Oct, 2001 : Verado to Sell Shared Hosting Business to Huge Hosting

📅 October 5, 2001 - Verado Holdings, Inc. (verado.com), yesterday announced it has sold its shared Web hosting business to Denver-based Huge Hosting (hugehosting.com). Terms of the sale were not disclosed.

The sale is Verado's final step toward focusing on its core business of providing enterprises with managed and professional services.
The transaction brings Huge Hosting an additional 50,000 Web sites to host and is expected to boost Huge Hosting revenues by 800 percent. Huge Hosting will co-locate its equipment in Verado's data centers.
"The sale of Verado's shared Web hosting business substantially completes the company's commitment to the divestment of its non-data center lines of businesses. Verado is now completely dedicated to providing enterprises with secure managed and professional services. We are pleased to have Huge Hosting as a new customer," says Tom McGrath, president and CEO of Verado.

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URL source: http://www.thewhir.com/marketwatch/verado105.cfm
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