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Savvis secures new loan
Managed hosting provider Savvis has secured a $550 million term loan and a $75 million revolving credit facility to spend in outstanding securities and a repayment of its revolving credit loan. The arrangements are led by Bank of America-Merrill Lynch and Morgan Stanly Senior Funding.
1&1 Internet: 1 year later
It’s been almost one year since we examined the virtues and short-comings of top web host 1&1 Internet. With 10 million registered domain names, 9 million customer contracts and 5 data centers in operation, 1&1 is clearly claiming a massive share of the hosting market. What begs for closer inspection is how 1&1 Internet can […]
Peak 10 credit facility expanded
Peak 10‘s credit facility was expanded to $95 million. The company has seen a significant growth last year due to few data center acquisitions, including Louisville and Fort Lauderdale locations. Previously, Peak 10 has also launched two green DCs.
Is The Planet in peril?
2008 was a difficult year for The Planet. Founded in 1998, the world’s largest privately held dedicated web host, The Planet, faced mammoth challenges last year. An electrical fire in late May 2008 swept through their Houston data center, knocking out 9000 servers, impacting 7500 customers and 700,000 websites for at least two days. In […]
iWeb’s upgrades network to 50Gbps
Montreal-based web hosting provider iWeb has expanded its network. It started with 9Gbps at the start of last year and has just reached 50Gbps. The reason for the increase is to meet and support the bandwidth demand of those who use their services. iWeb received a credit on the amount of $1 million Canadian dollars […]
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