Soonr, the US-based cloud storage service backed by semiconductor company Intel, conglomerate Sumitomo and network equipment maker Cisco, agreed on Wednesday to be acquired by IT business management platform Autotask.
The price set to be paid by Autotask was not disclosed. Founded in 2005, Soonr offers a cloud-based storage and collaboration service aimed at small and medium-sized enterprises.
The platform will be renamed Autotask File Sharing and Synchronisation, but will continue to operate normally for all existing customers.
Soonr had raised $23m in funding. HighBar Ventures led a $4.5m series D round for Soonr in 2010 which included Intel Capital and Presidio Ventures, respective investment subsidiaries of Intel and Sumitomo, as well as Cisco and Clearstone Venture Partners.
Intel first invested in Soonr as part of a $6m series A round in 2006 led by Clearstone, while Cisco provided $9.5m in series B funding for the company in 2008. Cisco and Intel then combined for a $3m round the following year.