
Secure-24
Secure-24 provides managed hosting, disaster recovery, and managed services for mission-critical IT applications of industry and government..
Date | Investors | Amount | Round |
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investor | €0.0 | round | |
N/A | Acquisition | ||
Total Funding | 000k |
Secure-24, founded in 2001 by Matthias Horch and Volker Straub, established itself as a provider of managed IT operations, application hosting, and cloud computing services. Headquartered in Southfield, Michigan, the company carved out a niche by managing complex IT landscapes and business-critical applications for a client base that included mid-market and Fortune 1000 organizations. Its clientele spanned a diverse range of sectors, including manufacturing, finance, healthcare, pharmaceuticals, government, and transportation. Before its acquisition, the company demonstrated consistent growth, recording 15 consecutive years of double-digit revenue increases.
The company's business model centered on providing comprehensive managed services for enterprise resource planning (ERP) applications and databases. Secure-24 was an SAP Certified Hosting and Cloud Provider and an Oracle Platinum Partner, specializing in hosting and managing complex applications such as Oracle E-Business Suite, PeopleSoft, JD Edwards, Hyperion, and SAP HANA. Revenue was generated by delivering these managed services, which leveraged proprietary, highly automated operational tools to ensure efficiency and high levels of service. This approach allowed clients to outsource the complex management of their critical IT infrastructure and applications, including disaster recovery and security services, from Secure-24's data centers in Michigan and Arizona.
In November 2017, NTT Communications announced its intention to acquire Secure-24, a deal that was finalized in April 2018. At the time of the acquisition, Secure-24 had approximately 600 employees and was led by CEO Mike Jennings. The acquisition was a strategic move for NTT to enhance its global managed services capabilities, particularly for enterprise applications like SAP and Oracle, and to meet the growing demand for hybrid IT environment management. Following the acquisition, Secure-24 was integrated into the NTT Ltd. Cloud division, combining its application management expertise with NTT's broader network, data center, and cloud services portfolio.
Keywords: managed IT services, application hosting, cloud computing, Oracle E-Business Suite, SAP hosting, PeopleSoft hosting, JD Edwards, Hyperion, managed database services, enterprise application management, IT outsourcing, disaster recovery, cloud security services, IT compliance, hybrid IT management, NTT Communications, data center services, Volker Straub, Matthias Horch, enterprise IT solutions