Ikano Obtains $26.5M Financing
April 13, 2006 — (WEB HOST INDUSTRY REVIEW) — Telecommunications financial service provider Daniels & Associates (danielsonline.com) announced this week that it had represented private-label Internet service provider IKANO (ikano.com) in securing $26.5 million in senior debt financing from D.B. Zwim & Co.
The company says it will use the capital to finance the acquisition of Los Angeles-based ISP DSLExtreme, and to refinance existing debt.
IKANO partners with ISPs to help reduce operating costs, increase revenue and expand geographic reach. The company also operates ISP.com, a platform for its end-user subscriber base.
Daniels assists clients in the cable, telecommunications, media and technology industries with mergers and acquisitions, private equity and debt financing and financial advisory engagements.
About theWHIR.com
Since 2000, The Web Host Industry Review has made a name for itself as the foremost authority of the Web hosting industry providing reliable, insightful and comprehensive news, interviews and resources to the hosting community. TheWHIR is an iNET Interactive property. For more information on iNET Interactive, visit http://www.inetinteractive.com
No related posts.
