February 21, 2005 — (WEB HOST INDUSTRY REVIEW) — Web hosting provider AIT Technologies (ait.com) is preparing to go public in 2006, according to reports in the Triangle Tech Journal.
As part of its IPO plans, the companyreportedly just closed a round of financing that netted $4 million.Clarence Briggs, CEO of AIT, said in reports that the money will beused to streamline operations, extend certain offerings and hireadditional staff. The company currently has approximately 140 employeesand generated a reported $30 million in revenue in 2004.
Briggs said the company would engage inanother round or two of debt financing and then take on an equitypartner before going public.
AIT, launched in 1996, is based in NorthCarolina. The company operates a 93,000 square-foot data centerfacility in Fayetteville, North Carolina that is well regarded for itsextremely high levels of physical security.
AIT has launched a number of aggressive intiatives in recent months. In January, it launched a “test drive” program, offering 30-day Web hosting trials. Back in December, the company began offering free domain registration with all its hosting accounts.
