Microsoft Exchange hosting provider Intermedia has been acquired by Oak Hill Capital Partners.
The private equity firm said that Phil Koen, former CEO of Web hosting provider Savvis will become the new CEO of Intermedia as a result of the purchase. No financial terms were disclosed.
Intermedia currently manages 320,000 premium Microsoft hosted Exchange mailboxes and boasts 38,000 business customers as well as 6,800 global channel partners.
Michael Choupak, who founded the company in 1995 said: “We are proud to have built this company from a startup to a profitable, major player in the IT (Web) hosting industry, with no outside investments. We are now the leading independent provider in a rapidly growing market. It is very exciting to see Intermedia take this important step to the next level as it aligns itself with great partners to drive further growth.”
Oak Hill Capital manages more than $8.4 in private equity capital. The firm has exposure to the data center and colocation Web hosting sectors through investment in ViaWest, Savvis, The Telecity Group and Cincinnati Bell.
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