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March 18, 2005 -- (WEB HOST INDUSTRY REVIEW) -- Web hosting provider VIA NET.WORKS (vianetworks.com) said on Friday that it is working with PricewaterhouseCoopers in an attempt to obtain new financing to address what the company says is an "urgent" liquidity problem.
The company, with operations in Europe and the US, says it would like to find financing by the end of the month. VIA says that unanticipated revenue shortfalls in its current operations and new VIA Express business would leave the company with insufficient cash reserves by early next month. As an alternative option, the company says it is also pursuing the sale of all of parts of its business.
"We are pursuing all opportunities to optimize the value that is inherent in the VIA businesses. Many of our companies, including the Amen Group and most of the recently acquired PSINet Europe companies, are achieving significant success and are generating free cash from their operations," says Ray Walsh, chief executive officer of VIA NET.WORKS. "Many of our other companies are self-sustaining or neutral on a cash-flow basis. With an appropriate infusion of new cash to pay for additional cost reductions, we believe we could still achieve our goal of achieving positive cash flows from consolidated operations during 2005."
VIA, which generates approximately $100 million in annual revenue, acquired PSINet Europe last August. It acquired France-based web host Amen in January of 2004.
Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
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July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
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May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
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