Bell Atlantic Makes $25 Million Equity Investment in Interland
May 10, 2000
NEW YORK -- Bell Atlantic today announced a $25 million investment in Interland, Inc., which provides turnkey Web and application hosting solutions for small- and medium-size businesses. Along with the strategic investment, the companies have executed a non-binding letter of intent to enter into co-marketing and reseller relationships with minimum initial terms of three years.
"We are impressed with Interland's customer support system and the reliability of its technology," said Regina Novotny, group president of Bell Atlantic's general business division. "We look forward to offering our customers solutions from Interland to help them grow their businesses, save money and work more efficiently using the Web.
"We believe that Interland's application expertise and infrastructure will be a good complement to Bell Atlantic's high-speed Internet access services and leading electronic yellow pages service, Big Yellow®," Novotny said.
Interland, Inc. provides a broad range of Web and applications hosting and other related Web-based business solutions specifically designed to meet the needs of small to medium-sized businesses. All Web and applications hosting services include the computer hardware, software, network technology, and systems management necessary to support its customers' Web sites and Web-based applications. Interland's hosting services are based primarily on the Microsoft® NT and Red Hat Linux operating systems, providing diversity and flexible options to its customers.
For additional news and information, please visit www.interland.com
About Bell Atlantic
Bell Atlantic is at the forefront of the new communications and information industry. With more than 44 million telephone access lines and more than 20 million wireless customers worldwide, Bell Atlantic companies are premier providers of advanced wireline voice and data services, market leaders in wireless services and the world's largest publishers of directory information. Bell Atlantic companies are also among the world's largest investors in high-growth global communications markets, with operations and investments in 23 countries.