Summit has acquired HorizonIQ to enhance its cloud and data center capabilities, integrating innovative automation solutions into its portfolio.

Information on the Target

Summit, a prominent player in managed IT infrastructure, has announced its acquisition of HorizonIQ, an innovative provider specializing in high-performance bare-metal and private cloud platforms. HorizonIQ, with a notable legacy stemming from Internap and SingleHop, enhances Summit's portfolio by integrating automation-driven provisioning capabilities, facilitating businesses to harness the power of bare metal while enjoying the efficiency and simplicity associated with cloud solutions.

This acquisition not only enhances Summit’s service offerings but also adds nine data centers and expanded capabilities across VMware, Hyper-V, and Proxmox, thereby improving deployment flexibility for both enterprise and mid-market clients.

Industry Overview in the Target’s Specific Country

The data center and cloud services industry in the United States has been experiencing significant growth, driven by a surge in demand for robust IT infrastructure and services. As businesses increasingly migrate to cloud solutions, the need for sca