Denver, CO and Garden City, NY – May 31, 2022 – Crest Rock Partners, (“Crest Rock”), a Denver-based private equity firm, is pleased to announce that its portfolio company, Opti9 Technologies LLC (“Opti9”), a trusted North American managed cloud services provider for hybrid cloud, security, and application modernization, has merged with HostedBizz, one of Canada’s premier Infrastructure-as-a-Service (IaaS) platform providers and Veeam’s 2021 North America Cloud & Service Provider Rising Star Partner of the Year. The merger of HostedBizz into Opti9 creates expanded coverage throughout North America for Opti9 customers and partners along with an increased technology footprint.
“As cloud strategies become increasingly complex, Opti9’s ability to implement, manage, and ultimately engage with customers and partners anywhere on their cloud journey is a clear differentiator in the market” explains Jeff Carnes, Partner and co-founder of Crest Rock. “The combination with HostedBizz brings a new set of capabilities, additional scale, and broader geographic reach to the combined business and enables Opti9 to continue to expand on the flexibility, reliability, performance, and cost efficiency that hybrid cloud workloads deliver to customers and partners.”
“The opportunity to combine the capabilities of Opti9 with HostedBizz’s expertise in the Canadian cloud computing market and the strength of their partner ecosystem will broaden the range of available services we bring to our customers,” said Bill Bancroft, Opti9’s CEO. “HostedBizz has been a market maker for cloud and security solutions in Canada for over 10 years, and today we are excited to join forces to deliver a multifaceted, hybrid cloud capability set that delivers unprecedented scale, reach, performance, reliability, security and value to partners and customers across North America.”
Jim Stechyson, who co-founded HostedBizz along with Paul Butcher, added, “We are incredibly excited about this new step forward for HostedBizz. We started HostedBizz to make the power of the cloud easier and more accessible for the small and mid-size enterprise market. Along the way, we have built an industry-leading partner ecosystem trusted by over 300 IT resellers. These partners face new challenges as cloud services become all-encompassing, including compute, storage, security, and delivery across multiple platform vendors. We are thrilled to be part of the Opti9 family and for the additional capabilities and support Opti9 will bring to our partners. This marks a new chapter for HostedBizz and a major step forward for our current and future customers.”
The merger was preceded by the formation of Opti9 earlier this year, through the combination of two of Crest Rock’s highly complementary IT services portfolio companies. The partnership and financial support from Crest Rock continues to accelerate strategic initiatives and growth opportunities for Opti9 to deliver lasting value for clients, partners, and shareholders.
About Opti9
Opti9 is a hybrid cloud solutions provider with offices in Garden City, NY, Omaha, NE, Overland Park, KS, and St. Louis, MO, and data centers in North America, Europe, and the APAC region. The company is an AWS Advanced Consulting Partner and Veeam Platinum VCSP, along with several other key partnerships and certifications. Opti9 specializes in managed cloud services, application development and modernization, backup and disaster recovery, security, and compliance. With its business-first focus, Opti9 blends experience with innovation and new solutions to deliver on its “Right Workload, Right Cloud, Right Time” approach. Please visit https://opti9tech.com/.
About HostedBizz
HostedBizz is Canada’s fastest growing, premier cloud Infrastructure-as-a-Service (IaaS) provider with data center presence across Canada. HostedBizz is an award-winning Veeam Platinum VCSP and specializes in providing partners with a fully integrated suite of IT infrastructure solutions including cloud servers, backup, disaster recovery, file sharing, remote desktop services, and private network access. HostedBizz is committed to investing in and providing the latest cloud-based technologies to Canadian businesses. HostedBizz makes it easier for customers to leverage the benefit of the cloud. Please visit https://hostedbizz.com/.
About Crest Rock Partners
Crest Rock Partners is a Denver-based private equity firm focused on the lower middle market. Founded in 2019, the firm seeks investment opportunities where it can leverage its principals’ extensive operating and investing experience to help companies execute their strategic initiatives. Through the team’s completion of over 55 acquisitions, divestitures, mergers, and integrations, Crest Rock has developed a differentiated investment process and partnership approach, working with management, founders, and other stakeholders to establish alignment and achieve mutual objectives. Crest Rock targets control investments across multiple industry verticals, including software, technology, IT services, tech-enabled business services, and manufacturing, with enterprise values ranging from $15 million to $150 million.
For more information about Crest Rock, please visit www.crestrockpartners.com, and connect on LinkedIn.