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Web Host Firm Sitestar Acquires N2 The Net Customers.
2008-04-16, HostMan.biz Web host Sitestar Corporation has completed the acquisition of Internet access customer base and assets of Tennessee's N2 The Net firm. The acquisition closely follows the Company's recent purchase of Comcation and is the second transaction in what Sitestar expects to be a year of increased deal flow and growth in new, opportunistic market segments. "N2 The Net's narrowband and broadband customer base fits squarely into Sitestar's acquisition sweet-spot where our economies of scale and value-added service offerings enable us to generate stronger margins and retain customers longer than smaller ISPs can. We are encouraged by our progress so far in 2008 and anticipate closing more opportunities by leveraging our increased cash flow to capitalize upon the current economic climate," said Frank R. Erhartic, Jr., CEO for Sitestar. N2 The Net customers can look forward to an easy transition, access to additional services such as Surfboost Web Accelerator as well as other benefits including advanced spam filtering, extremely reliable network uptime and extended support hours, along with Sitestar's friendly, personal support. |
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