Jan, 2002 : Interland Acquires AT&T Small Business Hosting

📅 January 25, 2002 - Interland, Inc. (interland.com ), a provider of Web hostingservices to small and medium businesses, today announced it has acquired thesmall business-focused shared and dedicated Web hosting assets of AT&T(att.com), relating to AT&T Small Business Hosting Service and Business Ready Dedicated Hosting Service. The company estimates the total value ofthe deal will be between $4 million and $12 million.

The acquisition is the second announced by Interland in recent weeks,fulfilling the company's goals to accelerate growth through accountacquisitions as the Web hosting market consolidates.
"The acquisition of AT&T's small business hosting customers is a perfectstrategic fit for Interland," said Joel J. Kocher, Interland's chairman andCEO. "By being highly selective in our account acquisition strategy, we areleveraging our strong cash position to achieve greater scale and accelerateour drive to cash flow profitability."
"We believe customers will benefit, as well, from having the full attentionof a provider focused exclusively on meeting the needs of small and mediumbusinesses," said Kocher. "Because Interland is a leading provider of smallbusiness hosting services, our products, service and support are tailored tothe unique needs of these customers, with the objective of helping them growtheir businesses."
Integration of the customers into Interland's existing operations isexpected to begin immediately.
AT&T said that the sale in no way diminishes the company's commitment toserving its small business customers in other market segments or thecompany's continued focus on hosting services for AT&T's mid-size and largebusiness customers. AT&T also said that there would be no impact to AT&Temployees as a result of today's announcement.

Reads: 1967 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/att012502.cfm

Company: Interland

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