iWeb Adds ex-Rackspace CFO to Board, Getting Ready For Cloud

MONTREAL, Feb. 20, 2012 /CNW Telbec/ - iWeb has confirmed that Bruce Knooihuizen, until recently Chief Financial Officer of Rackspace, has joined its Board of Directors.

"We are very happy with the addition of Bruce Knooihuizen to our Board of Directors, his experience in building some of the most successful and profitable cloud and telecom infrastructures will add depth to an already strong management team," says Eric Chouinard, iWeb's CEO and co-Founder. "Just as importantly, Bruce shares our values and our vision for the future of the industry. He understands what we are building, here at iWeb, and has decided to get involved at a pivotal time."

iWeb will announce an important Cloud Infrastructure Service offering in the spring of 2012.

A veteran of the telecommunications Industry since 1980, Bruce was named CFO of Rackspace in 2008, and played a key role in taking the Company public on the New York Stock Exchange (NYSE: RAX) later that year, in what was the biggest IPO in the history of Internet Hosting Industry. At the time of his departure, Rackspace had seen its value grow to nearly $4.9 Billion USD. Prior to that, Bruce had overseen the growth of Dobson Communications Corporation, in Oklahoma City. Valued at nearly $5 Billion USD at the time of its sale to AT&T, Dobson's revenues had grown from $34 million to a $1.4 Billion.

"Understandably, we're thrilled to be able to count on Bruce's experience, knowledge and intuition!" summarizes iWeb's enthusiastic CEO.

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About iWeb.com

iWeb is one of the largest providers of dedicated server hosting and server management in Canada. Serving more than 20,000 customers in 150 countries, iWeb is recognized internationally for high quality infrastructure and competitive pricing. Based in Montreal, iWeb's operations include a head office on Nun's Island and four data centres encompassing 90,000 square feet of latest-generation technology.

SOURCE IWEB GROUP INC.

For further information:

Bernard Dahl
Media Relations / Public Relations
514-762-6468
bernard@presentis.ca

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IWEB GROUP INC.

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