April 29, 2008 - Hostopia signs acquisition agreement with uplinkearth
Web hosting company Hostopia, will sign a definitive agreement to purchase the customer assets of New Jersey-based hosting services provider, Luxmovera, LLC's uplinkearth.
Uplinkearth accepted the all-cash offer last week. The companies plan to migrate all users of record from uplinkearth's data center facility to Hostopia's unified web services platform by June 30, 2008. The companies indicated that all users shall continue to be served under the familiar brand of uplinkearth, which will operate as a managed service by Hostopia.
"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. 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", said Colin Campbell, CEO of Hostopia.
He added that 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."