Web Host Hostopia Acquires Nexthaus

• By theWHIR.com , May 03, 2007

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May 3, 2007 -- (WEB HOST INDUSTRY REVIEW) -- Web hosting provider Hostopia (hostopia.com), today announced that it has acquired all of the software assets of mobile device software applications provider Nexthaus (nexthaus.com).

The acquired software uses wireless communications to synchronize data between computers and mobile devices, such as calendar and contact updates from a desktop to a smart phone. The information on a user's mobile phone is also automatically and remotely stored, enabling such information to be easily transferred to a new phone or recovered if lost.

"We plan to fully integrate these advanced mobile synchronization and back-up features with our existing wholesale email and Web service offerings, on a bundled and stand-alone basis," says Hostopia CEO Colin Campbell. "We also plan to license the technology to customers in new categories, such as managed email service providers and wireless carriers looking to enrich their product offerings with our mobile synchronization technology."

Hostopia acquired the software assets of Nexthaus in an all cash transaction of US$950,000 plus performance incentives and earn outs of up to $200,000, plus 15 percent of revenues received from the acquired assets for the next three years. Hostopia will hire key Nexthaus personnel to help integrate the technology and participate in its future development.

The company recently announced that it will discuss its financial results and performance for its fourth quarter and fiscal year-end 2007 through a Web cast, scheduled for release on May 7.

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