Jul, 2001 : Interliant Completes Sale of Hosting Division
📅 - Interliant, Inc. (interliant.com), a leading application service provider, today announced the completion of the sale of their Enterprise Resource Planning hosting and related consulting services business of Interliant Managed Application Solutions, Inc. to Interpath, an ASP.
Columbus, Ohio-based IMAS operates a hosting services business for outsourced human resources and finance solutions. As part of the transaction, Interpath has agreed to offer employment to substantially all of the employees of the IMAS ERP hosting business and will maintain operations in Columbus.
"The completion of the sale of the IMAS ERP hosting business represents an important milestone in our execution of the narrowed business strategy we announced in April, which includes exiting this line of business," said Bruce Graham, Interliant's chief executive officer. "Together with other actions we have implemented in the past several months, we believe the sale allows us to focus resources on our more mature solutions that provide a greater profit potential."
In its April restructuring announcement, Interliant stated it would exit certain business lines to focus on a set of four core offerings, including INIT Managed Messaging , INIT Managed Hosting, INIT Web Hosting (private label and retail), and INIT Security, plus associated professional services.
Columbus, Ohio-based IMAS operates a hosting services business for outsourced human resources and finance solutions. As part of the transaction, Interpath has agreed to offer employment to substantially all of the employees of the IMAS ERP hosting business and will maintain operations in Columbus.
"The completion of the sale of the IMAS ERP hosting business represents an important milestone in our execution of the narrowed business strategy we announced in April, which includes exiting this line of business," said Bruce Graham, Interliant's chief executive officer. "Together with other actions we have implemented in the past several months, we believe the sale allows us to focus resources on our more mature solutions that provide a greater profit potential."
In its April restructuring announcement, Interliant stated it would exit certain business lines to focus on a set of four core offerings, including INIT Managed Messaging , INIT Managed Hosting, INIT Web Hosting (private label and retail), and INIT Security, plus associated professional services.
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