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LANSING, MI – Liquid Web, the market leader in managed hosting and managed application services to SMBs, and Nexcess, the premier managed web hosting provider for eCommerce platforms have joined forces. With over 50 years of combined hosting experience, the move supports the company’s mission to dominate the Web Professional hosting market for SMBs.

“This combination of companies demonstrates our commitment to be a leader in the Application hosting space and to deliver innovative solutions for the Web Professional customer that we are both focused on — designers, developers, site and store owners,” said Liquid Web CEO Jim Geiger. “Nexcess is the premier eCommerce hosting provider for SMBs, and this union gives them access to more scale and capital to continue growth for the long term. With the combination of our two companies and strong expertise in Magento, WordPress and WooCommerce, Liquid Web and Nexcess will now be able to further develop the product and open source platform capabilities that SMB customers and their developers have been asking for,” said Geiger.


Current and future Liquid Web clients can expect to soon gain access to the technology and scalability of Nexcess Cloud. Likewise, present and future Nexcess clients will obtain access to Liquid Web plans and services.

The companies will operate largely separate. Existing customers of Nexcess will not see changes in products or pricing, will not be migrated and they will continue to contact the Nexcess team they know today for service and support. Chris Wells, CEO, and founder at Nexcess, remains with the team and assumes a senior technology leadership role.

A technology industry veteran, Carrie Wheeler, will lead the Managed Applications Business Unit which combines the Nexcess and Liquid Web focus on Magento, WooCommerce, WordPress solutions. “Nexcess has built a very successful business in Application hosting with a strong brand and a solid go-to-market strategy,” said Carrie Wheeler, EVP & General Manager, Managed Applications.

“We sought Nexcess, recognizing that the combination of their leading Managed Magento platform with Liquid Web’s WooCommerce and WordPress focus allows us to combine products, services, capabilities and team to deliver the best hosting experience to SMBs and the designers, developers and agencies who create for them,” said Wheeler.

This partnership expands the global reach of both companies, now with 650 employees, 11 data centers, and a full-service Application Web Hosting and Managed Cloud portfolio. Both companies look to expand their legacy of best-in-class support and customer service. Plans include more product development, event sponsorships, white papers, code contributions, and other ways to expand both companies’ footprint in the eCommerce community.

About Liquid Web
Liquid Web is an industry leader in applications hosting, managed hosting and cloud services known for its high-performance services and exceptional customer support. With over 30,000 customers spanning 150 countries, the company has a world-class team, global data centers and an expert group of 24/7/365 solution engineers. The company has been recognized among INC Magazine’s 5000 Fastest Growing Companies for twelve years. With over 1 million sites under management, they have the scale in support, leadership, and financial backing to deliver the best customer experience in the hosting industry.

About Nexcess
New technology comes with a promise. Almost 20 years ago, from a small garage in Michigan, one man set out to fulfill that promise: to become a hosting provider that empowers clients to create and grow the businesses they want. Now, from its Southfield, Michigan headquarters, Nexcess holds data centers around the world that offer the best in terms of performance, reliability, and control. By embracing complexity, providing stability, and working with clients, partners, and team members, Nexcess has managed to create innovations that have changed the face of web hosting support and management forever.

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Over 75% of organizations are either using or planning to use serverless computing in next 18 months, according to The New Stack Serverless Survey 2018. An increasing number of developers are preferring serverless computing to avoid the complexities of modern software development. In the development arena today, the developers are concerned about performance, scalability, security, privacy and more burdens. All these aspects can not only overwhelm a beginner, but also a veteran engineer. That is the reason serverless computing is more than just a technology. It’s also a movement. Serverless architecture is transforming the way software developers build, deploy, and manage applications today. It also positively impacts the business decision-making and structure of the organization. AWS released the first serverless platform – AWS Lambda in 2014. Other cloud providers like Google and Microsoft also launched their serverless computing services post that. Serverless offerings like…
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SAN FRANCISCO and WASHINGTON – Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, and DuPont Fabros (NYSE: DFT), a leading owner, developer, operator and manager of enterprise-class, carrier-neutral, multi-tenant data centers, announced today they have completed their previously announced merger in an all-stock transaction with an enterprise value of approximately $7.8 billion.

The addition of DuPont Fabros’ high-quality, purpose-built data center portfolio to Digital Realty’s existing footprint enhances the combined company’s ability to serve its customers in the top U.S. data center metro areas. The merger also provides meaningful customer and geographic diversification for DuPont Fabros shareholders from the combination with Digital Realty’s global platform.


“This highly strategic and complementary transaction further expands our product offering, and solidifies our blue-chip customer base,” said A. William Stein, Digital Realty’s Chief Executive Officer. “This deal is consistent with our investment criteria, and is likewise consistent with our strategy of offering our customers the most comprehensive set of data center solutions, from single-cabinet colocation and interconnection, all the way up to multi-megawatt hyper-scale deployments.”

In conjunction with the merger closing, Digital Realty appointed former DuPont Fabros Board members Michael A. Coke and John T. Roberts, Jr. to Digital Realty’s Board of Directors. Mr. Coke is a highly respected real estate executive, having co-founded Terreno Realty Corporation, a publicly traded U.S. industrial REIT, where he serves as President and as a member of the Board of Directors. Previously, he served as Chief Financial Officer and Executive Vice President for AMB Property Corporation, a global developer and owner of industrial real estate focused on major hub and gateway distribution markets. Mr. Roberts is also a veteran real estate investor, having held various positions at AMB Property Corporation, including President of AMB Capital Partners LLC, a subsidiary of AMB Property Corporation responsible for AMB’s global private capital ventures.

Digital Realty also announced today the early tender results for, and the early settlement of, the previously announced tender offer and consent solicitation for the existing 5.875% senior notes due 2021 issued by DuPont Fabros Technology, L.P.

As of 5:00 p.m. EDT on September 13, 2017, holders of approximately $475 million had validly tendered and delivered their notes and the related consents, which represents approximately 79% of the $600 million aggregate principal amount outstanding. The withdrawal deadline also expired at 5:00 p.m. EDT on September 13, 2017. As a result, notes tendered pursuant to the tender offer can no longer be withdrawn.

The issuer exercised its right to accept and to purchase and pay for the early tender notes. Settlement occurred earlier today, September 14, 2017, immediately following the consummation of the merger. The total consideration paid for each $1,000 principal amount of early tender notes was $1,032.50 (including a $30.00 consent payment), plus accrued and unpaid interest from June 15, 2017 up to, but not including, September 14, 2017.

Having received the requisite consents from the holders of the notes in the tender offer, the issuer and U.S. Bank National Association, as trustee, executed a supplemental indenture amending the indenture relating to the notes. The supplemental indenture eliminates substantially all the restrictive covenants, certain events of default and related provisions contained in the indenture and reduces the notice periods required for redemption of the notes as described in the offer to purchase.

The tender offer will expire at 11:59 p.m. EDT on September 27, 2017 unless extended or terminated earlier by the offeror in its sole discretion. Holders who validly tender their notes after the consent payment deadline, but at or prior to expiration of the tender offer, and whose notes are accepted for purchase, will only be eligible to receive $1,002.50 per $1,000 principal amount of notes tendered, plus accrued and unpaid interest from and including the most recent interest payment date, and up to, but not including the final settlement date, which is expected to be the business day following the expiration of the tender offer. The complete terms and conditions of the tender offer are set forth in the offer documents that were previously sent to holders of the notes.

Immediately following settlement of the purchase of the early tender notes, the issuer issued a notice of redemption for the remaining outstanding principal amount. On September 18, 2017, the issuer expects to redeem the remaining outstanding principal amount at a redemption price equal to 102.938% of the aggregate principal amount of the notes to be redeemed, plus accrued and unpaid interest up to, but excluding, the redemption date. Holders of the notes may still participate in the tender offer and tender their notes at or prior to the expiration date, even though the issuer has elected to call the remaining outstanding notes for redemption.

On September 14, 2017, the issuer also issued redemption notices for the 5.625% senior notes due 2023 issued by DuPont Fabros Technology, L.P. On October 16, 2017, the issuer expects to redeem 35% of the notes due 2023 at a redemption price equal to 105.625% of the aggregate principal amount of the notes to be redeemed, plus accrued and unpaid interest up to, but excluding, the redemption date. On October 17, 2017, the issuer expects to redeem the remaining outstanding principal amount of notes due 2023 at a redemption price equal to 100.000% of the aggregate principal amount of the notes to be redeemed, plus a make-whole premium and accrued and unpaid interest up to, but excluding, the redemption date.

Citigroup Global Markets Inc. has been engaged as Dealer Manager and Solicitation Agent for the tender offer. Questions regarding the tender offer should be directed to Citigroup Global Markets Inc. at (212) 723-6106 or (800) 558-3745. Requests for copies of the offer documents or documents relating to the tender offer and consent solicitation may be directed to Global Bondholder Services Corporation, the Tender Agent and Information Agent for the tender offer, at (866) 924-2200.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, the notes. The tender offer is made solely pursuant to the offer documents. The tender offer is not being made to holders of notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. Holders are urged to read the offer documents and related documents carefully before making any decision with respect to the tender offer. Holders of notes must make their own decisions as to whether to tender their notes and provide the related consents. Neither the issuer, Digital Realty, the Dealer Manager and Solicitation Agent, the Information Agent, the Tender Agent or the Trustee makes any recommendations as to whether holders should tender their notes pursuant to the tender offer, and no one has been authorized to make such a recommendation.

About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty’s clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products. https://www.digitalrealty.com/

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