Hostmysite acquired by Wachovia Capital
June 03, 2008 12:18 PM Filed in:
Tech News
The following is from a press
release on Delaware-based Hostmysite.com's website. This information
was also sent to all Hostmysite customers. We host our website with
Hostmysite.com and we have recommended this company to our clients
in the past. We view this as a positive move and will continue to
recommend Hostmysite.com.
Newark, Delaware, June 3, 2008 - Wachovia Capital Partners (WCP) announced today that it has acquired HostMySite, Inc. . Terms of the acquisition were not disclosed. HostMySite.com is a leading hosting provider, delivering highly scalable hosting solutions including managed hosting, dedicated hosting, virtual private servers, and shared hosting. Wachovia Capital Partners partnered with experienced industry executives Art Zeile and Joel Daly earlier this year with a goal of acquiring and building a leading managed hosting company. With this acquisition, the executives will assume the roles of CEO and COO of the company.
Lou Honick and Neil Heuer founded HostMySite.com in 1997. With over 250 employees, 4,000 servers and state of the art datacenter facilities, the founders have built a highly successful business with a strong service culture. Following the transaction, Lou Honick will become the Chief Strategy Officer.
“With greater access to financial capital, HostMySite.com will continue as a leader in our industry. We believe that we have great prospects for growth and can further expand our reputation for quality of service, deep expertise, and solid execution,” said Mr. Honick. “We value the breadth of industry experience that Wachovia Capital Partners brings to the table having invested in hosting services companies for over a decade. We believe in this market and our opportunities are significantly enhanced with the backing of a strong financial partner."
Newark, Delaware, June 3, 2008 - Wachovia Capital Partners (WCP) announced today that it has acquired HostMySite, Inc. . Terms of the acquisition were not disclosed. HostMySite.com is a leading hosting provider, delivering highly scalable hosting solutions including managed hosting, dedicated hosting, virtual private servers, and shared hosting. Wachovia Capital Partners partnered with experienced industry executives Art Zeile and Joel Daly earlier this year with a goal of acquiring and building a leading managed hosting company. With this acquisition, the executives will assume the roles of CEO and COO of the company.
Lou Honick and Neil Heuer founded HostMySite.com in 1997. With over 250 employees, 4,000 servers and state of the art datacenter facilities, the founders have built a highly successful business with a strong service culture. Following the transaction, Lou Honick will become the Chief Strategy Officer.
“With greater access to financial capital, HostMySite.com will continue as a leader in our industry. We believe that we have great prospects for growth and can further expand our reputation for quality of service, deep expertise, and solid execution,” said Mr. Honick. “We value the breadth of industry experience that Wachovia Capital Partners brings to the table having invested in hosting services companies for over a decade. We believe in this market and our opportunities are significantly enhanced with the backing of a strong financial partner."