NEW YORK, Oct. 2, 2014 — Cohere Communications, LLC announced its acquisition of Another9, Inc., a Managed Services Provider offering Cloud Computing and Data Center Operations strategically located in Westchester County.
“We certainly have come a long way,” stated, Cohere Communications CEO, Steven Francesco. “In this acquisition, we not only saw a company with a shared focus, commitment, and expertise in addressing complex technologies, but more importantly, we identified the opportunity to better serve our clients.” The move is being fittingly described as the “perfect complement,” allowing clients to bundle services in a manner that can address their evolving challenges.
With over three decades of combined experience, the strategic decision to procure Another9 allows Cohere to offer clients broader support capabilities with an enhanced team of engineers — strengthening its commitment to customer service. The acquisition will also provide a remote site, disaster recovery real estate, including a highly secure, data center operation spanning beyond the New York City area.
Cohere with Another9 will continue building upon its best-in-class, Voice, Internet, a private network, and now, fully Managed Services. Being a single entity, Cohere/Another9 will offer the ability to manage all aspects of its customers’ communications and technology assets. New York-based, Praesidian Capital provided the funding and will be working alongside Cohere in reviewing future capital requirements.
Cohere’s ownership and management of Another9 is effective as of October 1, 2014.
ABOUT COHERE COMMUNICATIONS
Since 2004, Cohere Communications has continuously provided services to some of the most recognized corporate icons in the financial and media sectors. Cohere is headquartered in New York City and has an active presence throughout Canada, via its Toronto office. Employing a private IP network “fabric,” Cohere integrates the latest Cloud-Based technologies with diligent planning and design. Cohere maintains facilities in strategically located data centers throughout North America. Since its inception, the firm has been customer service-centric, enabling its clients’ to stay-a-step ahead of today’s competitive landscape.
Another9 assists corporations and organizations in advancing business uptime through specialist Infrastructure-as-a-Service (IaaS) and Disaster Recovery-as-a-Service (DRaaS) services. Our Cloud Service Platform properly addresses and conforms to two vital requirements; compliance and security, and is used by a cross-section of business verticals. Our clients include commercial banks, hedge funds, and private equity partnerships, insurance companies, legal firms, utilities, healthcare, consumer products, B2B commerce, as well as public sector bodies and non-profit organizations. In a nutshell, people who need secure, always accessible, resilient cloud services.
ABOUT PRAESIDIAN CAPITAL
Praesidian Capital is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States. Praesidian Capital was established in 2002 to manage dedicated funds on behalf of leading global financial institutions and ultrahigh net worth individuals. Their investments generally range in size from $5 million to $20 million.