Real Estate Developer To Buy AptHost

• By theWHIR.com , October 16, 2008

•   Digg
    Delicious
    Reddit
    Newsvine
    Stumbleupon
    Twitter
  Facebook

  (close)

  From:

  To:

  (close)
  Share | Send | Print | Comments (0)

By David Hamilton, theWHIR.com

October 15, 2008 -- (WEB HOST INDUSTRY REVIEW) -- Diversified development company Rancho Santa Monica Developments (http://www.rsdv.net/) has reached a tentative agreement to acquire social media host AptHost.com Communications USA (www.apthost.com).

According to AptHost.com's Wednesday announcement, RSMD has submitted a letter of intent disclosing the terms of the agreement, which were not announced publicly. Based in Madera, California, RSMD has real estate developments in Tulum, Mexico; Chilliwack, British Columbia; and Monroe, Michigan. This acquisition is a strategic addition to RSMD business, extending its portfolio to the web hosting and technology industry.

While RSMD is new to the hosting industry, it is not necessarily an unusual pairing, considering that real estate firms have been making deals with data center developers for years.

Founded in 2001 as a Linux-based web host, AptHost.com now offers comprehensive hosting services including its specialty of delivering on-demand video, allowing scripts such as PHPmotion and Clip-Share, providing service similar to YouTube.

"This is an exciting milestone for our company, and we look forward in scaling our growth with Rancho Santa Monica Developments," AptHost.com president and founder Brian French said in a statement. "With Rancho Santa Monica Developments we intend to build on top our incredible growth in the industry which we can attribute to our specialty hosting. Rancho Santa Monica Developments expertise and knowledge make it an ideal partner for AptHost.com."

AptHost.com claims to have been the first to introduce FFmpeg hosting in the shared hosting market. Listed on the Nasdaq stock exchange, RSMD intends to raise capital to enhance AptHost.com's advertising and fund development of industry leading technologies to support its FFmpeg-powered Social Media websites.

"With social media and video sharing taking the Internet by storm, I would expect to see dramatic growth in the coming years," French said. "Companies such as CBS Networks, FOX, and NBC have just begun to offer full programming such as the new 90210 series on Youtube and other media sites; the trends are changing quickly and the demand for high quality and fast video hosting for the masses is increasing dramatically. Media sites will soon own a large percentage of the programming markets."

• Print | Comments (0)

OLDER:  PEER 1 Offers Absolute Monitoring

|

NEWER:  OpenXchange Goes Massively Mobile

• (0) Comments
• View Post