Shaw's ViaWest to acquire PE-backed INetU for $162.5 mln

ViaWest Inc, a subsidiary of Shaw Communications Inc, this month agreed to buy INetU Inc, a managed hosting and cloud services provider headquartered in Allentown, Pennsylvania. The purchase price of US$162.5 million will be paid to U.S. private equity firm BV Investment Partners and other shareholders. INetU was recapitalized by BV Investment Partners in late 2012. ViaWest said the deal advances its offerings and strengthens its position as a hybrid information technology solutions provider. Shaw is a Canadian communications and media company.

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