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SharedLabs, Inc.'s Funding Provides Fuel to Grow an Innovative Technology Services Company

 

Jacksonville, Florida (PRWEB) February 20, 2018

SharedLabs, Inc., one of Florida's fastest growing companies specializing in enterprise technology services, today announced that it has closed on a $15 million dollar asset based financing line with a new senior secured creditor. The line of credit will enable SharedLabs to reduce it’s current cost of capital, have access to more capital to operate the business, and fuel the aggressive growth plans for FY 2018 as well as the expansion of its fast growing Blockchain services business.

“As an industry we’re just scratching the surface of how powerful blockchain and automation technologies can be when combined with the benefits of cloud and big data technologies.” said SharedLabs Chief Executive Officer Jason Cory. “Having the financial resources now available to us as we expand, and domain expertise we have built in our large digital ecosystem, should help us execute our vision even more rapidly and broadly – as we continue to leverage the experience, perspective and relationships we have as a leading technology provider.”

 

About SharedLabs:

 

SharedLabs is a fast-growing, global technology company, with a broad range of software, digital, cloud, blockchain, AI, and security services offered to both commercial and government clients across many industry verticals including technology, digital media & entertainment, banking & insurance, payments, transportation, retail and ecommerce sectors.

A respected partner to many of the largest technology companies in the world, SharedLabs creates, supports, secures, transforms, and manages the software, infrastructure, and systems which drive today’s digital world.

With many brands in its portfolio, the SharedLabs brand was launched in 2016 to better convey the company’s approach of joint success with our customers.

 

 

 

SharedLabs acquires ExoIS

 

Jacksonville, FL and San Jose, CA — December 8, 2017 — SharedLabs, Inc. and ExoIS, Inc. on Friday announced they have completed a definitive agreement under which SharedLabs has acquired all of the stock of ExoIS  for an undisclosed sum.  ExoIS will continue to operate as a wholly-owned subsidiary of SharedLabs until full integration is completed. Integration is expected to be completed within the first quarter of 2018.  Jonathan Clark, Founder of ExoIS, will report to John Anderson, COO of SharedLabs, Inc. Jason Cory, CEO and Chairman of the board, fully supports this transaction.

 

ExoIS is a leader in building, running, monitoring, and maintaining Cloud solutions in Public, Private and Hybrid environments for companies in the most demanding industries, including banking and financial services, technology, retail, and fintech and payments. With deep expertise and well-defined solutions in IoT,  Cyber Security, Mobility, DevOps, and Cloud, the company also has specialized offerings for clients in the fabless semi-conductor, IoT, and digital media spaces. Each of the solutions the company offers are designed to deliver better deep business insights and reduce risks in operations.

 

SharedLabs CEO, Jason Cory, commented on the transaction saying, “The purchase of ExoIS  has expanded the portfolio of clients served by SharedLabs, while enriching our portfolio of offerings with new tools and techniques to build, support, and run private clouds and securely leverage appropriate publicly available Cloud services in a cost-effective manner. The purchase has also opened the door for expansion in new geographic areas where these services will prove very valuable, while allowing us to expand our wallet share in existing clients and win new clients in the markets we serve.”

 

"We believe that SharedLabs and ExoIS have complementary offerings which enable us to better serve our clients, while expanding into the more than 400 SharedLabs clients. By combing the rich development and dev ops capabilities of SharedLabs, and the Hybrid cloud, IoT, and Security solutions of ExoIS , we will be well-positioned to grow the business, while exceeding client expectations,” said ExoIS founder, Jonathan Clark.

 

 About ExoIS, Inc.

 

Headquartered in Silicon Valley, California, ExoIS has been providing onsite and remote support for various clients ranging from mid-sized to large commercial enterprise, for over 10 years. ExoIS began as a PCI QSA, then building a SAAS offering for the Compliance Market. The SAAS platform was spun out to create DataDivider, Inc., and ExoIS continues to focus on support & services for fabless semi-conductor companies and IOT organizations.

 

About SharedLabs, Inc.

 

Headquartered in Jacksonville, Florida, SharedLabs is a global technology company providing a broad range of software, digital, cloud, and security services to both commercial and government clients in many vertical technology, digital media & entertainment, banking & insurance, payments, retail and ecommerce sectors. A respected partner to many of the largest technology companies in the world, SharedLabs creates, supports, and manages the software, infrastructure, and ecommerce systems which drive today’s digital world. In 2016 the SharedLabs brand was launched to better convey the company’s approach of joint success with our clients.

We contracted with Shared Labs to consult with our CMS development team on usability and mobile functionality best practices. They were able to identify possible usability issues with our mobile CMS menu structure, redesigned the menu navigation and moved our mobile CMS 3.0 into production. - J. Widdows

— (software services company)

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