The acquisition is designed to extend and enhance Fusion's cloud computing offerings.
Fusion has announced that it has acquired the customer base, technology platform and infrastructure, and other assets of RootAxcess, LLC ("RootAxcess"). Chicago-based RootAxcess delivers a broad range of cloud solutions, including Infrastructure-as-a-Service (IaaS), cloud computing, cloud storage, cloud hosting, virtual data center, backup and recovery, and virtual servers, using both private and hybrid cloud infrastructure.
Fusion's acquisition of RootAxcess closed on September 30, 2015 and was funded via its cash balances and revolving credit facility. Fusion expects to fully integrate RootAxcess by the end of the first quarter of 2016.