Business
Alentus Expands Into Europe Acquiring London-based Areti Internet Limited
Alentus Expands Into Europe Acquiring London-based Areti Internet Limited.
About this update from Crown Capital Ventures Inc
[{"type":"text","content":"Alentus Expands Into Europe Acquiring London-based Areti Internet Limited\n\nLAGUNA NIGUEL, Calif. -- Alentus Corporation (Pink Sheets: ALNS), a leading provider of web hosting and managed services, is pleased to announce it has acquired London, UK-based Areti Internet Limited. Areti was recently named as one of the top 11 cloud computing vendors to watch by Forrester Research.\nThe acquisition will add approximately $1.5M in annual revenue and position Alentus in the fast growing European market.\nFounded in 1996, Areti Internet focuses on managed Co-Location, Dedicated Server, Internet Access with national UK xDSL and Leased Line, Virtual/Shared Hosting, and specialist data-center virtualization solutions. Areti brings a long term stable client base to the Alentus platform. \nAreti operates extensive multi-cabinet private cages/suites within the following five data centers - Telecity Sovereign House and Telecity Harbour Exchange in London, Equinix in Slough, IFL I and IFL II in Manchester, UK, and Telehouse America in New York. All locations are connected to Areti's Cisco powered redundant network featuring BGP4 carrier resiliency.\n\"The UK is our 2nd largest market behind North America - a strategic network expansion into Europe was inevitable. Areti has a very strong technical workforce, this combined with our sales and marketing team, should enable UK sales to be quickly on par with our North American operations.\" Said William King, Alentus Corporation CEO.\nAlentus Corporation CTO, John Macleod comments on the technical benefits to current Alentus and Areti clients. \"It is important to be able to bring your clients solutions as close to the viewing public and their customers as possible. This allows us to build geographically redundant solutions between continents, and expand our global network to the next level. Very few hosting and managed services providers can offer a redundant presence in the US, Canada and Europe and all connected to their own global network.\"\nAll Areti Internet employees were retained in the acquisition.\nFinancial details of the cash and stock transaction were not disclosed.\nAbout Alentus Corporation:\nAlentus Corporation is based in Laguna Niguel, California, with Data Center and Network Operations Center facilities in Edmonton, Alberta, Canada and Columbus and Austin in the United States. T...