Deal Secures Hostway’s Leadership of Canadian Hosting Market
CHICAGO–(BUSINESS WIRE)–Jan. 7, 2004–Hostway Corp., a global leader in Web
hosting and managed Internet services, today said it has solidified its
leadership of the Canadian hosting market by acquiring the customer base of
Cephren Hosting, a division of Cephren Communications, Brampton, ON.
As a result of the agreement, Cephren exits the hosting business and transfers
its hosting customers to Hostway’s Canadian subsidiary, NetNation
Communications, Vancouver, BC, which serves the former Cephren customers from
its Vancouver data center. Financial terms of the agreement were not disclosed.
Both Hostway and Cephren are privately held companies.
“The Web hosting market is highly fragmented,” said Lucas Roh, Founder,
President and CEO of Chicago based Hostway Corporation. “We believe there is
considerable potential in this marketplace for efficient companies that can
manage the technology, profitably serve customers and continue to innovate.”
“Consumers and business customers want quality solutions at a good value. They
don’t want to hassle with back office technology, they simply want results,”
added Roh. “Our acquisition of Cephren is another step toward our goal of
building a global managed technology services organization that can meet the
needs of our customers anywhere in the world.”
Hostway has compiled a successful record of integrating acquired companies
smoothly and delivering superior service to customers of the acquired companies.
In addition to NetNation, which it acquired in 2003, Hostway’s recent
acquisitions have included GlobalHost, Sydney, Australia; Iarna, London, UK; and
Neutelligent, Tampa, Fla.
Hostway said Cephren’s customers will receive superior value and customer
support from NetNation, Canada’s leading provider of Internet hosting services.
The acquisition immediately enables all Cephren customers to use any of
Hostway’s and NetNation’s services, including shared and dedicated Web hosting
and various other managed Internet services. Cephren customers also will benefit
from the global network of hosting centers that Hostway operates around the
Cephren said the transaction enables the company to focus on its core business
of construction. Cephren is a leading builder of technology data centers and
office complexes in Canada.
Hostway Corporation provides Web hosting and managed technology services to more
than 300,000 customers worldwide. Hostway helps individuals, small businesses
and large enterprises achieve more value from state-of-the-art Web-based
technologies by reducing their complexity and cost. Founded in 1998, Hostway is
one of the five largest Web hosting companies in the world with offices in the
Americas (Chicago, Tampa and Vancouver), Europe (London and Amsterdam) and Asia
(Seoul and Sydney). For more information about Hostway Corporation, please visit
www.hostway.com or call