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September 5, 2013
BATON ROUGE, La. -- EATEL, a leading regional telecommunications service provider, announced today that it has completed the acquisition of privately-held Venyu Solutions Inc., a national provider of data center, managed hosting, cloud, virtualization, and data protection solutions. The acquisition provides new growth opportunities for both entities as well as strengthening complementary service lines with integrated business solutions.
"The acquisition of Venyu positions EATEL within the rapidly growing cloud-based business services, data center, and hosting markets. Venyu's success in the Gulf South coupled with our expanding fiber network and corporate footprint will provide both entities with new growth opportunities," said John Scanlan, President and Vice Chairman at EATEL.
Venyu, founded in 1989, is headquartered in Baton Rouge, LA, and has approximately 75 employees. Venyu has data center operations in Baton Rouge and Shreveport-Bossier, LA. The company will become a wholly owned subsidiary of EATEL and maintain its headquarters, data center locations, existing service offerings, staff and the senior management team. "The EATEL partnership provides Venyu with the additional financial resources needed to capitalize on new growth opportunities and expand our market share beyond our current service area," said Scott Thompson, Founder and CEO at Venyu.
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