Web Hosting Provider Peak 10 To Acquire Xodiax

Peak 10, Inc. (www.peak10.com), the Southeast's data center and managed services provider, announced the acquisition of Xodiax, a Louisville, Ky.-based provider of managed services, collocation, hosting and connectivity.

"Peak 10's acquisition of Xodiax expands our footprint to five cities and adds a very attractive and strategically valuable franchise to our business," said Kevin Brandon, partner with Seaport Capital.

The acquisition creates a company with the highest levels of customer service and technical expertise, geographic diversity and financial strength. Peak 10 moves forward with unparalleled market depth and breadth and a comprehensive portfolio of products and managed services. The terms of the acquisition were not disclosed.

The acquisition increases Peak 10's geographic footprint and market presence in the Southeast. The company will now own and operate five enterprise-class data centers in five key markets, which deliver the highest standard of services, infrastructure, security and performance to small, medium and large businesses in its local markets, regionally and nationwide.

"The Xodiax team is a seamless fit with Peak 10 and will match our culture and history of solid, consistent growth," said David Jones, president and chief executive officer of Peak 10.

Xodiax was founded in 1999 as an outsourcing firm for information technology services and was recently ranked 85 in Inc magazine's list of the ‘500 Fast Growing Companies.' Under the terms of the agreement Xodiax will operate as Xodiax, a Peak 10 company. The company's data center, management team and employee population will remain in and committed to the Louisville market.

Peak 10 is the Southeast's leading data center services provider offering a full range of hosting, storage, security and business continuity solutions.

Peak 10's primary financial partner is Seaport Capital with a minority investment position held by Frontier Capital. Both firms have private equity and investment banking expertise with extensive experience in the information technology and communications industries.