London, United Kingdom – (The Hosting News) – October 3, 2006 – Managed hosting provider and network services company, Globix Corporation, intends to sell its interests in its United States hosting business to Quality Technology Services (Quality), for a cash purchase price of $20,000,000.
The transaction is expected to close in approximately one month and is subject to customary terms and closing conditions. The net proceeds of the transaction will be used by Globix to pay down indebtedness and for other corporate purposes. According to Quality Technology Services, the company is one of the nation’s largest privately held hosting and managed services companies which has been aggressively expanding its national footprint and is excited to add the outstanding Globix U.S. Hosting products and services to the Quality portfolio.
Chad Williams, Chairman and CEO of Quality explained, ”The addition of the Globix U.S. Hosting business is in line with our strategy and is one step towards achieving our goal to be the premier provider of managed services and data center facilities in the country. The New York and California areas are key pillars in that strategy.”
Mark Waddington, President of Quality Technology Services added, ”We are looking forward to providing the best possible services to our combined customer base by leveraging the exceptional resources from both organizations. To enhance the services offered to our customers, we have also announced today the addition of a 960,000-square-foot facility in Atlanta that will be one of the largest data centers in the country.” Quality will also announce a New York area facility in the coming days.
The addition of the Globix transaction and new Atlanta location to the current 376,000-square-foot Atlanta facility, places the Quality portfolio at more than 1.5 million square feet, making Quality one of the largest privately held providers in the nation according to the company.
Ted Lodge, Chairman of the Board of Directors and Executive Chairman of Globix remarked, ”The agreement announced today represents a significant milestone in Globix’ review of strategic alternatives. In Quality, we believe we have found an excellent partner for our U.S. hosting customers and employees. The transaction also allows us to focus exclusively on our NEON network business.”
Globix UK is a managed hosting and security services provider, offering a one-stop outsourcing shop for businesses looking to reduce the cost, complexity and risk associated with managing complex web infrastructures. According to the company, it is currently the only data centre in the U.K. to have Payment Card Industry Data Security Standard (PCI DSS) accreditation. Its portfolio of products and services includes: infrastructure (colocation, business continuity, networks); managed hosting and security (server admin., IDS, DDoS); application management (databases, custom code, web servers) and media services (streaming); supported around the clock by a team of highly experienced consultants and engineers.
The Globix Managed Hosting basic configuration includes a server, firewall, operating system configuration and installation, server hardening, patch services and backup and monitoring services. HP is the server technology backbone of the Globix Managed Hosting Service. Globix Corporation provides Internet infrastructure and network services, featuring a comprehensive suite from network bandwidth, to the management of web applications, servers, and databases, to security, media streaming, and colocation. Globix and its subsidiaries have operations in New York, NY, Westborough, MA, London, UK, Santa Clara, CA, and Fairfield, NJ.
For more information Globix Corporation, please visit: www.globix.com.