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SherWeb announces acquisition of DNAmail


SherWeb increases its customer base and expands hosted providers market coverage by acquiring DNAmail.

Montréal, April 11, 2011
— SherWeb, a world-leading provider of email and collaboration hosted solutions and a Microsoft Gold Certified Partner, announced today the acquisition of the DNAmail division of DSL Extreme, a privately held retail brand of IKANO Communications, Inc. The terms of the transaction have not been disclosed. Headquartered in California, DNAmail has been providing hosted Microsoft Exchange services to small- and medium-sized businesses and organizations, as well as private label resellers.

George Naspo, Chief Executive Officer of IKANO Communications, commented the transaction: “Exchange hosting has been a solid business for us over the years, but we're currently focused on other opportunities. Yet we would only sell to an established hosted solutions provider that would continue and build upon the high level of service expected by our current DNAmail users. SherWeb is an outstanding provider in the marketplace and we are positive that our former customers will be thrilled with SherWeb's extended offerings and premium customer service.”

“Over the years, we have worked hard to become a worldwide leader in the cloud business. The acquisition of DNAmail brings us one step closer in accomplishing this goal,” stated Peter Cassar, President and Chief Executive Officer of SherWeb. SherWeb's determination, motivation and expertise have resulted in a 1332% increase in revenues from 2006 to 2010, a score that will most likely increase this year.

As for the transition, SherWeb intends to keep using the DNAmail brand together with its own for an undetermined period in order to ensure a seamless transition for DNAmail customers and partners, as they get accustomed to SherWeb's expanded service offerings, including the latest hosted Microsoft solutions such as Exchange 2010 and SharePoint Foundation 2010.

Blue Beacon Capital served as the exclusive financial adviser to SherWeb in connection with this transaction.

Contact:
media@sherweb.com



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