August 25, 2004

Web hosting and networking firm VIA NET.WORKS Inc. announced on Tuesday that it has completed its acquisition of the continental European operations of PSINet Europe BV.

The transaction, first announced on August 9, 2004, has resulted in VIA acquiring PSINet operations in Belgium, France, Germany, the Netherlands and Switzerland.

The five operations provide managed hosting, managed networks and monitored access services to more than 4,000 customers on mainland Europe.

The acquisition brings the VIA group's combined revenues to more than $110 million with a revenue mix of approximately 30 percent hosting, 55 percent access and 15 percent other managed services, such as VPNs and security.

Source: The WHIR