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View original thread:  Thruport Acquires UltiData Hosting Business


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NewsDesk
Thruport Technologies' Managed Hosting division announced it has acquired the hosting services assets of UltiData, LLC, a Maryland-based provider of database management technology and services. UltiData works with enterprises to simplify how database-intensive Internet applications access, retrieve, and manage information in the most efficient manner. Thruport's managed hosting infrastructure, multi-peered network, engineering talent, and software development capabilities are a natural complement for these enterprise clients.

Thruport COO, Rick Smith, commented that "UltiData has built some very impressive technology to manage the database layer and sought a partner that offers a personalized, world-class managed hosting platform. We're already working with UltiData on several engagements; acquiring its hosting business made perfect sense to cement the relationship." Jeff Bateman, UltiData's founder and CEO, added that "UltiData is working with some of the more resource-intensive applications delivered via the Internet. Our enterprise clients demand the best - from development to management to infrastructure. Thruport, with its team's years of hosting and network experience, is a great value-add to our clients. We look forward to going to market together on a number of initiatives." As part of the transaction, Thruport will acquire and operate UltiData's managed hosting and network businesses. Financial terms of the deal were not disclosed.
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