Layered Technologies to Acquire FastServers.net

[ECF]

BREAKING NEWS

Layered Technologies to Acquire FastServers.net

 

Newly Combined Assets Include Managed and Unmanaged Hosting, Cloud Computing, and Virtualization Technologies

 

PLANO, Texas - Layered Technologies, Inc., one of the world’s largest providers of “on demand” IT infrastructure, today announced the acquisition of FastServers.net, a leading Chicago–based managed hosting company. Financial details of the agreement were not disclosed.

 

The acquisition will combine the expertise of FastServers.net in managed dedicated hosting with Layered Technologies' leading Grid and unmanaged offerings. The combination of Layered Technologies and FastServers will offer a new range of superior services significantly benefiting customers.

 

"Thousands of clients rely on the exceptional service offerings of FastServers.net, and the combination of the two companies will expand the range of offerings and provide additional scale for client growth," said Jack Finlayson, Chief Executive Officer of Layered Technologies. “We look forward to bringing these two exceptionally talented teams together to service our customers and meet the demands of the high growth hosting industry.”

 

"With Layered Technologies and FastServers.net working together, business owners will view their managed service provider as a valued, long-term partner that helps manage IT infrastructure," said Ian Andrusyk, President and CEO of FastServers.Net.

 

Layered Technologies will begin immediate integration of the two companies' operations, product development, distribution and customer support organizations to ensure a smooth transition and immediate value for customers, employees and partners. Combined, the company will serve over 6,000 clients.

 

For additional information on Layered Technologies visit http://www.LayeredTech.com.

 

For additional information on FastServers, visit http://FastServers.net

[swish]

Is it just me or are there more and more mergers going on lately.

[ECF]

Many mergers of larger companies are happening lately. Hopefully it will not end up in a huge mess like The Planet fiasco.

[Creed3020]

Many mergers of larger companies are happening lately. Hopefully it will not end up in a huge mess like The Planet fiasco.

 

Definatly hear you on that one. I went through that merger and thankfully I was on the Planet side of things. The customers from EV1 really got the short end of the stick.

 

I wonder if LT will get any better from the result of this...

[DougK94]

I liked LT's network, SAVVIS is decent, but LT's support left a little to be desired IMHO.

 

LT has not done too bad tho, for starting out as a reseller at The Planet. I know they have many happy customers.

[adamnp]

There sales guys were hammering me a week or so ago, This story here makes it a bit more interesting listening to what they had to say..

 

Hmmm....

[qwidjib0]

More acquisitions anyway.

 

FastServers had been fishing for a buyout for a while though; and LT recently soaked up a good chunk of VC money, guess it's just good timing. We'll miss their HostingCon monstrosities.