamNode said, “It was a pleasure working with everyone at Web Ventures. They are a team of genuine people with significant experience in the web hosting industry. acquisition, from first contact to closing. I would love to work with them again on a future project!”

As a founding member of the Open Infrastructure Foundation, InMotion Hosting remains committed to Open Source technology. This agreement will bring extensive OpenStack experience and extend InMotion Hosting’s infrastructure to Europe for the first time.

To learn more about what sets Web Ventures apart from other technology partners, please find our Lead Hand Shaker, Mike Demo at CloudFest Online 2021 or visit WebVentures.io.

Contact:
Mike Demopoulos
Web Ventures Master Handshake
[email protected]
(757) 416-6574

About Web Ventures

Web Ventures is the Acquisitions and Investment arm of InMotion Hosting. Having recently acquired W3 Total Cache, Elegant Marketplace, Sprout Invoices, and weForms, Web Ventures plans to continue investing in technology, WordPress, and hosting companies, with several additional announcements expected in 2021.

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SOURCE Web Ventures, a division of InMotion Hosting Inc.