Aluf Holdings, Inc. Announces Closing Of Interaqt Corporation ("COLOTRAQ") Acquisition
Apr 30, 2019, 08:00 ET
HOLLYWOOD, Fla., April 30, 2019 /PRNewswire/ -- Aluf Holdings, Inc. ("AHIX") ("the Company") (OTC PINK: AHIX) today announced it has acquired privately-held Interaqt Corporation ("COLOTRAQ"), the premier global sourcing advisory and master agency services for colocation, managed hosting, cloud and related network services. Under the terms of the agreement, Interaqt ("COLOTRAQ") becomes a wholly-owned subsidiary of Aluf Holdings. Other terms of the transaction were not disclosed. This acquisition marks an enormous breakthrough milestone for Aluf and its stakeholders.
COLOTRAQ is the first and largest broker and master agency specializing in data center infrastructure (DCI) solutions with an unrivaled network of direct agreements with over 400 service providers across 140 countries and territories. Founded in 1999, COLOTRAQ has closed more than 3,000 deals representing over $100 million in annually recurring revenue for its vendor partners over the last 20 years. COLOTRAQ is the foremost global sourcing advisory firm of industry-first cloud-based software DCITRAQ. This proprietary solution allows clients, including Fortune 500 companies such as Amazon, IBM, E Bay, Panasonic, iTunes and government agencies such as U.S. Department of Homeland Security, U.S. Army and U.S. Department of the Interior, or their representatives, to easily source Cloud, Colocation and Connectivity, and Cybersecurity services worldwide.
"We are excited about this acquisition and the continued growth of the Aluf family of companies," says Teresa McWilliams, Aluf's Chief Financial Officer and Interim President/CEO. "COLOTRAQ is an amazing organization with a proven track record of providing high performance solutions and solid fundamentals for continued growth."
Aluf provided advisory services to its subsidiary with a goal of acquiring and expanding COLOTRAQ's business, which already boasts over 10 years of consistent profitability and an 11% average annual increase in gross revenues over the past five years. As a result, Aluf and COLOTRAQ will develop necessary marketing and due diligence materials to secure private investor capital in support of the continued growth and profitability of COLOTRAQ. Additionally, Aluf will continue providing ongoing support of the COLOTRAQ business growth initiatives, projecting an average annual increase in revenues in excess of 34% for the next five years.
Dany Bouchedid, Founder & CEO of COLOTRAQ, added: "We are elated about this bright new chapter and what it will mean for our stakeholders. Continuing to operate as COLOTRAQ with the same great team, coupled with access to the capital and resources we need to scale and expand, will allow us to better serve our clients and channel partners than ever before."
About Aluf Holdings, Inc.:
Aluf Holdings, Inc. is a publicly traded holding company whose core competency is to acquire, manage and propel "Next-Gen" technology companies into the future. Our core focus is the Biometric, Cybersecurity, Blockchain, and Software/Hardware verticals. For more information go to www.aluf.com
About COLOTRAQ:
COLOTRAQ is the foremost global sourcing advisory firm and master agency for colocation, managed hosting, cloud and related network services. Since 1999, COLOTRAQ has been helping find data center infrastructure solutions for businesses and institutions worldwide through its unrivaled network of over 400 service providers, 200 of which provide cloud services in over 1,300 cities across 140 countries and territories. Through DCITRAQ, its industry leading cloud-based software for sourcing Colocation, Cloud, Connectivity and Cybersecurity, COLOTRAQ can instantly source customer requirements from a single rack to thousands of square feet of Data Center space along with Managed Hosting, Cloud-based infrastructure, Cybersecurity and network services anywhere in the world. www.colotraq.com
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
Corporate Contact:
Aluf Holdings, Inc.
Teresa McWilliams, Interim President/CEO
Chief Financial Officer
866-793-1110
SOURCE Aluf Holdings, Inc.
