Claranet agrees sale of VIA Networks USA Inc to PEER 1 Hosting

New agreement to provide Claranet with increased reach into North American markets

Managed services provider, Claranet, has today agreed the sale of its US subsidiary VIA Networks USA Inc to Canadian-based hosting company PEER 1 Hosting.

The sale will enable Claranet to offer comprehensive North American based services in partnership with PEER 1 Hosting. Claranet’s European customers will benefit from access to enhanced network and hosting capabilities and will not experience any interruption to their services.

As part of the agreement, Claranet will work closely with PEER 1 Hosting to offer a much wider North American footprint, for both hosting and networking services. Claranet will retain its New York Point of Presence (PoP) which will continue to facilitate a direct connection from Europe to US based carriers and networks.

Charles Nasser, CEO of Claranet said:
Claranet acquired VIA Networks USA Inc. from VIA Inc. in 2005 as part of a larger transaction. The increased demand by our European customers for US services has led us to look for a stronger North American based partner.

After a thorough investigation of potential buyers, PEER 1 Hosting’s similar capabilities and business size to Claranet made it the most suited company to uphold the high service levels we provide our customers. Furthermore, through our cooperation with PEER 1 Hosting, we will have access to a much wider hosting and network infrastructure to enable us to better serve our European customers.

Fabio M. Banducci, CEO of PEER 1 Hosting commented:
This acquisition adds to our growing dedicated and managed hosting customer base, provides VIA Network USA’s customers access to enhanced network and hosting capabilities, and enables PEER 1 Hosting and Claranet to start partnering in areas of mutual benefit.

For more information please contact:

Deborah Nazareth, Amy Bunn or Katie Boulton
3 Monkeys Communications
Tel: +44 (0)20 7009 3100
claranet@3-monkeys.co.uk

About PEER 1 Hosting

PEER 1 Hosting believes in the limitless opportunity of the Internet, and the business growth potential it provides for its more than 10,000 customers.

As a global online business hosting provider, PEER 1 Hosting offers a reliable high performance Internet network supporting scalable Managed Hosting, Dedicated Hosting through the ServerBeach brand, and Colocation solutions. Backed by its 100 percent uptime guarantee and 24x7x365 FirstCall Support™, PEER 1 Hosting ensures customers’ online presence is always fast, always available.

Since 1999, PEER 1 Hosting has grown to include 16 state-of-the-art data centers and points-of-presence throughout North America and Europe. The company’s headquarters are in Vancouver, Canada, with European operations headquartered in Southampton, UK. PEER 1 Hosting shares are traded on the TSX under the symbol PIX. For more information visit: www.peer1.com

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