📅 - Canadian Web hosting providers Hostopia (hostopia.com👉 Total Reviews: 5 🙌 Average Rating: 3 / 10 👍 Good Reviews: 1 👎 Bad Reviews: 4 👈 Official Responses: 0) and Radiant Communications (radiant.net👉 Total Reviews: 2 🙌 Average Rating: 2 / 10 👍 Good Reviews: 0 👎 Bad Reviews: 2 👈 Official Responses: 0 -> hostpapa.com) were recently named to PROFIT Magazine's PROFIT 100 list of Canada's fastest growing companies. Hostopia received the top spot in the rankings while Radiant was ranked number 27. The top 100 list was compiled on the basis of five-year revenue growth. Hostopia, with operations in Toronto, is a wholesaler of Web hosting and email services. "We're very proud to be number one on a list of very successful companies," says Franc Nemanic, president and founder of Hostopia. Vancouver-based Radiant is a provider of Internet access services and Web hosting. "At a time when many Internet-related businesses have faltered, we have successfully generated significant year-over-year revenue growth by listening to our customers and providing the services and support they need to satisfy their business objectives," says Jim Grey, president and CEO of Radiant Communications.
Reads: 1526 | Category: General | Source: TheWHIR : Web Host Industry Reviews URL source: http://www.thewhir.com/marketwatch/can061305.cfm
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Just less than a year ago, Hostopia itself was acquired by Deluxe Corporation for about $124 million Canadian.
According to the press release, the sale allows CI Host and Cassiopeia Internet to "focus on their managed, dedicated and colocation hosting for their mid and large market enterprise customers while ensuring improved services for the accounts to be acquired by X7 Hosting."
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📅 - Web Host Hostopia Acquired for $124M - Shortly after announcing a fairly significant acquisition of its own, private-label web hosting provider Hostopia (hostopia.com👉 Total Reviews: 5 🙌 Average Rating: 3 / 10 👍 Good Reviews: 1 👎 Bad Reviews: 4 👈 Official Responses: 0) reported this week that it had entered an agreement to be acquired by Deluxe Corporation (deluxe.com -> hostpapa.com). According to the announcement, Deluxe, which "helps financial institutions and small businesses better manage, promote, and grow their businesses," will acquire Hostopia in an all-cash deal that values the company at approximately $124 million Canadian.The merger agreement will see Deluxe pay $10.55 for each outstanding Hostopia common share.In July 2006, Hostopia filed its IPO, intending to raise approximately $40 million.
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