peak 10 Acquires Xodiax Web Hosting

peak 10, Inc., a Southeast's data center and managed services provider, today announced the acquisition of Xodiax, a Louisville--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. 

"The combination of these two growing and profitable companies creates significant value for customers, employees and investors," said Jim Clishem, founder and chairman of Xodiax.

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 employees and management team of Xodiax mesh extremely well with peak 10," said Don Esterle, president and chief executive officer of Xodiax.  "Our operating philosophies and values are comparable and we both place a high priority on customer service as well as operating efficiently and responsibly."

peak 10 is the Southeast's leading data center services provider offering a full range of hosting, storage, security and business continuity solutions. Customers such as Pergo, RDU Airport, Global Knowledge, LendingTree, Maximum ASP, Siemens and The Jacksonville Jaguars rely on peak 10 to keep business critical applications up and running around-the-clock.