OnRamp, an Austin company that provides high security cloud hosting, announced Tuesday that it is being acquired by Des Moines-based data and IT company LightEdge.
Financial details weren't provided.
The deal comes after more than two decades of innovations, transitions and growth for OnRamp.
"Our two cultures and values are a great fit, which was important to us in making this decision."
The company, founded in 1994 by Chad Kissinger and now run by co-founders Lucas Braun and Ryan Robinson, was originally set up as an internet service provider. It opened its first data center in 2003 and started the long transition into becoming a high security hosting company.
One of the company's most pivotal moves came in 2014 when it opened a $10 million data center in Southeast Austin, which provides hosting for sensitive data from banks, hospitals and other companies. It also has another data center in Austin and one in Raleigh.
LightEdge, meanwhile, was founded in 1996, and it offers a range of data hosting, infrastructure-as-a-service plans and security. It has two data centers in Altoona, Iowa, that are near Facebook and Microsoft data centers, as well as a data center in Kansas City and one in Omaha. LightEdge has been owned by the Anschutz Corporation since 2008.
OnRamp CEO Lucase Braun said LightEdge is an innovative organization that will help the newly combined company become a top hosting provider.
“Our two cultures and values are a great fit, which was important to us in making this decision," he said in a news release.
It's not clear how much venture capital funding OnRamp has raised. In 2009, it reported raising $5.2 million in debt funding. But it has otherwise been pretty quiet about fundraising.
In 2015, Balance Point Capital Partners, a private equity firm, announced it had made an investment. It didn't say how much, but the firm says it typically invests $5 million to $20 million. Austin's Next Coast Ventures and San Francisco- and Boston-based Housatonic Partners also count OnRamp as a portfolio company.
