Caird Corporation Acquires Hostcentric from Interland

After lengthy planning and negotiations, Caird Corporation, a market leader in shared hosting announced the successful acquisition of the Hostcentric brand and shared hosting business lines from Interland Inc.

"On May 5, 2005, Interland, Inc. ("Interland", or the "Company") entered into an Asset Purchase Agreement (the "Agreement") with Caird Corporation (the"Buyer"), pursuant to which the Buyer has purchased from Interland certain shared web hosting customer accounts, trademarks, domain  names, and miscellaneous assets," says the SEC filling form ."A portion of the price, in the amount of $3.4 million, was paid upon the signing of the Agreement." 

Interland has owned and managed the Hostcentric brand since acquiring the company in 2003. Caird will maintain the Hostcentric brand and add the Hostcentric business, which represents thousands of hosting customers world-wide, to its already successful family of shared hosting brands.

For  the  quarter   ended   February  28,  2005,   the  Accounts   produced approximately  $1.2 million in revenue, says the SEC filling.

Plans for Hostcentric include adding additional functionality and features to the already successful hosting platform and service. In June, customers will be introduced to new functionality when accounts are transferred to an enhanced hosting platform, which was designed specifically to meet the needs of businesses, resellers and individuals.

The plan is to combine the best of what Hostcentric has to offer with many new features, products and services, including a great new client control panel.

The acquisition of the already strong Hostcentric brand and business provides the opportunity to continue serving the shared hosting market through strong brands and service levels tailored to businesses and individual needs.

The Hostcentric brand will continue to be marketed to business, resellers and individuals offering them the shared hosting plans, reseller and affiliate partner programs and service they have come to rely upon.

Since 1997, Caird Corporation has worked exclusively with a select group of shared hosting providers to deliver solutions for the personal and small/medium business markets.

Hostcentric offers a complete suite of services that enables customers to manage their Web presence. Solutions include e-commerce-, Web hosting and global domain management.