Interland Acquires AT&T's Small-Business Hosting Assets

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Web hosting provider Interland Friday said it acquired AT&T's small-business-focused hosting assets in a deal valued between $4 million and $12 million.

The acquisition includes the shared and dedicated assets related to AT&T's Small Business Hosting Service and Business Ready Dedicated Hosting Service, according to an Interland statement.

"By being highly selective in our account acquisition strategy, we are leveraging our strong cash position to achieve greater scale and accelerate our drive to cash flow profitability," said Joel Kocher, chairman and CEO of Atlanta-based Interland, in the statement.

Last month, Kocher told analysts he plans to grow the business through acquisitions.

Interland earlier this month abandoned its bid to buy hosting assets from e.spire Communications, a telecom provider that filed for bankruptcy last March.

And in October, Interland acquired Web hosting assets from Interliant, a Purchase, N.Y.-based ASP. Terms of the deal weren't disclosed.

Shares of Interland traded up 7 cents to $2.15 Friday morning following the news.

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