Omaha, Nebraska December 10, 2019 – Twelve31 Group Acquires AltoSky, Inc.
Twelve31 Ventures, LLC (Twelve31) announced today that it has acquired AltoSky, Inc. Terms of the acquisition were not disclosed.
AltoSky.com is a technology hosting provider, that delivers highly scalable hosting solutions including managed hosting, dedicated hosting, virtual private servers, and shared hosting.
Twleve31 Group partnered with experienced industry executives Dan Griffiths and Robert Djubek with a goal of acquiring and building a leading managed hosting company. With this acquisition, the executives will assume the roles of CEO and CTO of the company.
”With greater access to resources, AltoSky.com will continue as an innovator in our industry. We believe that we have great prospects for growth and can further expand our reputation for the quality of service, deep expertise, and solid execution,” said Mr. Griffiths. ”We value the breadth of industry experience our other partners at Twelve31 bring to the. We believe in this market and our opportunities are significantly enhanced with the backing of Twelve31.”
Twelve31 Ventures, LLC. had previously been an investor in AltoSky, Inc.
To learn more about AltoSky.com and its managed web hosting services, please visit www.AltoSky.com.
About AltoSky, Inc.
AltoSky is a leading web hosting solutions company. Since our founding in 2016, AltoSky has continually innovated new ways to deliver on our mission: to empower people to fully harness the web. Based in Denver, Colorado, we provide comprehensive tools to users throughout the world so anyone, novice or pro, can get on the web and thrive with our web hosting packages.
About Twelve31 Ventures
Twelve31 acts as an independent sponsor focused on acquiring businesses that are undergoing a change in technology, strategy, operations, or growth and can benefit from Twelve31’s technology, operational, and strategic approach.
Twelve31 targets companies with a defensible core business, technology-adjustable products or services, sustainable revenues, and established customer relationships, and that have reached a transition point in their life cycle presenting an opportunity for transformation.