Dallas, Texas – (The Hosting News) – May 10, 2006 – Dedicated hosting providers, Everyones Internet (EV1) and The Planet, have merged. According to the companies, the combined entity supports over 20,000 clients and 50,000 dedicated servers and will further develop both the EV1 and The Planet brands.
The combination of these two entities is believed to create the largest dedicated hosting provider in the market, which has the scope, scale and financial strength to deliver superior service levels and innovative product offerings to existing and new clients.
The merger between EV1 and The Planet follows controlling investments recently made in each by GI Partners, a leading private equity firm with deep experience in technology infrastructure.
Robert Marsh, Headsurfer and Founder of EV1 commented, ”The merger is exciting news for all stakeholders. It will be seamless from a client perspective and will result in a host of benefits for our clients.”
Peter Pathos, Founder of The Planet added, ”The opportunities created by this merger are extremely exciting, and we look forward to combining our resources for the benefit of our clients.”
Howard Park, Managing Director of GI Partners offered, ”We are very pleased to have this opportunity to invest in further building upon the strong foundations at EV1 and The Planet. Our aim is to provide the additional access to financial and other resources that will enable the combined company to continue growing profitably while further improving service levels, expanding product offerings, and enhancing the total client experience.”
With offices in Menlo Park and London, GI Partners is a leading private equity firm with $2 billion of capital under management. The firm invests in companies with recurring revenue and asset-intensive business models in North America and Western Europe.
The Planet delivers enterprise level hosting solutions with dedicated servers, co-location, Internet access, email and business continuance with advanced security, proactive monitoring, database administration, data storage, load balancing, and virtual private networks, all managed through OrbitSM, The Planet’s customer portal.
To learn more about GI Partners, please visit: www.gipartners.com.
For more information about The Planet, please visit: www.theplanet.com.