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INTERNET.COM ACQUIRES ASPNEWS.COM, LEADING WEB SITE FOR APPLICATION SERVICE PROVIDERS
(New York, NY-January 31, 2000)--internet.com (Nasdaq: INTM), the E-Business and Internet Technology Network, today announced that it has acquired ASPnews.com, a leading provider of news and analysis for the Application Service Provider (ASP) industry. Terms of the acquisition were not disclosed.
ASPnews.com is the flagship Web site of the ASP News Review, a leading monthly e-mail newsletter for the ASP industry's decision-makers and strategists, along with other online publications for the ASP community. ASPnews.com publications have established a global reputation among vendors, providers and their customers for their coverage of the ASP phenomenon. Co-founders Phil Wainewright and Olga Ojogina will both join internet.com to continue their work with ASPnews.com.
"The acquisition of ASPnews.com is yet another example of how internet.com continues to add premier resources to its network of vertical communities for Internet professionals. By having proprietary content leadership in these various e-business channels, internet.com continues to expand its marketplace for advertisers and e-commerce partners," said internet.com chairman and CEO Alan M. Meckler.
"With its global reach and a culture of innovation in information services for the Internet industry, internet.com is a perfect match for ASPnews.com," said the site's co-founder and managing editor Phil Wainewright. "Now we can move forward with enhanced services for our readers and subscribers, at the same time as keeping pace with the explosive growth rate of the Application Service Provider industry."
Application Service Providers (ASP) are third-party entities that manage and distribute software-based services and solutions to customers across a wide area network from a central data center. In essence, ASPs are a way for companies to outsource some or almost all aspects of their information technology needs. Although the ASP market is still relatively new, industry analysts foresee rapid growth. According to a recent Dataquest report, the ASP market is expected to grow to $22 billion by 2003. The market includes many recent startups, including NaviSite (Nasdaq: NAVI), Verio (Nasdaq:VRIO), Citrix (Nasdaq:CTRX), US Internetworking (Nasdaq: USIX) as well as established technology companies such as IBM (NYSE: IBM).
internet.com Corporation (http://www.internet.com), based in New York, NY, is a leading provider of global real-time news and information resources for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com operates a network of 93 Web sites, 73 e-mail newsletters, 101 online discussion forums and 75 moderated e-mail discussion lists with over 2 million unique visitors that generate more than 90 million page views monthly. Total "views", which include Web site page views, e-mail newsletter views and e-mail discussion list views, are now over 150 million per month. internet.com's global presence includes editions in Arabia, Asia, Australia, Canada, China, France, Germany, Israel, Japan, South Africa and the United Kingdom. In addition, internet.com with its related internet.com Venture Fund I and Venture Fund II is an investor in a growing number of business-to-business content sites and related Internet media properties.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding internet.com Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Prospectus dated June 25, 1999, Annual Report or Form 10-K for the most recently ended fiscal year, when available.
For more information contact:
Steve Rubel
Schwartz Public Relations
(212) 677-8700 x23
[email protected]
Nicole Catalano
internet.com Corporation
(203)-662-2870
[email protected]
All current internet.com Corp. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.