MobilePro Corp. announced today the company has closed its acquisition of Web One, Inc., a Kansas City, Missouri-based Internet service and web-hosting provider with operations in Missouri and Kansas. The deal is forecast to add more than 12,000 subscribers, $2 million in annualized revenue and an estimated one-fifth of a cent per share to MobilePro’s annualized pre- tax earnings. The terms of the transaction were not disclosed.
Jay Wright, MobilePro president and CEO, said, “Web One represents a further expansion by MobilePro into the Kansas City market. Web One is, in our view, an exceptionally well-run ISP that we are pleased to welcome to the MobilePro family. We are looking forward to continuing Web One’s tradition of superior customer service to over 12,000 Missouri and Kansas customers, as well as expanding into neighboring states over time. Given our other acquisitions in the Kansas City area, we will be able to begin delivering a bundled set of services, value and local support that few other carriers can offer today.”
Jeff McMurphy, CEO of Web One, said, “I am excited that our customers will receive access to MobilePro’s variety of service offerings. Their recently announced voice strategy and list of ISP, Competitive Local Exchange Carriers (CLEC) and long distance acquisitions will provide a ‘one-stop shop’ that PlanetKC has wanted to offer for the past several years. I am confident that MobilePro will continue the superior customer service PlanetKC is famous for. I think that MobilePro’s growth and business strategy is a great opportunity for our shareholders to maximize their return on their investment and will provide the Kansas City community a good partner for many years to come as it looks to expand.”
More about Web Page Hosting