Apr 14, 2008 : Web Host Sitestar Buys N2 The Net
📅 - Web hosting provider Sitestar (sitestar.com) announced on Monday it has acquired the Internet access customer base and assets of N2 The Net (n2thenet.com).
Sitestar has been actively pursuing acquisitions this year, having most recently purchased Internet service and hosting provider Comcation in late February. The company says in the press release that it anticipates this year to be one of "increased deal flow and growth in new, opportunistic market segments."
Founded in 1996, the Cookeville, Tennessee-based N2 The Net started as a dial-up Internet service provider and expanded over the years into a full service Internet solutions company. It offers Internet services, Web design, Web application development and Web hosting services.
"N2 The Net's narrowband and broadband customer base fits squarely into Sitestar's acquisition sweet-spot where our economies of scale and value-added service offerings enable us to generate stronger margins and retain customers longer than smaller ISPs can," says Frank R. Erhartic, Jr., CEO for Sitestar. "We are encouraged by our progress so far in 2008 and anticipate closing more opportunities by leveraging our increased cash flow to capitalize upon the current economic climate."
Meanwhile, N2 The Net customers will see a seamless transition and receive "outstanding service and support," says Erhartic. Customers will also have access to other services such as Surfboost Web Accelerator, advanced spam filtering, extremely reliable network uptime and extended support hours.
Headquartered in Lynchburg, Virginia, Sitestar provides consumer and business-grade Internet access, Web hosting and voice over Internet protocol services to customers throughout the US and Canada.
Sitestar has been actively pursuing acquisitions this year, having most recently purchased Internet service and hosting provider Comcation in late February. The company says in the press release that it anticipates this year to be one of "increased deal flow and growth in new, opportunistic market segments."
Founded in 1996, the Cookeville, Tennessee-based N2 The Net started as a dial-up Internet service provider and expanded over the years into a full service Internet solutions company. It offers Internet services, Web design, Web application development and Web hosting services.
"N2 The Net's narrowband and broadband customer base fits squarely into Sitestar's acquisition sweet-spot where our economies of scale and value-added service offerings enable us to generate stronger margins and retain customers longer than smaller ISPs can," says Frank R. Erhartic, Jr., CEO for Sitestar. "We are encouraged by our progress so far in 2008 and anticipate closing more opportunities by leveraging our increased cash flow to capitalize upon the current economic climate."
Meanwhile, N2 The Net customers will see a seamless transition and receive "outstanding service and support," says Erhartic. Customers will also have access to other services such as Surfboost Web Accelerator, advanced spam filtering, extremely reliable network uptime and extended support hours.
Headquartered in Lynchburg, Virginia, Sitestar provides consumer and business-grade Internet access, Web hosting and voice over Internet protocol services to customers throughout the US and Canada.
Reads: 2133 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/041408_Web_Host_Sitestar_Buys_N2_The_Net.cfm
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