📅 - Bankrupt Internet company PSINet announced on Thursday that it has signed a share purchase agreement with a group of investors who have agreed to purchase PSINet's operations and facilities in Chile. The investment group is led by iLatin Holdings, and consists of a group of additional investors, including the Chilean businessman Jose Cox. PSINet says it expects the Chilean operations to continue to operate under the normal course of business, and provide reliable services to its customers. The company's operating subsidiaries in Latin America, including Chile, are not part or the company's filing under Chapter 11 of the US Bankruptcy Code. Earlier this month, the company announced that it had made arrangement to sell the rest of its Latin American operations to a group led by Cori Capital Partners, LP. At the time, PSINet said it was still looking for a buyer for its Chilean operations. The sale of the company's Chilean operations are still subject to a number of conditions, including approval under the US bankruptcy proceedings.
Reads: 1746 | Category: General | Source: TheWHIR : Web Host Industry Reviews URL source: http://www.thewhir.com/marketwatch/psinet614.cfm Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
Other news
📅 - Internap Broadens Service Quality Guarantee - Internap Network Services (Internap.com -> inap.com), a leading provider of intelligent routing services over the Internet, introduced a new service level guarantee to its customers on Wednesday that the company says is the broadest in the IP connectivity industry. The guarantee covers latency, packet loss and network availability to the Internet, and has been structured around Internap's premiere managed service offering designed to deliver performance-based routing over a broad array of backbones from many service points. Internap says the promise also includes new guarantees for installation intervals as well as the industry's first credits on problem resolution times.
📅 - Inflow Secures Position as San Diego's Leading Internet Data Center - On Tuesday, InFlow Inc. (inflow.com), a leading provider of Internet Data Centers and managed services, announced an impressive demonstration of demand for its San Diego data center. Since becoming operational in February 2000, the IDC has signed more than 35 customers. ?The demand for reliable Internet availability by e-commerce companies has increased significantly with the power crisis in California,? said Mike Marcoux, Inflow general manager in San Diego. ?Our customers rest easier knowing that Inflow is able to provide 100 percent uptime guarantee, uninterruptible power supply and backup power. What's more, first-class customer service, around-the-clock support
📅 - Gilian Technologies to Host Hacker Task Force - Gilian Technologies Inc. (gilian.com), a Web security leader, announced on Wednesday that it will host an executive teleconference to take place on June 22nd entitled ?Why Financial Institutions Are So Easy To Hack.? This effort, co-sponsored by Deutsche Bank, is intended to educate senior executives on the rapid increase in hacker sabotage particular to finance and banking organizations. Teaming up with security experts Dr. Avi Rubin of AT&T, Jeff Crume of IBM, and Marc McGovern of EDS, the forum will address the threats facing online financial institutions, the cost of security breaches, solutions, as well as up-to-date best practices for online security policy.
📅 - Virtuebroadcasting to Use Inktomi Broadcasting Software - Inktomi Corp. (inktomi.com), a developer of Internet infrastructure software, and Virtuebroadcasting Ltd., a European broadband streaming provider for media and corporate communications, announced on Thursday that they have formed an agreement in which Virtuebroadcasting will deploy an integrated suite of Inktomi media technology across its broadband network. The integration of the Internet broadcasting software is intended to help Virtuebroadcasting reliably broadcast and centrally manage live media content to consumers and business users through an architecture designed to scale as the business grows. Virtuebroadcasting will install Inktomi's MediaBridge softw
📅 - Oracle Unveils New Database Software - The Oracle9i database is the newest generation of the company's RDBMS (Regional Database Management System). Oracle claims a number of significant improvements with the release of 9i, including enhanced support for Java and XML, enhanced clustered database scalability with Oracle9i Real Application Clusters, and advancements in high- availability technology and security. Oracle9i will also provide infrastructure for developers wishing to create hosted applications with collaborative software. Oracle says that industry support for 9i has been strong, with more than 70 per cent of 300 firms who tested the database pledging to make available applications using the technology within the
📅 - NaviSite to Deliver Britney Spears, Aerosmith, Backstreet Boys to the Web - Web hosting company NaviSite Inc. (Navisite.com👉 Total Reviews: 1 🙌 Average Rating: 1 / 10 👍 Good Reviews: 0 👎 Bad Reviews: 1 👈 Official Responses: 0) announced yesterday it had been selected to stream the live Webcast of Clear Channel Communications' Wango Tango Concert, a music festival in California. The two-day event will feature Britney Spears, Ricky Martin, the Backstreet Boys, Jessica Simpson, Christina Aguilera, Aerosmith, the Bee Gees, and 15 other acts. The event will be held June 16 and 17, from 3pm PST to 11pm PST. The Webcast can be viewed at http://content.clearchannel.com/wangotango/.
📅 - 
📅 -