Menu

IoT FEATURE NEWS

SharedLabs acquires ExoIS

By

In a recent release, SharedLabs and ExoIS announced that they have completed a definitive agreement under which SharedLabs has acquired all of the stock of ExoIS for an undisclosed sum. ExoIS will continue to operate as a wholly-owned subsidiary of SharedLabs until full integration is completed, which his expected within the first quarter of 2018. Jonathan Clark, Founder of ExoIS, will report to John Andrews, COO of SharedLabs. Jason Cory, CEO and Chairman of the board, SharedLabs, fully supports this transaction.

“The purchase of ExoIS has expanded the portfolio of clients served by SharedLabs, while enriching our portfolio of offerings with new tools and techniques to build, support, and run private clouds and securely leverage appropriate publicly available Cloud services in a cost-effective manner,” said Cory. “The purchase has also opened the door for expansion in new geographic areas where these services will prove very valuable, while allowing us to expand our wallet share in existing clients and win new clients in the markets we serve.”

ExoIS is a provider of Cloud solutions in Public, Private and Hybrid environments for companies in the banking and financial services, technology, retail, and fintech and payments industries. With expertise and solutions in IoT, Blockchain, Cyber Security, Mobility, DevOps, and Cloud, the company also has specialized offerings for clients in the fabless semi-conductor, IoT, and digital media spaces.

“We believe that SharedLabs and ExoIS have complementary offerings which enable us to better serve our clients, while expanding into the more than 400 SharedLabs clients,” said Jonathan Clark, founder, ExoIS. “By combing the rich development and dev ops capabilities of SharedLabs, and the Hybrid cloud, IoT, and Security solutions of ExoIS , we will be well-positioned to grow the business, while exceeding client expectations.”


Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Editorial Director

SHARE THIS ARTICLE
Related Articles

Texas Passes Unique AI Laws

By: Carl Ford    7/3/2025

What is the new Texas AI law all about and what does it mean for businesses and government entities?

Read More

I've Asked the Security Experts, But It's Time You Have Your Say

By: Carl Ford    6/27/2025

Security experts are quick to say they know what's happening, but here's your opportunity to weigh in on the state of cybersecurity in IoT.

Read More

Mary Meeker Returns with AI and Breezes Past AIoT

By: Carl Ford    6/26/2025

We are entering an era where intelligence is not just embedded in digital applications, but also in vehicles, machines, and defense systems

Read More

Nothreat Fights AI Fire with AI in Firewalls

By: Carl Ford    6/26/2025

According to Nothreat, the only way to fight AI cyber threats in IoT with AI is to go beyond detection and into active containment, deception, and aut…

Read More

How Kapitus is Reshaping SMB Funding

By: Carl Ford    6/16/2025

Kapitus is a financial institution that provides various financing solutions to SMBs, operating as both a direct lender and a financing marketplace.

Read More