IO, a leading data centre services company, is separating into two independent companies: IO and BASELAYER.
While IO will continue to deliver its colocation and cloud services, the new company, BASELAYER, will comprise IO's visionary modular data centre hardware and data centre infrastructure management software, the company said in a statement.
The company expects to complete the separation in early 2015.
Seven years ago brothers George and William Slessman and business partner Anthony Wanger launched IO with a mission to transform the data centre industry. "IO has been on the leading edge of data centre technology, launching industry-changing services and products at a rapid clip. Our growth has exceeded our expectations-and given the breadth of our company's innovations-we have decided to split our product portfolio into two," said George Slessman, co-founder and chief executive officer at IO.
Today, IO is the second-largest private data centre company in the world. "We have built two strong, but distinct businesses," George Slessman added. "By separating the two, we create clarity of purpose to accelerate the growth of both companies. This decision introduces two market leaders - each with talent and resources directly focused on their core competencies."
William Slessman, co-founder and former chief technology officer of IO, will assume the role of chief executive officer at BASELAYER. George Slessman and Anthony Wanger will continue to lead IO in their current roles as chief executive officer and president, respectively. IO will continue to be headquartered in Phoenix.
BASELAYER, to be headquartered in Chandler, Ariz., will leverage the cutting-edge technology and loyal customer base that originated at IO.
"This strategic decision creates enormous potential for IO and BASELAYER. Both companies will be sharper and more competitive as leading, stand-alone businesses," William Slessman said. "The separation will allow BASELAYER to help customers realize the full value of their applications and tap into the potential of the Internet of Things."
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