Evolve IP Acquires King of Prussia, PA-Based Cloud Services Provider Xtium, Inc.

Explore this investment 10.26.16

WAYNE, Pa.—October 26, 2016Evolve IP, The Cloud Services Company™, today announced that it has acquired Xtium, Inc. a mid-Atlantic based cloud computing services provider located in King of Prussia, PA. The strategic purchase is part of Evolve IP’s ongoing growth strategy and will provide the company with increased penetration into the healthcare technology vertical market. Established in 2007, Xtium provides Disaster Recovery, Desktop as a Service (DaaS), managed cloud hosting and managed online backup.

“Healthcare organizations are looking to leverage the cloud and need partners that offer HIPAA-compliant, highly-reliable, proven services,” said Guy Fardone, President and Founding Partner of Evolve IP. “Xtium’s HIPAA-compliant services and leadership on HITRUST certification initiatives mirror the capabilities and framework of the Evolve IP Compliance CloudTM and we are ecstatic to join forces in helping healthcare organizations nationwide securely move to the cloud.”

“Our team couldn’t be more pleased to join Evolve IP and we’re excited to have new opportunities due to the company’s tremendous growth,” said Tim Vogel, Chief Executive Officer of Xtium, Inc. “In addition to opportunities for our associates, our customers now have access to more world-class cloud computing services along with an entirely new suite of cloud communications services like hosted contact centers, IP phone systems and unified communications. As an organization, we’re looking forward to leveraging Evolve IP’s national presence and infrastructure to further penetrate the healthcare technology space.”

One of the nation’s fastest growing cloud companies, Evolve IP provides cloud services in virtually every industry including: healthcare, legal, insurance, banking, technology, travel, veterinary medicine, and retail and to some of the world’s most recognizable brands. The company’s Evolve IP OneCloud™ solution allows organizations to migrate multiple cloud computing and cloud communications services onto a single, unified platform including: virtual data centers / servers, disaster recovery, virtual desktops, IP phone systems / unified communications, contact centers, and more.