FastServers Acquisition Article

MidwestBusiness has a follow-up article to the FastServers acquisition by Layered Tech. The article mentions a potential $15 million purchase price and that owners Ian and Travis are free to move on to other ventures after a 60 day consulting agreement expires. Hey Ian and Travis, I really think you need to buy a Lamborghini -- and more specifically, come let me drive it! :)

Check out the Midwest Business article here.

NOTE: Because of my Iowa-bias, I must note that the article incorrectly states "Cedar Rapids" data center --- it is really Cedar Falls data center.

Layered Technologies Acquires FastServers

Dedicated server provider FastServers has been acquired by Layered Technologies for an undisclosed amount. On March 11, 2008 LayerdTech secured $11 million in private funding.

"The acquisition will combine the expertise of FastServers.net in managed dedicated hosting with Layered Technologies’ leading Grid and unmanaged offerings. The combination of Layered Technologies and FastServers will offer a new range of superior services significantly benefiting customers."

The integration of the two companies will begin immediately and combined, they will service over 6,000 clients. FastServers has data centers in California, Chicago and Cedar Falls, Iowa.

Check out the press release here.

I have known FastServers for some time now -- CONGRATS Ian, Travis, Terrance and AP!!