Anexio, a large-scale Infrastructure-as-a-Service (Iaas) solutions provider, has acquired the assets of Net Data Centers.

Net Data Centers is a privately held Los Angeles company that offers enterprise-grade cloud and data centre solutions for businesses around the world.

The new deal brings Anexio’s acquisitions to a total of five in the last four years, marking a period of expansion that has seen a compounded annual growth rate of 127% since 2015.

The company states that the purchase of Net Data Centers is ‘immediately accretive and cash flow positive to the company’s bottom line.’

Anexio’s growth is visible in terms of its business and technology holdings as well as in purely financial terms.

The company, which aims to help customers transition from legacy IT systems to the hybrid cloud, is expected to see several benefits. The transaction will add three megawatts of critical data centre power capacity to its locker, as well as giving it two more Los Angeles facilities, and increasing its customer base to nearly 200. It will also boost the company’s ‘LightSpeed’ network density by adding more than 100 interconnections.

Anexio president and CEO, Tony Pompliano, welcomed Net Data Centers customers, saying: ‘On behalf of every Anexio employee, we say welcome aboard to all Net Data Centers customers, partners and employees. You have my promise that we will do everything possible to make your transition from Net Data Centers to Anexio very simple and very smooth.’

This is not the first time Anexio has bought up Net Data Centers assets, after it saved the struggling company from bankruptcy in 2015 by purchasing its east coast assets for an undisclosed sum.

Anexio, founded in 1996 anchors the company’s mission critical infrastructure strategy against eight Tier III SOC-2 certified data centres, an IT solutions centre and a nationwide IP network.