45k user reviews & 1 million votes, over 29k web hosting brands & 85k plans since 2004!
X
Menu
WHTop → 📋 News → Loudcloud Stockholders Approve Sale to EDS
Aug, 2002 : Loudcloud Stockholders Approve Sale to EDS
📅 - Managed hosting company Loudcloud Inc. (Loudcloud.com), soon to exit the hosting business and be renamed Opsware Inc., announced on Monday that its stockholders have approved the previously announced sale of the company's managed services business to service provider EDS.
When the transaction is completed, says Loudcloud, the company will change its name to Opsware Inc. and continue the transition from managed service provider to its new enterprise software company, which will focus on licensing the company's Opsware IT automation software to enterprises, government agencies and service providers. The Opsware software, says the company, will simplify the lifecycle management of servers and applications. EDS will also license Opsware System 3 for its own use for $52 million over three years. "We are pleased with the stockholder endorsement of the transaction, and look forward to completing the deal with EDS ahead of our previously stated September target date," says Ben Horowitz, Loudcloud's CEO. "We look forward to starting off Opsware Inc. with the solid customer validation from EDS and other Fortune 500 enterprises, a two-year market lead in terms of development of our IT automation software, and a great opportunity ahead of us."
Reads: 2204 | Category: General | Source: TheWHIR : Web Host Industry Reviews URL source: http://www.thewhir.com/marketwatch/lou081202.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
Related news
📅 - Loudcloud Cuts Work Force - Loudcloud Inc. (loudcloud.com), a leading provider of managed services, announced on Tuesday that it had launched a series of initiatives designed to help the company reach the breakeven point with its cash flow using existing cash and available financial resources. According to Loudcloud, the program is the result of a review of every aspect of the company's operating and financial structure, including the benefits the company has seen from its proprietary Opsware automation software. Foremost among the restructuring moves is a reduction of 19% in the company's workforce. The elimination of 122 positions will result in a post-restructuring staff of 507 employee
📅 - Loudcloud to Power Atriax Foreign Exchange Portal - Loudcloud Inc. (loudcloud.com), a leading managed service provider, announced on Tuesday that Atriax (atriax.com), the premier electronic foreign exchange portal, has contracted Loudcloud to provide managed services to its transaction and information portal. Atriax will deliver an open marketplace for all corporate, institutional and banking foreign exchange professionals globally. An independent company backed by Citibank, Deutsche Bank, JP Morgan and Reuters, Atriax's growing membership already includes over sixty of the world's largest foreign exchange banks. On its website, Atriax provides market data and news from Reuters, a global leader in this field,
📅 - Univision Selects Loudcloud to Outsource Web Operations - Loudcloud Inc. (loudcloud.com), a leading managed services provider, today announced that Univision (univision.com), the largest Internet destination for the Spanish speaking community in the United States, has outsourced its Internet operations to Loudcloud. Univision.com will now be deployed, scaled, managed and monitored using the Loudcloud service, and its Opsware automation technology. Univision.com provides the Spanish speaking community with the up-to-date news and proprietary content from the Univision television properties. Univision.com experiences large spikes in traffic, driven by major news and television events. To more effectively handle the tra
📅 - Loudcloud Unveils Next Generation of Managed Services - Loudcloud, Inc. (loudcloud.com), a leading managed services provider, has unveiled its next generation of Internet operations services, giving enterprise companies a flexible set of options for outsourcing the day-to-day management of their Internet site with a high degree of control. Enterprise companies can choose among the different offerings in Loudcloud services to customize Loudcloud's outsourced solution to fit their technological and budgetary needs. The company says customers will continue to employ Loudcloud's Opsware automation technology and industry-leading processes while having the option to outsource any portion of their site to Loudcloud. In addition, L
📅 - Loudcloud Launches Expertise Services - Loudcloud Inc. (loudcloud.com), a leading managed service provider, yesterday announced the availability of its Expertise services, a flexible set of offerings developed in response to enterprise customers' need to evaluate, re-architect and migrate their Internet sites to state-of-the-art technologies. The Expertise services complement Loudcloud's next generation of Internet operations services, providing customers a new way to leverage Loudcloud's experience operating large-scale Internet operations. "Being able to tap into Loudcloud's collective knowledge and experience running major Internet operations greatly helped us design and architect an Internet site that is