📅 - Canadian Internet services wholesaler Tucows (tucowsinc.com) announced on Wednesday it has successfully completed its acquisition of Mailbank (mailbank.com), which does business under the name NetIdentity.
The transaction was worth approximately US$18 million, which Tucows paid in a combination of cash, promissory notes and the issue of approximately 3,603,000 shares of common stock to the stockholders of NetIdentity.
Based on Tucows' preliminary allocation of the purchase price, Tucows anticipates the acquisition will have a negative impact on GAAP earnings per share until 2008 but will be accretive to earnings before depreciation and amortization in 2006 and 2007.
As an accredited registrar with the Internet Corporation for Assigned Names and Numbers, Tucows provides Internet services and download libraries through a global distribution network of 6,000 service providers. This distribution network primarily consists of Web hosting companies, ISPs and other Internet related service companies.
Reads: 2073 | Category: General | Source: TheWHIR : Web Host Industry Reviews URL source: http://www.thewhir.com/marketwatch/062106_Web_Host_Tucows_Acquires_Mailbank.cfm Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
Other news
📅 - EMS-Cortex Expands Global Reach - Web hosting software provider EMS-Cortex (ems-cortex.com) announced on Friday that two service providers, DSLExtreme (dslextreme.com -> hostinger.com) and OfficeData (data.office.se), have chosen the Cortex platform to deliver managed IT services to their customers. Services include Microsoft Hosted Exchange, Citrix and Sharepoint targeted at small to medium sized businesses. DSL Extreme, an IKANO company, had outgrown its previous provisioning system's capabilities for offering more advanced services to its customers. It decided to switch to Cortex, which now provisions DSLExtreme's Microsoft Hosted Exchange email services, enabling rapid customer base growth. In addition, Stokholm, Sweden's Off
📅 - PayPal Deals with Security Flaw - E-commerce site PayPal (paypal.com) faced a security flaw on Friday as the Web site was exploited by fraudsters looking to steal credit card numbers and other personal information belonging to PayPal users, according to data from research and analysis firm Netcraft (netcraft.com). Netcraft says the scammers tricked users into accessing a URL hosted on the genuine PayPal site. The URL used SSL to encrypt information transmitted to and from the site and a valid 256-bit SSL certificate was presented to confirm that the site belonged to PayPal. When the victims went on the PayPal page, they were presented with a message that said, "Your account is currently disabled because we think i
📅 - Dotster Launches Local Site Promotion - Domain registrar and Web hosting provider Dotster (dotster.com👉 Total Reviews: 40 🙌 Average Rating: 2 / 10 👍 Good Reviews: 5 👎 Bad Reviews: 35 👈 Official Responses: 0) announced on Tuesday it has launched a new tool entitled Local Site Promotion, providing one source for small businesses and merchants to register their Web sites with all search engines and increase traffic from local consumers. Local Site Promotion enables businesses to target online consumers who are searching for products and services in specific geographic locations including metropolitan regions, cities and even specific neighborhoods. The tool features an intelligent keyword optimization tool that supplements a business' list of keywords with over 5,000 related words, based on the business classification and geog
📅 - 101SiteHosting Upgrades Plans - Web hosting provider 101SiteHosting (101sitehosting.com👉 Total Reviews: 5 🙌 Average Rating: 6.4 / 10 👍 Good Reviews: 3 👎 Bad Reviews: 2 👈 Official Responses: 0) announced on Wednesday it has doubled the disk space on all of its starter packages. "We're quite confident that the extra space will be appreciated by all who already use our full featured hosting offerings that are providing more value than anyone else is offering," says Gerry Bakker, 101SiteHosting's president. "When you couple this exceptional combination of package features and no nonsense, all inclusive, pricing you know you've got a great deal in performance Web hosting." The new extra disk space is available free with all starter plans to all new and existing customers.101SiteHosting's doma
📅 - Nine Systems Announces Appointments - Rich media publishing and delivery provider Nine Systems (ninesystems.com) announced on Wednesday it has made two key leadership appointments to its management team. The company has appointed Rob Green as senior vice president of business development and strategy, and John Walpuck as chief financial officer. As senior vice president of business development and strategy, Green will lead the company's business development and marketing activities, including identifying strategic business partnerships and expanding the company's channel programs. He has over 16 years of extensive experience in executive management, business development and sales management. Prior to joining N
📅 - IPOWER Offers Ruby On Rails - Web hosting provider IPOWER (ipower.com👉 Total Reviews: 71 🙌 Average Rating: 2 / 10 👍 Good Reviews: 6 👎 Bad Reviews: 65 👈 Official Responses: 0) announced on Thursday it now hosts sites using the Ruby On Rails (rubyonrails.org) Web site programming platform. Ruby on Rails is available to all IPOWER Web hosting customers with the IPOWER Pro Web hosting plan or higher. Ruby On Rails is the latest addition to IPOWER's expanding range of Web page program capabilities, which include such programs as PHP, Perl, Bash & Python. Ruby On Rails is a full-stack programming framework for developing database-driven Web site applications, such as collaboration software and e-commerce. It is well regarded for incorporating some of the greatest features from various older programmi
📅 - 
📅 - 
📅 -