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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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REDWOOD SHORES, CA – Oracle announced the general availability of Java SE 9 (JDK 9), Java Platform Enterprise Edition 8 (Java EE 8) and the Java EE 8 Software Development Kit (SDK). JDK 9 is a production-ready implementation of the Java SE 9 Platform Specification, which was recently approved together with Java EE 8 in the Java Community Process (JCP). Java SE 9 provides more than 150 new features, including a new module system and improvements that bring more scalability, improved security, better performance management and easier development to the world’s most popular programming platform. Java EE 8 modernizes and simplifies the Java EE platform for the cloud and microservices with updates to eight major specifications.

Java SE 9

The defining feature of Java SE 9 is the Java Platform Module System, also known as Project Jigsaw, which makes it easier for developers to reliably assemble and maintain sophisticated applications. The module system also makes the JDK itself more flexible, allowing developers to bundle just those parts of the JDK that are needed to run an application when deploying to the cloud.


“Java SE 9 is the result of industry-wide development involving open review, weekly builds and extensive collaboration between Oracle engineers and members of the worldwide Java developer community via the OpenJDK Community and the JCP,” said Georges Saab, vice president of development for the Java Platform Group at Oracle. “This version of Java SE will provide millions of developers the updated tools they need to continue building next-generation applications with ease, performance and agility.”

The OpenJDK Community is where a diverse set of contributors have collaborated for more than ten years on an open-source implementation of the Java SE platform. Other key features in Java SE 9 include:

  • jshell, which delivers an interactive Read-Eval-Print-Loop tool that makes it easy for developers to explore APIs and try out language features.
  • Improved Javadoc, which makes it easier for developers to learn new APIs by including a search function within the API documentation itself, as well as information on which module defines each class or interface.
  • Streams API enhancements, which improve developer productivity by adding methods to conditionally take/drop items from a Stream, iterate over a Stream’s elements, and create a Stream from a nullable value while expanding the set of Java SE APIs that can serve as sources for Streams.

Oracle has also announced several changes to how Java SE and Java EE will be developed and released going forward.

For Oracle Java SE, Oracle is planning to move to a 6-month release cadence using a time driven release model rather than a feature driven release model. With that change, Oracle will also be providing OpenJDK builds under the General Public License (GPL). Finally, Oracle will be contributing previously commercial features to OpenJDK such as Java Flight Recorder in Oracle JDK with the goal of making Oracle JDK and OpenJDK more aligned.

Java EE 8

Oracle has also announced its intention to move Java EE technologies to the Eclipse Foundation, in collaboration with other vendors and the community. Oracle, Eclipse and other community members are now working out the details behind the technology transfer and ongoing governance and process within the Eclipse community.

“Today’s major release of the Java Platform Enterprise Edition is one we think developers are going to be excited to use and by open sourcing Java EE technologies to the Eclipse Foundation, we have set it up for ongoing success in the future,” said Mike Lehmann, vice president of product management, Oracle. “Oracle is committed to working with the Java EE community and the Eclipse Foundation to continue enterprise Java innovation, support and evolution.”

Key features in Java EE 8 include:

  • HTTP/2 support in Servlet 4.0
  • New JSON binding API and various enhancements in JSON-P 1.1
  • Expansion of JAX-RS to support Server-Sent Events and a new reactive client API
  • New security API for cloud and PaaS based applications
  • Multiple CDI enhancements including support for asynchronous events

Java is the world’s most popular programming language, with over 12 million developers running Java and more than 1 billion downloads each year. Java is also the #1 developer choice for cloud, with over 21 billion cloud-connected Java virtual machines.

About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

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Offshore hosting is basically web-hosting of your website in a different country than the one you reside or your business is located in. Examples are high-tech and developed countries like the UK, Canada, Singapore, Malaysia, Russia, Lithuania, Holland and Luxembourg.

Why is off-shore hosting important, necessary or relevant to me, you may ask?

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Fair question! There are several good reasons for choosing offshore web-hosting, and here are a few:

  1. Often overseas hosting may be cheaper than domestic webhosting;
  2. Your target demographic may reside in that foreign country, and hosting your website there may offer substantially shorter page load times;
  3. The content of your website may be frowned upon in your native country. Gambling, lotteries, downloads, torrents, software, and porn comes to mind. These, and other types of websites with questionable content, may be acceptable and protected better off-shore against take-downs, than in your own country;
  4. It may be a matter of privacy, personal safety, political views, or freedom of speech.

So, whatever your considerations, from a practical standpoint, offshore web-hosting may offer you much better alternatives than hosting in your domicile.

Why not do your own research right now and see for yourself if offshore hosting will work for you!