Novacap to sell hosting provider iWeb to Internap for $145 mln
Montréal-based iWeb Inc, a global provider of Internet hosting solutions and IT infrastructure, has agreed to be bought by Atlanta, Georgia-based Internap Network Services Corp (NASDAQ: INAP) for approximately US$145 million. According to Internap, the deal is expected to close in December 2013. Founded in 1996, iWeb currently serves 10,000 SMB customers in over 100 countries. The company was taken private for $47 million in June 2011 by Novacap Technologies, a private equity fund managed by Longueuil, Québec-based Novacap, with the participation of the Caisse de dépôt et placement du Québec, and an investment vehicle affiliated with Bank Street Capital Partners.
31 October 2013•3 mins read
