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July 30, 2012
Cloud aggregator intY, which little more than a month ago launched a channel partner program for Microsoft Office 365 in the United States and Canada, has a new parent company. Weather Investments, an investor and strategic shareholder traditionally focused on the telecommunications market, saw the value in intY and purchased the company to “accelerate the growth of cloud aggregation services across the globe.”
It seems like good news all around, and a win-win for intY and its partners and customers. The company went live with its cloud-based CASCADE global channel marketplace earlier this year, and now it’s being backed by a company with more capital and the ability to take intY’s services around the world.
If the name Weather Investments doesn’t sound familiar, perhaps its more familiar brand will. Wind Telecom may not be quite a household name in North America, but in Europe, Wind has gained much traction and is the third largest mobile carrier in Italy.
According to Weather’s executive management, it has no plans to mess with what has made intY successful to date. Instead, the management and operational team are going to stay in place, and intY will be business as usual. The difference, of course, is that intY will soon be heading to the global market, and Weather has high hopes in using intY to expand cloud aggregation services.
“The investment, telecom expertise and global reach of Weather will add significant value to intY as we rapidly grow our business,” said CEO Chris Baldock in a prepared statement. “With a planned collection of cloud software applications, products and services scheduled to be added during the next 12 months and an increasing number of domestic and global service providers joining the intY CASCADE platform, this is an exciting time of expansion for us and all our partners.”
This is not Weather’s first acquisition of a cloud computing company. Earlier this year, Weather acquired high-performance cloud infrastructure provider Joyent. The telecommunications company is quickly expanding its reach into the cloud market, and it’s easy to speculate that it’s not quite over with.
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