OnX From Canada Completes Acquisition of Worknet

OnX Enterprise Solutions, a data center IT solutions provider, has completed the acquisition of Worknet, Inc., a managed services provider based in Chicago, IL.

This strategic acquisition strengthens and accelerates OnX’s investment in the cloud and managed services market and extends the company’s data center footprint to include both the United States and Canada.

Under the terms of the agreement, OnX has acquired Worknet in an all cash transaction.
 
In tandem with the acquisition, OnX has created a dedicated business unit, operating as OnX Managed Services. This business unit will combine the existing managed services operations of OnX with those of Worknet, creating a single, dedicated organization with reach throughout North America. OnX Managed Services will have over 70 employees serving more than 300 customers, be headquartered in Chicago, IL and Terry Whiffing will serve as the interim GM of OnX Managed Services.
 
"We are thrilled with today’s announcement and welcome the Worknet team and customers to the OnX family," said Ed Vos, CEO, OnX. "This acquisition gives OnX further reach into the US managed services market and includes two US data centers that can service our existing customers in the United States. In turn, the entire OnX US sales force will have access to an in-country based multi-tenant cloud and managed services offering, which is ideal for clients who are sensitive to where data resides."
 
Worknet, Inc. is a managed services provider that is focused on delivering managed hosting and DR solutions from its two SSAE 16 certified facilities. In addition, Worknet provides remote monitoring and management services for clients in their existing facilities, enabling HA for mission-critical applications as well as dual site solutions. OnX Managed Services will expand its cloud portfolio of self-serve and fully managed, multi-tenant offerings into the Chicago facility, allowing new and existing Worknet clients access to an enterprise IaaS cloud environment or the ability to leverage a hybrid dedicated and cloud solution.
 
"We are extremely pleased to become part of the OnX family as we believe our solutions are highly synergistic and that our customers will realize measurable benefits in leveraging the cloud," said John Vaughan, president and CEO, Worknet. "OnX is an ideal fit for Worknet; this transaction supports our relentless commitment to expanding our business in the managed services market."

With global headquarters in Toronto, Canada and US based headquarters in New York, NY, OnX has a team of more than 600 IT professionals, revenues of more than $700 million, and clients and offices throughout North America and Europe. It is a privately-held company and majority owned by Marlin Equity Partners.