Interland has sold its dedicated server assets so it can focus on web-hosting services. It sold the assets to Peer 1 Network Enterprises Inc. for $14 million in cash.
"The sale of the dedicated server assets is an important milestone in our restructuring plan and allows Interland to invest in our core lines of business - providing Web sites and online services to small and medium-sized businesses," said Jeffrey M. Stibel, CEO of Interland.
The company's dedicated customers, which represent approximately 5% of Interland's total accounts, should experience no immediate change in services and should receive continuity of Web site operations under Peer 1 Network.
Interland offers a wide selection of online services, including standardized Web hosting, ecommerce, application hosting, Web site development, online marketing and optimization tools.
http://www.interland.com
