VANCOUVER, March 18 /CNW/ - PEER 1 Network Enterprises, Inc. (TSX:PIX), operating as PEER 1 Hosting, today announced it has acquired Atlanta based VIA Net.Works USA, Inc., a privately held subsidiary of Clara.Net Holdings Ltd. in an all-cash transaction. Financial terms were not disclosed.
VIA Networks USA is a provider of primarily dedicated and managed hosting solutions built around the Microsoft platform for small and medium sized businesses. During calendar year 2009, VIA Networks USA generated approximately USD$2 million in revenue and an operating loss for the year.
"This acquisition adds to our growing dedicated and managed hosting customer base, provides VIA Network USA's customers access to enhanced network and hosting capabilities, and enables PEER 1 Hosting and Claranet to start partnering in areas of mutual benefit, with PEER 1 Hosting initially providing North American network services to select European customers of Claranet." said Fabio M. Banducci, CEO of PEER 1 Hosting. "By integrating the two companies operations, the transaction is expected to be accretive to PEER 1 Hosting's net income and EBITDA."
"As a leader in the hosting and network services market, PEER 1 Hosting was the logical choice to acquire VIA Networks USA," said Darin Elkins, Managing Director and President of VIA Networks USA. "The technological synergies and depth of their resources will allow our customers to benefit from a rich product portfolio, world class datacenters, and an expansive global network to enhance their business and technology capabilities."
"After a thorough investigation of potential buyers, PEER 1 Hosting's similar capabilities and business size to Claranet made it the most suited company to uphold the high service levels we provide our customers," said Charles Nasser, CEO of Claranet. "The increased demand by our European customers for US services has led us to look for a stronger North American based partner. Furthermore, through our cooperation with PEER 1 Hosting, we will have access to a much wider hosting and network infrastructure to enable us to better serve our European customers."
Claranet is a managed services provider with experience in providing IT services since 1996. We provide Network and Hosting services for our customers, enabling them to focus on their core business, not IT management.
The Claranet Group comprises 14 offices, 16 data centres and 550 staff. Our international MPLS core network enables high service levels across 6 European countries and the US. We operate 24-hour network operating centres covering all countries. Claranet is carrier-neutral with a proven track record in delivering services. Our customers include Airbus, Five TV, Amnesty International, DeVere Group, and WPA.
Claranet strives for excellence and is committed to delivering the highest quality products and services. Our ISO9001 accreditation, PCI-DSS certification, acceptance into the Telecom Networks Framework Agreement and Microsoft Gold Partner confirms Claranet's position as an expert leader in the IT industry. www.uk.clara.net
About PEER 1 Hosting
PEER 1 Hosting believes in the limitless opportunity of the Internet, and the business growth potential it provides for its more than 10,000 customers. As a global online business hosting provider, PEER 1 Hosting offers a reliable high performance Internet network supporting scalable Managed Hosting, Dedicated Hosting through the ServerBeach brand, and Colocation solutions. Backed by its 100 percent uptime guarantee and 24x7x365 FirstCall Support(TM), PEER 1 Hosting ensures customers' online presence is always fast, always available. Since 1999, PEER 1 Hosting has grown to include 16 state-of-the-art data centers and points-of-presence throughout North America and Europe. The company's headquarters are in Vancouver, Canada, with European operations headquartered in Southampton, UK. PEER 1 Hosting shares are traded on the TSX under the symbol PIX. For more information visit: http://www.peer1.com/.
SOURCE PEER 1 Network Enterprises, Inc.
For further information: For further information: For North American media inquiries please contact Marcela Peake at PEER 1 Hosting, (604) 909-6428, mpeake@PEER1.com; For European media inquiries, please contact Jessica Power at Champion Communications, +44-7268-3438, firstname.lastname@example.org; For investor inquiries please contact David Feick, Equicom Group, (403) 218-2839, email@example.com