Markham, Ontario-based Canadian managed services marketing firm Momentum Advanced Solutions, Inc. announced yesterday it would be acquiring the IT hosting division of BroadSpire.  Located in Los Angeles, California and founded in 1997, BroadSpire offers web hosting and a range of other related services.  It also has developed a successful managed services marketing strategy called Web ecosystem marketing.

Momentum bought the division for a before-transaction price of $2.66 million.  Experts expect the acquisition will bring Momentum an extra $1.50 million per year thanks to its improved managed services marketing strategies.

Momentum has been around for 25 years and has experience in enterprise-level managed hoisting.  In the last year, the company added services for small and medium-sized businesses.  The company hopes that by adding to its range of services and its new managed services marketing strategies it will be able to continue to provide excellent services to customers who will also receive expanded benefits.

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Submitted By:  Joshua Feinberg