M&A Deal Summary

SoftLayer Technologies Acquires ThePlanet.com Internet Services

On November 8, 2010, SoftLayer Technologies acquired information technology company ThePlanet.com Internet Services

Acquisition Highlights
  • This is SoftLayer Technologies’ 1st transaction in the Information Technology sector.
  • This is SoftLayer Technologies’ 1st transaction in the United States.
  • This is SoftLayer Technologies’ 1st transaction in Texas.

M&A Deal Summary

Date 2010-11-08
Target ThePlanet.com Internet Services
Sector Information Technology
Buyer(s) SoftLayer Technologies
Deal Type Add-on Acquisition

Target

ThePlanet.com Internet Services

Houston, Texas, United States
ThePlanet.com Internet Services, Inc., doing business as The Planet, provides on demand information technology (IT) infrastructure solutions in North America and internationally.

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Buyer(S) 1

Buyer

SoftLayer Technologies

Dallas, Texas, United States

Category Company
Founded 2005
Sector Internet Software and Services
Revenue 425M USD (1970)
DESCRIPTION

SoftLayer Technologies, Inc. is a provider of on-demand data center and hosting services from facilities across the U.S.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1