Thruport News

Thruport Acquires AppRack Hosting Business: Deal Expands Thruport's Managed Hosting Customer Base In Sun Hosting Segment

Alexandria, VA, August 5, 2002 -- Thruport Technologies' Managed Hosting division today announced it has acquired the assets of AppRack, LLC, a respected regional provider of dedicated hosting services. AppRack has focused on the Sun and Linux platforms and brings a number of local and national enterprise clients to Thruport's growing Managed Hosting division. As part of the transaction, AppRack and its principals will become non-exclusive agents for Thruport's broad range of hosted services, primarily serving the mid-Atlantic region.

"The combination with AppRack was a logical move for Thruport," stated John Shomaker, Thruport's VP, Corporate Development. "Thruport has provided the hosting infrastructure for AppRack since its inception more than two years ago. The deal enables Thruport to expand its customer base and Sun expertise, while at the same time allowing AppRack to grow its sales network."

According to Shomaker, Thruport's Managed Hosting division is growing 20% month-to-month, even in the current economic climate, and the privately-held company carries no debt. "Thruport's management team has been involved in hosting since 1994. We've seen the business models come and go, and continue to hold that service is the key to steady, profitable growth. Clearly, the continued demand we've experienced from enterprises is, in part, due to their concern over failing or financially-troubled providers. We solve that problem and are prepared to work with the most demanding technology environments." Terms of the acquisition were not disclosed.

About Thruport Hosting:
Thruport Technologies' Managed Hosting division (www.thruport.com) offers a broad range of managed services from dedicated platforms to database, security, and clustered configurations. Thruport supports Sun, Apple, Linux, and W2K environments, specializing in serving enterprises with resource-intensive commerce, streaming, and transaction requirements. Thruport's world-class data center and network operations are located in Alexandria, VA.