VIA NET.WORKS Extends Reach into Swiss Hospitality Market through AcquisitionÊ

NET.WORKS, Inc., a leading provider of business communication solutions to small and medium-sized enterprises in Europe and the United States, today announced that its Swiss subsidiary has acquired the customer accounts of FORUM fuer Telematik AG, a specialist web-design and hosting company serving the Swiss hotel and restaurant market. The terms of the transaction were not disclosed.
? Immediate penetration of Swiss hotel & restaurant market

? Opportunity to upsell existing portfolio to new customer base

? VIA continues to execute on vertical market focus

The acquisition of FORUM’s customer accounts extends VIA’s reach into a key vertical market in Switzerland, opens the opportunity to deliver VIA’s existing product portfolio, including DSL, VPN, data security and voice solutions, to these customers and allows VIA to leverage and expanded market expertise in the hospitality market to its other operations in Europe and the USA.

Commenting on the transaction, Rhett Williams, CEO of VIA NET.WORKS, said: “This transaction continues our strategy of designing, marketing and delivering business communication solutions for selected vertical market segments. It gives us a headstart in delivering our unique range of business communication solutions to the Swiss hospitality market. We intend not only to grow the existing customer base in this market in Switzerland, but to export this expertise to other markets.”

Kurt E.Meier, Chairman of FORUM fuer Telematik AG, stated: “I am delighted that the customers whom we have been proud to serve over the past six years will now be managed by VIA. They will experience a seamless transfer of their websites to VIA’s platform and, as well as having access to a much wider range of services to support their business, they will also continue to experience a consistently high quality of support for their existing services. ”