A screen shot of ActiveHost's website
(WEB HOST INDUSTRY REVIEW) — Telecommunications provider CornerStone Telephone (www.cornerstonetelephone.com) announced on Thursday it has acquired Web hosting and data center provider ActiveHost (www.activehost.com), marking the telecom’s sixth acquisition to date.
The details of the acquisition were not disclosed. CornerStone says it will announce two more acquisitions as soon as next week, one of which will expand the company’s presence in the New York City area.
The telecom provider has more than 50,000 access lines which provide phone, Internet, VoIP, security, cloud computing, and business telephone systems throughout Eastern US, including New York, Massachusetts and Pennsylvania.
With the acquisition of ActiveHost, CornerStone expands its portfolio to include colocation, dedicated servers, virtual private servers and hosting services.
“Our customers are looking for a diverse set of products to run their businesses,” says CornerStone CEO Dan Yamin. “We are looking to target companies who will give us the ability to expand our geographic reach to customers in new markets, have a solid network infrastructure and have deployed similar leading edge technologies to support the services we deliver.”
These latest acquisitions will help grow the company’s revenue to $45 million in 2011, an $8 million to $9 million increase over last year.
The company says it plan to “rapidly” diversify its portfolio through these additional acquisitions.
Former ActiveHost president and CEO Alexander Finn has been named CornerStone’s executive director of data center services.
He said the company’s data center and hosting services will grow with Cornerstone’s sales and marketing efforts.
With the ActivieHost acquisition, CornerStone now has 103 employees based in its Syracuse, Oneonta, New York City, Poughkeepsie and Richmond, Massachusetts offices.
ActiveHost’s seven employees will relocate to either CornerStone’s Troy or Albany offices.
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