UPDATE - DDoS Mitigation Pioneer Black Lotus bought the division managed hosting 8 × 8, Inc., a listed company. (NASDAQ: EGHT) delivering cloud communications services that include hosted PBX telephony, unified communications, call center software and video conferencing solutions
The acquisition Black Lotus won two new points of presence (PoPs) in Santa Clara, CA and Ashburn, VA. Management expects to continue the operation of these sites and expand the national network Black Lotus. Terms of the deal are not disclosed
Jeffrey Lyons, founder Black Lotus :. "We will develop our team and our diversity of knowledge"
"In doing so, we will bring the best in breed network infrastructure, additional capacity, and optional distributed denial of service ( DDoS) protection against attacks, "said Black Lotus founder Jeffrey Lyons in his blog. "In addition, we will develop our team, the diversity of knowledge, and improve our ability to serve you quickly and efficiently."
Black Lotus pioneered the first commercially viable DDoS mitigation system in 1999, only weeks after the first known DDoS attacks. Today Black Lotus offers a range of DDoS mitigation and DDoS protected hosting services , including cloud servers and bare metal servers powered by the platform OnApp Cloud .
UPdATE - 8 × 8 has officially announced today that it has sold its server activity devoted to IRC Company, Inc. (dba Black Lotus Communications) for $ 3 million in cash . The transaction was signed and closed on September 30, 2013. The dedicated server business, acquired by 8 × 8 in May 2010, has provided managed hosting services on dedicated servers to 288 customers at June 30, 2013.
for the year ended March 31, 2013, this business generated revenues of approximately $ 3.8 million and $ 753,000 in the first quarter of 2014. Infrastructure exercise of 8 × 8 as Service (IaaS) and office as enterprise service (DaaS) cloud hosting is not included in this transaction. The company has a gain of approximately $ 1 million related to this transaction in the second quarter of fiscal 2014.
"The sale of our dedicated server hosting business allows 8 × 8 to refocus its action on the pursuit of innovation and adoption of our leading, cloud services business offers, "said 8 × 8 CEO Vik Verma ." at the same time, this transaction strategic will have a positive effect on our gross margins and growth rates "
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