ILIV acquires assets of IT and cloud provider Venturian Group

MIAMI, USA: Intelligent Living Inc. has signed a Letter of Intent (LOI) to acquire the assets of Venturian Group, Inc., an enterprise Cloud and IT Solutions Architecture company. This strategic acquisition enables ILIV to continue its transformation into a 21st Century Health and Wellness Company.

Intelligent Living's CEO Victoria Rudman sai:"Venturian is the first of a few opportunities in the cloud and IT space that we have and will pursue. We have a broader plan to become an independent global technology company that can integrate our various offerings for our clients through our portfolio of services and technologies. We are all very excited about the synergies this deal brings to Intelligent Living and its immediate accretive earnings effect."

Miami-based Venturian Group, Inc. provides enterprise-class Private and Hybrid Cloud environments for mid-sized and large companies, managed IT services, and IT Consulting. The mainstay of the Venturian product line is a single, secure, highly available, policy-driven and managed integrated control point for governance, compliance and operations across Cloud systems and applications, empowering companies to focus on their business instead of their IT needs. Venturian counts among its customers some of the world's most prestigious enterprises in financial services, healthcare and other highly regulated industries.

The assets of Venturian Group, Inc. will be absorbed into a newly established subsidiary of Intelligent Living called Venturian Technologies Inc. with the current management of Venturian taking on the same roles within the new company. Venturian Technologies will continue its mission of providing Private Cloud and Solutions Architecture services to its current and new customers, while playing a critical role in the technology endeavors of ILIV.

The companies expect to close the transaction on March 31, 2014, subject to customary closing conditions. The exact terms were not disclosed at this time.