March 10, 2008 -- (WEB HOST INDUSTRY REVIEW) -- Web hosting provider Sitestar (sitestar.com) recently announced it has acquired the assets of Internet service and hosting provider Comcation. Sitestar is reportedly pursuing a number of similar acquisitions in 2008.
Level 1 PCI DSS Certified Service Provider! DataPipe delivers the best network & support; top tier data centers; New York metro, Silicon Valley, London, Hong Kong, Shanghai. DataPipe - Personal Touch, Global Reach.
The transaction is the first major acquistion since last November's landmark purchase of nearly 40,000 subscribers sold and marketed under the Nationwide Internet, InReach Internet and DFW Internet brands that were formerly held by Maryland-based MobilePro. The largest deal in Sitestar history, the acquistion is said to have doubled the company's revenue, as well as helped expand the company through additional customer acquisitions and develop new-growth initiatives in Web hosting services and voice over Internet protocol.
"Comcation's blend of access and hosting customers represents the ideal customer composition that Sitestar is targeting for acquisition," says Sitestar CEO Frank R. Erhartic, Jr. "Our strategy is to continue to leverage our economies of scale within the narrowband segment to generate revenue that will drive new growth in opportunistic market segments such as web hosting which, like dial-up, has strong profit margins but, also, the added benefit of customer 'stickiness.' We welcome the former Comcation customers to Sitestar and look forward to providing them with unparalleled service and support."
Headquartered in Lynchburg, Virginia, Sitestar says it offers business-grade Internet access, Web hosting and other Internet related products. The company says it offers multiple sites of operation and provides services to customers throughout the US and Canada.
