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October 5, 2001 — (WEB HOST INDUSTRY REVIEW) — Verado Holdings, Inc. (verado.com), yesterday announced it has sold its shared Web hosting business to Denver-based Huge Hosting (hugehosting.com). Terms of the sale were not disclosed.
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The sale is Verado’s final step toward focusing on its core business of providing enterprises with managed and professional services.
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The transaction brings Huge Hosting an additional 50,000 Web sites to host and is expected to boost Huge Hosting revenues by 800 percent. Huge Hosting will co-locate its equipment in Verado’s data centers.
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“The sale of Verado’s shared Web hosting business substantially completes the company’s commitment to the divestment of its non-data center lines of businesses. Verado is now completely dedicated to providing enterprises with secure managed and professional services. We are pleased to have Huge Hosting as a new customer,” says Tom McGrath, president and CEO of Verado.
