Source: Marketwired
Markham, York Region-based OnX Enterprise Solutions, a leading data center IT Solutions Provider, today announced that it 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 Enterprise Solutions 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 general manager 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 of OnX Enterprise Solutions. “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.”
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The Regional Municipality of York is located in the heart of the Greater Toronto Area and is home to 1.1 million residents and 42,000 business establishments, making it one of Canada’s largest municipalities and the second largest business centre in the Province of Ontario.
Comprised of nine local municipalities, York Region is a premier business location in Canada. The Region is home to operations of 14 Fortune 100 companies, four of Canada’s top 10 corporate R&D investors, Canada’s second largest Information & Communications Technology (ICT) cluster and global industry leaders in Life Sciences, CleanTech, Financial Services and Advanced Manufacturing.
As Canada’s fastest growing large municipality, York Region has one of the most educated and diverse workforces in North America, the lowest commercial property taxes in greater Toronto and an exceptional quality of life attracting top global talent.
York Region’s local municipalities include the City of Markham, the City of Vaughan, the Town of Richmond Hill, the Town of Newmarket, the Town of Aurora, the Town of Whitchurch-Stouffville, the Town of East Gwillimbury, the Town of Georgina and the Township of King.