peer 1

PEER 1 Hosting Partners with Dell to Deliver Cloud Services in Canada

PEER 1 Hosting will now deliver cloud services in Canada in partnership with Dell, announced the web hosting provider today. We have enjoyed a long-standing partnership with Dell for hardware and software solutions, and we believe that, together, we can offer our customers unparalleled service in Canada. . – Michael Mayer, Global Channel Director, PEER 1 Hosting. The news comes a few months after PEER 1  unveiled its  new eco-friendly EMEA headquarters in Southampton as a part of it’s regeneration project across its European offices in the UK and France. PEER 1 Hosting joined Dell’s recently announced public cloud partner program a while back and  will  help Dell provide its  Canadian customers with choice and best-in-breed capabilities. Interested customers can   purchase products f...

Cogeco Data Services Announces Single Point ICT Solution to Reduce IT complexity

Cogeco Data Services announced today the introduction of a single point ICT solution to support CIOs and their needs to reduce IT complexity and create the transformational value of their organizations. The new offering combines Cogeco Data Services’ data centre, managed IT, cloud and connectivity services. Cogeco Data Services is a wholly-owned subsidiary of Cogeco Cable Inc. , who was in news around a month back when they acquired PEER1 for $532 million to boost cloud computing. Our new suite of services has been developed to help reduce IT complexity and shift the focus of the IT department from operational support to innovation. – Virginia Brailey, Vice President,Cogeco Data Services. As the  continues, the demand to reduce IT complexity and drive innovation is on the rise. Mark Schrut...

Cogeco Cable to buy PEER 1 for $532 million to boost cloud computing

Cogeco Cable Inc. and PEER 1 Network Enterprises, Inc announced today that they have entered into an agreement , pursuant to which Cogeco Cable has agreed to acquire all of the issued and outstanding shares of PEER 1 by way of takeover bid .PEER 1 shareholders will receive $3.85 in cash per share valuing PEER 1’s equity at approximately $526 million on a fully diluted basis and its enterprise value at approximately $635 million. The Offer represents a premium of 32.1% to PEER 1’s 20 day volume weighted average share price. Cogeco Cable has entered into lock-up agreements with the board of directors, certain key management, and certain key shareholders of PEER 1 representing in aggregate approximately 62% of the fully diluted shares outstanding to tender their shares to the Offe...

Peer 1 Recorded 100% Growth Over Last Year

[DAILYHOSTNEWS] July 19, 2012, PEER 1, the global webhosting provider, announced yesterday its strong position in the international web hosting market, revealing that revenue for the nine months ended March 31, 2012 increased to $99.17 million USD. According to the press release this excellent growth of PEER 1 will decrease the competition gap between PEER 1 and Rackspace (Leader in UK market). The company states following key achievements as achieved by them in past 12 months: Noticeable achievement was the acquisition of NetBenefit, UK manged hosting provider for $38.7 million, which uplifted PEER 1 as the second largest SME managed webhosting in UK. PEER 1 Hosting achieve a Net Promoter Score of +36 (5 times the IT services average of 7) which let PEER1 tap a range of ECommerce customer...