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Web Host Hostopia to Acquire uplinkearth |
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April 29, 2008 – (HOSTSEARCH.COM) – Web Host Hostopia will acquire New Jersey, USA-based hosting services provider, Luxmovera, LLC (a company that operates as uplinkearth (http://www.uplinkearth.com), it was reported last week. The offer of payment made in cash was accepted on April 25, 2008. Customers will continue to be served under the uplinkearth brand.
"We are very pleased to have concluded this agreement with uplinkearth. They have approximately 12,500 small business subscribers, which we feel are very compatible with the Hostopia web services platform,” explained CEO of Hostopia, Mr. Colin Campbell. “Our strategy will be to migrate all users and present them with many upgraded features and services. Over time, we will expect additional value-added services to be a logical upgrade path for many of these small businesses. Hostopia's main focus is private-labeled, wholesale outsourced web services that we sell to
Telco's and broadband providers. Acquisitions such as uplinkearth complement our organic growth plan by adding end-users to our unified platform and giving us revenue-per-user opportunities through the many additional value-added services we offer, such as fax-to-email and collaborative email with wireless mobility synchronization."
"My partners and I have built a very successful hosting services business over the years,” explained Mr. Michael Yablonowitz, President and Co-founder of Uplinkearth. “We are experiencing increased demand for new services from our customers which can drive opportunity for our business to grow. We decided the market timing was ideal to transfer our user base over to a highly capable provider in the hosting and SaaS arena - one who can deliver the high-demand services our users need. Hostopia's proven credentials and track record in migrating large numbers of hosted business customers made them the ideal choice as our chosen buyer. We think our users will eagerly respond to the many new upgrades and value-added services Hostopia plans to offer them." |
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