Sphere 3D Corp. (NasdaqGM:ANY) signed a definitive agreement to acquire remaining 80.9% of HVE ConneXions, LLC and 80.9% of Unified ConneXions, Inc. for $1.8 million on January 19, 2017. As part of the consideration, Sphere 3D Corp. (NasdaqCM:ANY) would pay $1.1 million in cash and issue, 2,205,883 common shares. The combined Sphere 3D and UCX teams will focus on expediting the migration of applications and their associated data to a modernized IT infrastructure for its customers, as well as empower workload mobility across their virtual and cloud environments, while continuing to provide expert and professional IT services. Joseph L. O’Daniel, President and Chief Executive Officer of Unified ConneXions, will take on the new role of President of Virtualization and Professional Services for Sphere 3D. Chris Cunningham, Vice President and Chief Financial Officer of Unified ConneXions, will take on the new role of Senior Vice President of business operations and professional services. David Harmon, President of HVE, will become Vice President of Virtualization. In addition to the aforementioned new virtualization team, the company has moved to optimize the focus of the storage team and is pleased to announce that Randy Gast, current Chief Operating Officer of Sphere 3D, will take on the additional new role of President of Storage for Sphere 3D. The combined virtualization revenue of HVE and Unified ConneXions represented over $7 million for calendar year 2016. The acquisition is subject to customary closing conditions and is anticipated to close before January 31, 2017. The transaction is expected to be accretive in first quarter of 2017.