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Hostopia Acquires Assets of TemplateRover.
2007-06-06, HostMan.biz Hostopia.com Inc., today announced the acquisition of all operating assets of TemplateRover.com, a division of Geeksforless Inc. (“GFL”). Included in the newly acquired assets is all the ownership rights of over 3,200 website templates that were jointly owned by Hostopia and GFL. Among the assets are exclusive rights to 1,600 additional website templates, over 30,000 digital images and a retail and channel software distribution system for templates currently powering the template distribution site Templaterover.com. Hostopia’s purchase price for the assets was CAD $247,000. “Web site design is increasingly demanded by small- and medium-sized businesses endeavoring to establish an online presence or to improve their existing websites. Consumers and developers alike are finding professionally designed, pre-built websites speed their time to market and reduce site development costs,” Hostopia’s chief marketing officer, Paul D. Engels, said in a company press release. “Our purchase of web site template business assets from GFL gives us one of the world’s largest inventories of web site templates and images available to communications service providers for sublicense to their customers. The powerful search and distribution software is an added bonus that will help us distribute website templates both to service providers and their SMB customers.” The software assets obtained from GFL, a related party to Hostopia, will become part of Hostopia’s business. Hostopia will continue to to build its inventory of templates for distribution through its existing customer base of more than 330 communications service providers, developers, retail hosting providers and others seeking web site design applications and web site templates. |
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