NetNation
Acquires Ontario Web Hosting Business; Deal Expands
NetNation's Leadership of Canadian Hosting Market
[January 7, 2004]
VANCOUVER, BRITISH COLUMBIA, Jan 7,
2004 (CCNMatthews via COMTEX) -- NetNation Communications
Inc., Canada's leading Web hosting company, today said
it has solidified its number-one status in 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 NetNation, which serves the former Cephren
customers from its Vancouver data center. NetNation
is a wholly-owned subsidiary of Hostway Corp., Chicago,
a global leader in Web hosting and other managed Internet
services. Both Hostway and Cephren are privately held
companies. Financial terms of the agreement were not
disclosed.
"We're pleased to have the opportunity
to serve Cephren's customers. They'll find NetNation
easy to work with and attentive to their needs,"
said Jag Gillan, general manager of NetNation. "Cephren's
customers and all others who choose NetNation will enjoy
the high level of service and support that have helped
make NetNation Canada's leader in Web hosting."
The acquisition immediately enables
all Cephren customers to use any of NetNation's and
Hostway'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 world.
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.
About NetNation
NetNation Communications Inc. is Canada's
top-ranked Web host and domain registrar with more than
six years experience in the industry, offering a wide
range of Web site hosting solutions, dedicated servers
and managed services. As a leading Web host, NetNation's
goal is to provide innovative solutions that satisfy
the evolving needs of organizations and individuals.
Through a combination of state-of-the art facilities
and the industry's best customer service and support,
NetNation delivers successful e-business solutions,
bringing innovation, creativity and a caring attitude
to all of its customers' business needs.
About Hostway
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 1-888-290-5170.
Hostway Corp.
Mina Arsala
(312) 238-0132
mina@hostway.com
or
NetNation Communications Inc.
Crystal Chiang
(604) 688-8946 ext. 127
crystal@netnation.com |
