1stPoint Communications (“1stPoint”) announced today that it has acquired certain virtual hosting assets from Web Hosting Group, Corp. (“WHGC”), including its Web Site Source, Speedfox and Low Priced Domains brands (“WSS”). WSS provides virtual private servers, shared hosting and domain hosting services to small and medium-sized businesses as well as enterprise clients. “We are very excited to add these services to our growing telecommunications portfolio,” commented Erik Levitt, CEO of 1stPoint. Strong demand for cloud computing prompted 1stPoint to evaluate its options in the market. “Our existing access to fiber and data center assets as well as our existing CLEC infrastructure, we are able to leverage our scale as well as provide new, innovative services to WSS’s clients.”
Randy Reineck, President of WHCG said: “We are very pleased with the outcome of this transaction and believe that the combination of these assets with the existing 1stPoint infrastructure, customers will realize both short and long term benefits.”
WHCG was represented by Millitzer Capital in the transaction. “We originally represented Web Site Source in it's sale to WHCG some eight years ago. I am pleased that the same group elected our firm to assist in the consummation of a transaction which will be beneficial to both the seller, buyer and ultimately the customers of Web Site Source,” commented Tom Millitzer, President of Millitzer Capital.
1stPoint announced the deployment of its hosted SMSC platform last year, adding texting to its suite of hosted voice and SIP trunking, metro Ethernet and MPLS products. “The WSS assets hosting and cloud services we continue to move toward our goal of providing our clients with a new work experience,” added Levitt.