Q9 Networks Acquired for $361 million

ABRY Partners offers up $17.05 per share in cash for the Toronto-based Co-location and Managed Web hosting specialist.

August 25, 2008- (TopHosts News Brief) Boston-based private equity firm, ABRY Partners, has acquired Toronto-based Q9 Networks.

Q9 shareholders will receive $17.05 in cash. Q9, which trades under the symbol ‘Q’ on the Toronto Stock Exchange, closed at C$13.02 on Friday August 22.

A “go-shop” provision allows the infrastructure provider to entertain other offers until October 3, 2008.

Q9’s CEO, Osama Arafat, said in a release: “ABRY is one of the most experienced private equity firms in the media, communications, and information industry. We believe they are the right partner to continue our aggressive growth plans while providing outstanding service to our valued customers.”

In addition to co-location Web hosting, Q9 offers a complete suite of managed services including dedicated servers, systems monitoring, firewalls, VPN, load balancing and backup/restore.

Visit www.q9.com for further details.