Summit has acquired HorizonIQ, enhancing its managed IT services portfolio with expanded cloud and automation capabilities.

Target Information

Summit, a recognized leader in managed IT infrastructure, has announced its acquisition of HorizonIQ, a provider specializing in high-performance bare-metal and private cloud platforms. HorizonIQ has a legacy founded on the experiences of Internap and SingleHop, which adds substantial value to the acquisition. This merger will enhance Summit's capability to offer automated bare metal services alongside an expanded private cloud offering through VMware, Hyper-V, and Proxmox.

By integrating HorizonIQ's technology platform, Summit broadens its service portfolio, particularly in providing enhanced deployment flexibility for both enterprise and mid-market clients. This strategic acquisition not only adds nine data centers to Summit's existing infrastructure but also significantly increases its automated provisioning capabilities, enabling businesses to experience cloud-like agility with the performance typically associated with dedicated servers.

Industry Overview

The managed IT services industry has seen robust growth, particularly in the United States, as more organizations turn to cloud solutions to enhance operational efficiency and scalability. A