Montreal’s Radialpoint announced today that it has acquired Toronto-based Casero Inc. – the number one provider of online backup and media sharing solutions for Internet service providers (ISPs). Casero’s services allow ISPs to give subscribers an easier way to protect and share their files, pictures, videos and other online media.
“Completing the acquisition of Casero increases Radialpoint’s customer base to 20 leading ISPs worldwide and opens the door to more than 50 million subscribers for our end-to-end digital home services offering. Our addressable subscriber base now includes one in every three broadband connected homes in North America and Western Europe,” said Hamnett Hill, CEO, Radialpoint.
“Adding Casero’s offerings and customer base to Radialpoint’s portfolio reinforces our position as a clear leader in the broadband market with the security, data management and premium support solutions required to address the everyday consumer’s most common and frustrating IT challenges in the digital home.”
As part of the acquisition, Paul Atkinson, Casero’s CEO, will join Radialpoint’s board of directors. This is the second acquisition for Radialpoint since the beginning of the year – in January, Radialpoint announced its purchase of Boston-based support service provider HiWired Inc.
The acquisitions bring together three industry leaders in managed IT services and support for the digital home, with all solutions private-labeled and purpose built for ISPs and their subscribers.
Radialpoint has been named one of Canada’s 50 Best Managed Companies, one of Profit Magazine’s Top 100 companies, and a three-time recipient of the Deloitte Technology Fast 50 award recognizing Canada’s fastest growing technology companies. Not a bad list of awards.
Interesting side note – Akoha’s Austin Hill is the brother of Radialpoint CEO Hamnett Hill and son of Radialpoint’s Chairman of the Board Hammie Hill.