Wednesday, May 27, 2015

EvolveIP adds cloud-computing centers

Buys Paragrid

EvolveIP adds cloud-computing centers

EvolveIP, a Wayne-based company that hosts cloud computing, unified communications services (Internet-phone-data) and call-and-contact services, says it has bought a Cleveland-based cloud-computing firm, Paragrid, and its two data centers in Cleveland, adding a Midwest base to its existing East Coast and Las Vegas centers.

EvolveIP won't say what it's paying Paragrid's owners, who include chief executive Brian Berg, who will join EvolveIP . EvolveIP founding partner Guy Fardone told me the deal will boost employment from nearly 100 to 120. "We're growing so rapidly, we add a few every other month," he added. "We're retaining the Paragrid team and adding it to our Midwest region," which includes a Chicago office.

Fardone, chairman Tom Gravina and their partners started EvolveIP in 2007 after selling their previous company, ATX Communications. They sell their current menu of services through 200 "agent-partners" and their own direct sales force, targeting midsized companies (50 - 3,000 employees) and competing with Amazon and other big cloud-server providers.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano