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The Hyperx company announced today that it has entered into a $7.6 million Series B agreement to acquire two companies that it believes will “provide a strong competitive edge” to Dominion, the hyper-local and enterprise software that Dominion builds for its customers.
The deal includes two Hyperx cloud hosting companies, HyperX Cloud and HyperX SaaS, which are owned by HyperX.
Dominion Cloud is a new cloud service that provides Hyperx’s Cloud Service Framework, which is used by Dominion for its customer service.
HyperX is also building Dominion Enterprise, a new enterprise cloud service, and will use Dominion’s Enterprise SDK for Dominion apps and services.
HyperX Cloud has been in business since 2016 and has more than 1,500 employees and has a total of more than $100 million in revenue.
Domination Cloud, founded in 2013, was the third largest provider of hyper-federal, local, and enterprise-level cloud services in the United States, according to its website.
The acquisition will help Dominion further build out its services and products for customers, Hyperx said in a statement.
Dominion is a cloud platform that is the “next generation of cloud computing,” and is used in a number of industries, including healthcare, banking, and government, according the company.
Hyperx is a leader in enterprise cloud infrastructure solutions, including Dominion.
In a press release, Dominion CEO and founder, Scott Jansen, said that the acquisition “will help Domination continue to grow and grow at the rate it is doing.”
Hyperx, the company that owns Dominion and Hyperx Cloud, was founded in 2005 and has offices in Seattle and New York City.
The two companies have been building a network of cloud solutions and tools for customers since 2014, Jansen said.
“Today’s acquisition will allow Dominion to continue to build the company’s robust network of products, technologies, and cloud services,” Jansen added.
Hyperxx, which was founded by Jansen and his wife, Caitlin, will continue to operate as a standalone company and continue to develop and sell its services.
The company has also created a new Dominion enterprise app, Domination Enterprise, which will help companies build new and existing Dominion-based applications.
Domion Cloud was acquired by Hyperx for $7 million in 2019, and Hyperxx is expected to sell for about $1.5 billion.
Hyperx and Dominion were recently in talks for a possible merger.
Hyper X was in talks to acquire Hyperxx earlier this year.