BYTEGRID® Acquires a Highly Compliant Private and Hybrid Cloud Services Platform
Acquisition of Sidus BioData Expands Product Offering Adding Differentiated, Highly Compliant Solutions for Regulated Industries
SILVER SPRING, MD, March 16, 2015– BYTEGRID Holdings LLC, a provider of multi-tenant data centers and IT infrastructure services, today announced the acquisition of Sidus BioData (Sidus), the leading provider of compliant hosting solutions and compliance services for FDA and HIPAA-HITECH regulated companies.
Headquartered in Annapolis, MD, Sidus' robust, compliant offerings in Cloud Hosting, Managed Hosting and IT Regulatory Consulting services, provide a comprehensive solution for some of the worldâ€™s leading pharmaceutical, biotechnology, medical device and health care companies globally who are required to comply with US, Canadian and European IT GMP regulations and HIPAA HITECH. The company's turn-key set of solutions meet privacy laws, security concerns, and audit transparency requirements. In addition, Sidus offers hosting solutions to federal, state and local government agencies. Sidus currently operates out of three locations, including two in Maryland and one in Boston, MA.
The acquisition significantly accelerates BYTEGRID's product roadmap by enhancing its managed services offering and providing it with a differentiated compliant hosting solution focused on the Life Sciences and health care sectors. Additionally, the Sidus acquisition adds sales, product and technical resources and adds three data centers to BYTEGRID's national mission critical facilities portfolio.
"The acquisition of Sidus expands BYTEGRID's capabilities to provide high levels of compliance required for regulated industries â€" healthcare and Federal Government in particular," said Rick Kurtzbein, research analyst with the 451 Group. "Sidus adds specialized compliant offerings and expertise, including regulatory consulting services, to BYTEGRID's cloud and IT infrastructure services. The new compliant cloud and hosting offerings, when added to BYTEGRID's suite of services, are a significant development for enterprises and Government organizations in Maryland and the DC metro area, with the firm looking to extend the compliance offerings horizontally across its growing national platform."
Overall, BYTEGRID now delivers services from nine data centers in six geographically dispersed markets encompassing more than 750,000 square feet of premier multi-tenant colocation data center space meeting the highest standards for security and reliability serving some of the world's largest companies and government agencies, including numerous Fortune 50 companies.
The combination of the BYTEGRID/Sidus product offering will be particularly attractive in several markets such as Maryland, where BYTEGRID's highly redundant 9 megawatt 214,000 sq. ft. data center located in Silver Spring will be teamed with Sidus' hosting products and technical expertise and will serve the community's expanding Biotech, Life Sciences, and Federal Government users. To protect its customers' mission-critical applications and data, BYTEGRID's Silver Spring Tier IV data center infrastructure and ultra-high security meets NIST, FISMA and GSA Interagency Security Committee standards and network grid connectivity criteria.
"The addition of Sidus, with their deep knowledge of compliance, their consultative approach and impressive levels of accreditation, is highly strategic for BYTEGRID and consistent with our efforts to broaden our services portfolio," said Ken Parent, CEO of BYTEGRID. "We can now offer the industry's most compliant cloud and IT infrastructure solutions positioning us as one of the strongest offerings for large compliance-conscious organizations."
"The combination of BYTEGRID's highly compliant national portfolio of interconnected state-of-the-art data center facilities with Sidus' compliance credentials and consulting expertise creates an IT infrastructure services powerhouse and 'go to' provider for the most compliant cloud and hybrid IT infrastructure solutions in the markets that BYTEGRID serves," said Jason Silva, CEO of Sidus. "Our customers will benefit from BYTEGRID's ability to provide greater capacity and scale and we look forward to extending the highly compliant cloud platform to new industries and markets nationally."
DH Capital, LLC, an investment banking firm serving companies in the Internet infrastructure and communications sectors, served as exclusive financial advisor to BYTEGRID on the acquisition of Sidus BioData.
About Sidus BioData
Sidus BioData is the leading provider of compliant hosting solutions for the Life Sciences and Health IT industries. Sidus is committed to the highest level of quality in the management, security and integrity of regulated data. Sidus' robust offerings in Cloud Hosting, Compliance Services and Managed Hosting, provide a comprehensive solution for Life Science and Health IT organizations.
BYTEGRID is a proven leader with state-of-the-art data centers providing custom colocation for the most discriminating enterprise and government customers and hybrid colocation and cloud services solutions for customers that need end-to-end solutions. BYTEGRID is an owner/operator of highly secure, compliant data center properties and platforms. Featuring highly compliant and high density Tier III /IV data centers, BYTEGRID offers the most reliable, connected data centers to enterprises and government users that have unique needs and demanding compliance requirements. Trusted by some of the world's largest companies and government agencies across the country, BYTEGRID is committed to understanding customer needs and providing the highest level of products, solutions, and service. For more information, please visit www.BYTEGRID.com.