iNNERHOST Receives Investment for Latin American Expansion

iNNERHOST, a Miami-based corporation, sets its sights on Latin America

 

8/15/2000

MIAMI, FL — iNNERHOST, the leading global provider of managed hosting services, announced today that it has received expansion capital from a group of investors led by Spire Capital Partners, L.P., a $250 million private equity fund focused exclusively on the media and communications industries. Co-investors include Waller-Sutton Media Partners, L.P.

The funding will primarily be used to further expand iNNERHOST’s global presence into the Latin American market where demand for advanced hosting and infrastructure development is at an all time high. iNNERHOST’s quick, reliable and cost effective solutions will allow companies in Latin America the opportunity to compete in the new economy. iNNERHOST’s clientele include multinational companies such as Lockheed Martin, Coca-Cola, Bosch, and Banco Internet.

“Our strong U.S. presence and depth of experience managing Microsoft products, combined with our highly knowledgeable multi-lingual staff is the driving force in solidifying our position in the Latin American Internet market. Our goal is simple: to empower the Internet revolution in Latin America,” said Luis Navarro, CEO of iNNERHOST.

Sean C. White, a Principal at Spire Capital, said, “We are excited about our investment in iNNERHOST. The Company is well positioned to meet the advanced hosting needs of companies seeking to use the Internet in connection with their everyday business offerings. We are very impressed with the Company’s management team, their technology background and market strategy.”

About iNNERHOST

iNNERHOST, INC. is a Microsoft Certified Solutions Provider, which delivers speed, reliability and quality customer service. iNNERHOST’s solutions enable companies to capitalize on the latest Microsoft technologies quickly and cost-effectively by alleviating the burdens associated with building, operating and maintaining the infrastructure required to support crucial applications. iNNERHOST clientele include companies such as Lockheed Martin, Coca-Cola, Banco Internet and LearnAsp.com

For additional information, contact Maria Tartaglia, Reiser & Reiser/GrupoUno Intl. at 305-448-6111 or Maria@Grupouno.com.