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Pittsburgh, PA – Liberated Syndication, Inc. (OTCQB: LSYN) (“Libsyn”) announced today that it closed its acquisition of Internet hosting company Pair Networks, Inc. (Pair) on December 27, 2017. Libsyn paid $13.5 million in cash and issued 1,579,613 shares of restricted common stock valued at $2.5 million to acquire 100% of Pair. The combined businesses represented approximately $23 million in annual revenue and approximately $7 million in EBITDA for 2017.

“We are very excited about the opportunities that come from combining these two great, long standing, Pittsburgh-based companies,” said Chris Spencer, Libsyn CEO. “We have tremendous confidence in Pair’s leadership and employees and we intend to fuel revenue growth for the combined entities through sales and marketing investment, cross selling new and existing hosting products and streamlining network computing infrastructure.”


In order to finance the transaction, Liberated Syndication borrowed $10 million under a newly established Senior Secured Credit Facility (the “Bank Facility”) with First Commonwealth Bank, which also was closed on December 27, 2017. Borrowings under the Bank Facility are at variable rates which are, at the borrowers’ option. As of December 27, 2017, interest is set at LIBOR (London Interbank Offered Rate) plus 175 basis points, or 3.44%.

Pittsburgh-based Capital Foundry, LLC acted as advisor to the Company and Arranger for the Bank Facility.

As of December 31, 2017, the combined companies had approximately 82,000 monthly subscribers for hosting services. Management believes there are many cross selling opportunities including website and blog hosting services for podcasters, full-service WordPress solutions for website and blog development, domain name registration and hosting, as well as co-location hosting services for larger podcast networks, an area of significant potential growth in the podcasting industry.

“Podcasts are expected to continue to grow in popularity and have become an integral part of brand strategy along with websites, blogs and social media outlets. Pair’s hosting, domain and WordPress offerings are the tools podcast producers look for to develop online strategies to extend their reach,” said Laurie Sims, Libsyn President. “Libsyn is often seen as a media company because of the type of content we host, but we are fundamentally a hosting platform. We have a lot of synergy with Pair and understand the monthly subscription business model. We are thrilled to add the Pair team, its reliable infrastructure and world class support they provide.”

Additionally, Libsyn management believes there are growth opportunities to be had by capitalizing on Pair’s vast computing infrastructure, cloud based hosting services
and utilizing Pair’s highly regarded customer support team. Focused cyber security services is another area of additional revenue growth potential given recent threats and limited expertise for small and medium-sized businesses.

Management plans to host a shareholder conference call during the first quarter of 2018 to outline its plans for the combined companies in greater detail.

About Liberated Syndication
Liberated Syndication (Libsyn) is the world’s leading podcast hosting network and has been providing publishers with distribution and monetization services since 2004. In 2016 Libsyn delivered over 4.59 Billion downloads. We host over 3.2 Million media files for more than 35,000 podcasts, including typically around 35% of the top 200 podcasts in iTunes. Podcast producers choose Libsyn to measure their audience, deliver popular audio and video episodes, distribute their content through smartphone Apps (iOS, and Android), and monetize via premium subscription services and advertising. We are a Pittsburgh based company with a world-class team. Visit us on the web at www.libsyn.com.

About Pair Networks
Pair Networks, founded in 1996, is one of the oldest and most experienced Internet hosting company providing a full range of fast, powerful and reliable Web hosting services. Pair offers a suite of Internet services from shared hosting to virtual private servers to customized solutions with world-class 24×7 on-site customer support. Based in Pittsburgh, Pair serves businesses, bloggers, artists, musicians, educational institutions and non-profit organizations around the world. Visit us on the web at www.pair.com.

Capital Foundry
Capital Foundry, LLC, is a Pittsburgh-based investment bank with a focus on small to medium sized enterprises. The bedrock of Capital Foundry is the deep and varied experience of its people, and the businesses the leadership team has helped to grow and transform.

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The NexGen 2017 Conference and Technology Expo, hosted by The Channel Company, successfully took place between December 11-13 in Los Angeles, CA. The NexGen 2017 Conference was specifically designed for cloud solution providers, managed service providers and other IT solution providers who bring new business models built around next-generation technologies. They act as the innovators who leverage the cloud and cloud-based technologies to drive new revenue and future profits. The event kickstarted with a keynote session by Tom DelVecchio, Founder, Enterprise Technology Research, who talked about the things that are driving the containers and the microservices market. Microservices lower capex and reduce time between release cycles that help in improving productivity and scalability. Dorothy Copeland, Vice President, Global Business Partners, North America, IBM, talked about innovation related to data, IoT and blockchain. She identified 5 eras of innovation – Centralized Computing,…
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BOSTON – Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, today announced it has entered into a definitive agreement to acquire the U.S. operations of IO Data Centers LLC, a leading colocation data center services provider based in Phoenix, Arizona, for $1.315 billion plus up to $60 million based on future performance and subject to customary adjustments. With the transaction, Iron Mountain will acquire the land and buildings associated with four state-of-the-art data centers in Phoenix and Scottsdale, Arizona; Edison, New Jersey; and Columbus, Ohio. The existing data center space in the four owned facilities totals 728,000 square feet, providing 62 megawatts (MW) of capacity with expansion potential of an additional 77 MW in Arizona and New Jersey.

This agreement follows the acquisition of FORTRUST data center on September 1, 2017 and the announcement of Iron Mountain’s international data center expansion through the planned acquisition of two Credit Suisse data centers in the London and Singapore markets. Upon closing of the Credit Suisse and IO transactions in early 2018, Iron Mountain’s data center portfolio will total more than 90 MW of existing capacity, with an additional 26 MW of capacity currently under construction and planned and future expansion potential of another 135 MW.


“We continue to experience strong demand and growth in our data center business, with a focus on establishing a presence in the largest global markets for colocation and enterprise customers. Our strategy includes organic expansion within our existing footprint, greenfield development in the largest U.S. markets such as our newly opened campus in Northern Virginia, and targeted acquisitions of properties with customer profiles that closely mirror our own,” said Iron Mountain President and CEO William L. Meaney.

“This transformative transaction is closely aligned with our strategy and we expect it to accelerate our growth profile by bringing our data center business to approximately 7% of total revenue and approximately 10% of Adjusted EBITDA by 2020 – significantly exceeding our initial goal – while enhancing business diversity and the margin profile of the company,” Meaney added. “We believe we can add significant value to IO’s U.S. operations by leveraging our strong brand that is synonymous with security and trust, and our relationships with more than 30,000 North American data management customers.

“The addition of IO’s data centers enhances our geographic diversification and provides market-leading exposure to Phoenix, the fourth fastest market for absorption in the U.S. in 2017, and the 12th largest data center market globally. Colocation and cloud providers have made significant investments in Phoenix in the past few years, as it boasts diverse energy sources and relatively inexpensive green power, as well as an attractive business environment,” said Mark Kidd, Senior Vice President and General Manager, Iron Mountain Data Centers. “Importantly, this transaction also enhances our ability to support the needs of the largest cloud providers through new development with expansion capacity in Phoenix as well as New Jersey, another attractive market due to its proximity to the New York metro area.”

“Additionally, IO brings a diversified roster of more than 550 customers that includes blue chip financial services, aerospace, federal government and technology companies among its Top 10, with no single customer representing more than 10% of total revenue. Its strong enterprise and cloud customer base is complementary to that of our existing data center business, and more than 40% of IO’s customers are also customers in our core records and data management businesses,” Kidd said.

“I am incredibly proud of the team at IO and the extraordinary company they have built since our founding in 2007,” said George D. Slessman, founder and CEO of IO. “We are pleased to enter into an agreement with Iron Mountain and excited by the potential this transaction represents. Iron Mountain’s deep customer relationships, global scale and excellent access to capital markets, combined with IO’s strong presence in the high-growth data center industry will provide attractive opportunities for our employees and a broader, more geographically diverse platform of facilities and services for our customers. We know Iron Mountain shares our commitment to the highest levels of customer service, security and operational quality, and we are confident our customers will be in good hands.”

The transaction is anticipated to close in January 2018, subject to satisfaction of customary closing conditions. The total consideration of $1.315 billion, which does not include up to $60 million of potential additional payments, represents a multiple of 15x synergized 2018 EBITDA, post integration. While data center acquisitions of this magnitude were not part of the company’s previously disclosed 2020 plan, the company expects the transaction to accelerate its revenue and Adjusted EBITDA growth. Following this transaction and anticipated financing, the company remains on track to reduce its lease adjusted leverage ratio to approximately 5x, and lower its dividend payout as a percentage of Adjusted Funds From Operations to 70-75%, assuming annual dividend per share growth of approximately 4%, all of which are consistent with its 2020 plan.

The acquisition is expected to be modestly accretive to AFFO in 2019. The company will provide specifics of the impact of the transaction on 2018 full-year expectations when it provides guidance for next year on its fourth quarter/year-end reporting conference call in February 2018.

About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is the global leader for storage and information management services. Trusted by more than 230,000 organizations around the world, Iron Mountain boasts a real estate network of more than 85 million square feet across more than 1,400 facilities in 53 countries dedicated to protecting and preserving what matters most for its customers. Iron Mountain’s solutions portfolio includes records management, data management, cloud services, document management, data centers, art storage and logistics, and secure shredding to help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including critical business documents, electronic information, medical data and cultural and historical artifacts. Visit www.ironmountain.com for more information.

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At the KubeCon + CloudNativeCon 2017 conference in Austin, Oracle open sourced two new Kubernetes projects designed for helping developers develop container-native applications utilizing Kubernetes. This move will provide a technology stack that’s community-driven, open-sourced, cloud-neutral and integrated with container technology to enable customers to experience the flexibility of hybrid and multi-cloud deployments, without being worried for cloud lock-in. The new projects─ Fn project Kubernetes Installer and Global Multi-Cluster Management, are integrated with the Oracle Container Native Application Development Platform, and offer developers an enterprise-grade platform to build, deploy and operate applications. “There continue to be significant concerns by developers looking into serverless development that cloud providers are leading them into a lock-in situation and away from industry standards,” said Mark Cavage, vice president of software development at Oracle. “The Oracle…
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Mckinney, TX – VAZATA, a leader in managed hosting, colocation, Infrastructure-as-a-Service (IaaS) and cloud managed services, today announced the availability of Business Continuity Services that help businesses keep their operations running smoothly in the event of disruption due to severe weather, natural disaster, accidents, outages, or other causes.

The VAZATA Operations Center for Business Continuity (vOCBC) provides an affordable, dedicated workspace at a business-class 5,000 square foot raised floor facility with redundant connectivity and 24/7 data access. The offering includes all utilities, 24/7 entry via dynamic key-card, high-speed Internet, conference and break rooms, business center resources, and 1 TB of virtual storage for up to 5 servers, with additional server licenses available.


“McKinney has earned the distinction of being the country’s most vibrant suburban city, making it particularly attractive for high-tech companies seeking to expand their business and retain top notch employees,” stated John Valencia, Director of BREP & Emerging Technology of the McKinney Economic Development Corporation. “VAZATA is a long-standing member of our community. We’re delighted that they’ve made the decision to support area businesses with this compelling offering.”

“We are excited to welcome VAZATA to McKinney. They bring high-quality jobs in a technology-focused industry, and that’s one of the many sectors MEDC strives to attract to our community,” said Chad Walker, Director of Business Development for MEDC.

Business Continuity plays a key role in any company’s comprehensive strategy to address natural and man-made risks and threats to mission critical processes. The impact of recent hurricanes on the Gulf Coast highlight the vital importance of having a plan in place before it’s too late.

“VAZATA can provide everything from secure data center environments to office facilities and resources that mitigate risk to the organization,” explained Lance Black, CEO of VAZATA. “By offering this as-a-service, we help companies minimize the ‘cost of insurance’ to keep their business operating smoothly even in the face of a catastrophe.”

In addition, VAZATA provides data protection through off-site back-ups, image-based replication, geographically separated clustering, cloud-based disaster recovery services and more. As a FedRAMP authorized CSP, VAZATA offers a unique level of security, resilience, and compliance.

About McKinney
McKinney, Texas, is unique by nature. The city is #1 on the list of Best Places to Live in America, published by Money Magazine. McKinney has a current population of more than 162,000. Established in 1848, the city is located 30 miles north of Dallas and is the county seat of Collin County. McKinney offers award-winning schools, a vibrant historic downtown, diverse housing options, a robust economy and a uniquely beautiful natural setting, with rolling hills and lush trees. Visit the city’s website at www.mckinneytexas.org.

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PORTLAND – Infomart Data Centers, a national wholesale data center provider, announces today that its Portland data center has achieved LEED Platinum® certification, the highest rating offered by the U.S. Green Building Council® (USGBC). Infomart Portland is the first data center in Oregon and among a select few in the nation to become LEED Platinum certified by the USGBC‘s LEED (Leadership in Energy and Environmental Design™) rating system, the foremost program for the design, construction, maintenance and operations of high-performance green buildings.

“Achieving the highest LEED distinction reinforces Infomart’s leadership in building and operating sustainable data centers, including one of the most efficient facilities in the world in Infomart Portland,” says John Sheputis, President, Infomart Data Centers. “Every facility we have built since 2008 has been LEED Gold certified. Achieving LEED Platinum certification in Oregon demonstrates our increasing commitment to sustainability and making responsible choices about energy procurement — even when the cost is more than the higher-carbon alternative. We’re proud to continue meeting our customers’ environmental and IT performance goals through choice, openness, data transparency and collaboration.”


LinkedIn is the principle tenant for the latest phase of construction that received the LEED Platinum certification. LinkedIn staff worked with Infomart and the company’s key contractors to design and deliver the award-winning project. DPR Construction served as general contractor and was supported by McKinstry and Rosendin Electric for mechanical and electrical systems, along with Jackson Main as the project architect.

Infomart Portland achieved LEED Platinum certification for implementing practical and measurable strategies and solutions aimed at achieving high performance in: sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality. The facility uses Direct Access rights to source power from the leading producer of hydro-electric power in the U.S., the Bonneville Power Administration. As a Direct Access purchaser of power, Infomart chooses the energy mix and suppliers for the data center, achieving a 96 percent reduction in carbon dioxide emissions when compared to the national utility average and providing customers with low-carbon power at rates below the local utility tariffs.

“Achieving LEED certification is more than implementing sustainable practices. It represents a commitment to making the world a better place and influencing others to do better,” said Mahesh Ramanujam, President and CEO, USGBC. “Given the extraordinary importance of climate protection and the central role of the building industry in that effort, Infomart Data Centers demonstrates their environmentally conscious leadership through their LEED certification of Infomart Portland.”

Infomart Portland is one of the most efficient data centers in the United States, boasting a 99 percent efficient Uninterrupted Power Supply (UPS), a Power Usage Effectiveness (PUE) of 1.16 in full economization mode, 100 percent aisle containment, and natural cooling methods to run the facility at least 70 percent of the year. Infomart Portland was also the first data center environment in which the user and landlord collaborated to achieve Uptime Institute’s Efficient IT Certification, which certifies sustainable leadership in IT operation, evidencing better control of how resources are both consumed and allocated. Additionally, the facility holds the Uptime Institute Management & Operations (M&O) “Stamp of Approval,” which verifies that Infomart’s critical facilities management continues to be among the best in the world.

To learn more about Infomart Portland, visit www.infomartdatacenters.com/locations/portland.

About Infomart Data Centers
Founded in 2006, Infomart Data Centers is an award-winning industry leader in building, owning and operating highly efficient, cost-effective wholesale data centers. Each of its national facilities meet or exceed the highest industry standards in all operational categories of availability, security, connectivity and physical resilience. Recognized for its consistent excellence, Infomart Data Centers is dedicated to maintaining its reputation of reliability and best-in-class management while offering flexible solutions to meet the needs of its clients. Since the company’s inception, Infomart has demonstrated its commitment to environmental responsibility in designing and building energy-efficient and sustainable data centers for performance-driven organizations. Infomart Data Centers offers highly connected wholesale and colocation facilities in four Tier I markets throughout the United States, including San Jose, Calif.; Hillsboro, Ore.; Dallas; and Ashburn, Va. For more information, please visit www.infomartdatacenters.com.

About the U.S. Green Building Council
The U.S. Green Building Council (USGBC) is committed to a prosperous and sustainable future through cost-efficient and energy-saving green buildings. USGBC works toward its mission of market transformation through its LEED green building program, robust educational offerings, a nationwide network of chapters and affiliates, the annual Greenbuild International Conference & Expo, the Center for Green Schools and advocacy in support of public policy that encourages and enables green buildings and communities. For more information, visit usgbc.org

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