Washington – Zlago, a startup that sells various Web-based and cloud services such as hosted desktops, business applications and disaster recovery, said it has been acquired by New York-based Intermedia.
The deal, which came in conjunction with Intermedia’s recent acquisition by private equity firm Oak Hill Capital Partners, made Zlago founder Michael Gold the president of Intermedia.
Financial terms were not disclosed.
Phil Koen, the CEO of Intermedia, said the acquisition “will not only extend the level of cloud expertise within Intermedia, but it will also prove to be a catalyst for strategic growth within the Intermedia cloud services portfolio.”
Zlago operates services from four datacenters in the U.S. and U.K., bundling services into offerings such as “Doctors Office in the Cloud.”
Gold was previously the CEO of cloud services software firm Sphera, as well as a senior vice president at Parallels, CEO of Vicorp and senior vice president of Qwest Communications.
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