Inflow Acquires Interliant Customers; Move to Inflow Easy for Customers Affected by Interliant Chapter 11 Filing
ATLANTA, Jan 20, 2003 (BUSINESS WIRE) -- InFlow, Inc., a leading provider of managed web hosting and IT services, announces today the acquisition of certain customers of Interliant, of Purchase, NY, which is currently in Chapter 11. Interliant recently announced it would close its facility in Atlanta, Georgia, a city where Inflow has an existing data center.
For Inflow, acquiring the customers made sense.
"Inflow is in a strong position to increase market share through acquisition," said Mark Scully, general manager for Atlanta. "In this economy, being in a position to take advantage of growth opportunities like this rather than worrying about financial viability is a luxury."
"Having obtained more than $300 million in total equity funding to date, Inflow has the financial wherewithal to survive regardless of the state of the economy," said Art Zeile, chief executive officer for Inflow. "We are attractive to customers that have been affected by recent closures. We look forward to taking on more of the market share as the economy allows."
For more information, please call Mark Scully, Inflow Atlanta general manager, at 404.898.9117.
Inflow provides facilities-based IT solutions to companies with critical business and network applications. Founded in 1997, Inflow opened its first Internet Data Center (IDC) in June 1998 and currently serves more than 680 customers from its IDCs in 12 markets throughout the U.S. The Company offers customers a cost-effective outsourced alternative that is secure, redundant and fully managed. Core services include colocation, network management, managed security services, application management, data storage and InflowNetTM - a proprietary Internet access service that guarantees 100% availability. Additional services include business continuity, Intelligent Routing for Internet access, content distribution, load balancing and remote enterprise data center management.
In June 2002, Inflow completed an equity financing of $35 million, bringing total capital raised to more than $300 million. Investors include Meritage Private Equity Funds, Centennial Ventures, Telecom Partners, Spire Capital Partners, The Halyard Capital Fund, GE Capital and PNC Equity.
For additional information and IDC locations please visit www.inflow.com or call 877-321-2464. To call the Atlanta IDC or to speak with Mark Scully, please call 404-898-9117.