NIWOT — A Virginia-based cloud company is acquiring 47Lining, a big-data company based in Niwot.
REAN Cloud is a managed-services provider and an Amazon Web Services premier partner. The goal of acquiring 47Lining is to have a stronger suite of big-data analytics, Internet of Things and machine learning. The acquisition will expand the Herndon, Va.-based company to Colorado’s tech hub and the West Coast.
While owning a building seems like something every successful business should do, that’s not always the case. For many companies, it makes more sense to continue leasing space, freeing up time and capital that can be better utilized in other ways.
47Lining will operate as a division of REAN Cloud, but will remain its own business unit in Niwot with its team intact. 47Lining’s former CEO, Mick Bass, will lead the business unit.
The two companies are not disclosing financial terms for the deal.