Atomic Data Acquires Fellow Twin Cities IT Company
Minneapolis-based Atomic Data, a global IT services provider, announced Friday that it has acquired St. Paul-based DanburyIT for an undisclosed sum.
Atomic Data offers data storage through private cloud solutions, private enterprise IT networking, and 24/7 technical desk support. In addition to its Minneapolis headquarters and a data center in Edina, Atomic Data has data centers across the globe in Arizona, Georgia, Toronto, Hong Kong, and Madrid, Spain.
The DanburyIT acquisition closed in March and included DanburyIT’s existing client base, its assets, and its five full-time employees. Founded in 1995, DanburyIT (formally DataSolve) offers local networking, workstation, and help-desk support in the Twin Cities area.
“The merging of DanburyIT and Atomic Data creates an unprecedented line of services for small and medium businesses,” DanburyIT President and Founder Kelly Schaefbauer said in a statement. “It brings together world-class data centers, network monitoring, and service desk with a proven technology strategy for small business.”
Prior to the acquisition, Atomic Data was projecting 2013 revenue of $15 million, up from $12 million the previous year. With the addition of DanburyIT, whose 2012 revenue totaled $1 million, Atomic Data now expects its 2013 revenue to reach between $16 million and $18 million. Atomic Data has also been growing its work force: Its staff has increased from 47 in 2011 to 80 today, including the five employees gained through the DanburyIT acquisition.
“More and more, we’re seeing businesses shed their internal IT teams for an outsourced model,” Atomic Data CEO Jim Wolford said in a statement. “With internal IT resources struggling to keep up with changing technology trends, tight budgets, and 24/7 operations, Atomic Data is perfectly suited to step in and fill this growing need.”