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Annapolis cloud hosting company Sidus BioData acquired

Friday, March 20, 2015   (0 Comments)
Posted by: Megan Mann
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Baltimore Business Journal
Article by: Sarah Gantz 
Annapolis data hosting company Sidus BioData has been acquired by Virginia-based data center ByteGrid.
Under the deal Sidus will continue to operate under its own name and all 28 employees, including founder and CEO Jason Silva, will stay with the company. Financial terms of the deal were not disclosed.
ByteGrid has 800,000 square feet of data center space across the country, including a 214,000-square-foot data center in Silver Spring. The company has 60 employees and about 200 clients, primarily government contractors. Lockheed Martin is the company's largest local client.
Acquiring Sidus will allow ByteGrid to expand into medical data hosting and security, which ByteGrid CEO Kenneth Parent described as "a critical piece to the service mix we deliver as a company."
Sidus, founded in 1999, specializes in cloud data hosting and security for small medical and pharmaceutical companies. Biotech and pharmaceutical companies must meet data security regulations to obtain key product approvals from the U.S. Food and Drug Administration. The cost of data systems that include special protection for medical information can be prohibitive to small and startup biotech firms entering the market.

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