October 2, 2008 -- (WEB HOST INDUSTRY REVIEW) -- Web hosting provider and domain registrar Namecheap (namecheap.com) announced on Wednesday it has acquired web hosting provider PeopleHost (peoplehost.com). The financial terms of the deal were not disclosed in the press release.
The Melrose Park, Illinois-based PeopleHost has been providing hosting and domain registration services to the budget hosting market since 1999, managing over 2000 domains.
"We have acquired PeopleHost as part of our long-term hosting growth strategy," says Namecheap CEO Richard Kirkendal. "We identified them as a company that we can transform with our world class customer service and technical support. This experience will be entirely positive for all PeopleHost customers."
On the frontpage of the PeopleHost website, Namecheap Group CEO Richard Kirkendall and Hosting Services CVP Matthew Russell address the acquisition with this note:
"Effective immediately, Namecheap.com has acquired all assets and the customer base of PeopleHost. This is an exciting time for both Namecheap and PeopleHost as we look to improve and develop the services offered to PeopleHost customers... I would like to take this time to reassure you that we will not be increasing the price that you pay for your hosting account, nor will we be changing the service you can expect to receive. Our intention is to build and improve on the hosting service that you already receive."
The company says it will be "retaining the strengths that PeopleHost has whilst looking to improve certain areas of the business," citing the areas of customer service, service performance, and service expansion. The company also mentions it will be expanding its portfolio of services to PeopleHost customers to include VPS, reseller hosting and dedicated servers.
Namecheap, which entered the Web hosting market in 2007, has acquired a customer base of 11,000. Established in 2000 by Kirkendall, Namecheap offers web hosting for businesses, online stores, and blogs.
