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Gabriel Murphy Discusses Aplus Buy web hosting news |
Want to add a web hosting news article ? Just do'it, it's free! Use submit form for hosting news!| Gabriel Murphy Discusses Aplus Buy Oct 18, 2006 | Web hosting provider Aplus.Net (aplus.net) has been acquired by New York-based venture capital group Catalyst Investors (catalystinvestors.com) for an undisclosed sum, according to a TopHosts.com interview with CEO Gabriel Murphy.
The interview states that the deal closed in late July, at which time, Murphy assumed the role of CEO. Murphy co-founded CommuniTech.Net, which he sold to Interland (now Web.com) in February 2002.
Catalyst Investors and Murphy currently hold stakes in Aplus, which was founded by Ivan Vachovsky in 1995. Murphy says former CEO Ivan Vachovsky and his wife Lillian both still maintain equity positions in the company. Vachovsky serves in an active role on the board of directors, which includes Murphy and three senior executives from Catalyst Investors.
Murphy says Aplus is looking at half a dozen companies for possible purchase, both in Canada and the US, with at least $20 million in hosting revenues. Murphy also says the company is considering a European strategy as well.
Aplus currently has a clientele in excess of 200,000, 4,000 of which are dedicated server customers. The Web host has more than half a million domains registered to date.
| Reads: 739 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/101806_Gabriel_Murphy_Discusses_Aplus_Buy.cfm
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