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8x8 Announces Sale Of Dedicated Server Hosting Business To The Irc Company, Inc. (dba Black Lotus Co

EDT GalaxyVisions Named Top Dedicated Server Host HostReview.com says GalaxyVisions leads NYC web hosts. NEW YORK, Jun 13, 2013 (GLOBE NEWSWIRE via COMTEX) -- via PRWEB - GalaxyVisions, the New York metropolitan area's most affordable and customer-focused provider of Internet hosting services, announced today that it is among HostReview.com's top 10 providers of dedicated servers. The award cites GalaxyVisions' outstanding performance and value for dedicated servers. The judges examined several factors, including price, technology, reliability and overall performance of the hosting company's dedicated servers. "We are honored to receive this award recognizing our commitment to providing the most affordable and reliable Web hosting solutions," said Ruben Magurdumov, chief operating office and co-founder of GalaxyVisions. "From the day we started the company, our goal was to provide world-class service and reliability at an affordable price. This is a testament to our success." For a decade, GalaxyVisions has offered a wide selection of hosting solutions, ranging from virtual private servers (VPS) to dedicated servers. It's gained a reputation in the industry for its exceptional customer service, low prices and reliability. Its data center's proximity to Manhattan and fast, direct connections to the Internet have made GalaxyVisions the provider of choice for sensitive applications used by Internet telephone providers, financial traders and health care companies. "The Top 10 Web Hosting Awards are based on the overall product offering, value, customer service and users' reviews of the selected companies," according to HostReview.com. "We have included GalaxyVisions in the Top 10 lists this month because of both recent developments at your company and well-earned reputation for quality." GalaxyVisions' dedicated server plans, which are used by customers ranging from startups to Fortune 500 enterprises, support Linux and Windows on a wide array of hardware configurations. The servers feature name-brand servers running multicore microprocessors from Advanced Micro Devices and Intel, and they can be configured to each customer's exact specifications. The Web host also offers a range of managed service plans for clients who wish to leave administrative tasks to GalaxyVisions' team of highly trained systems engineers. Just this month, GalaxyVisions upgraded a number of its dedicated server plans with the latest hardware and software configurations. Details are available at GalaxyVisions.com. "We're always looking at ways to improve our offerings and stay at the cutting-edge of server technology," Magurdumov said. "At the same time, we'll never change our commitment to customer service, low prices and 99.9% uptime guarantee." The HostReview.com honor is just the latest for GalaxyVisions. In its decade of operations, GalaxyVisions has received awards from Inc.com, WebHostDir.com and Web Hosting Search.
For the original version including any supplementary images or video, visit http://www.marketwatch.com/story/galaxyvisions-named-top-dedicated-server-host-2013-06-13

The transaction signed and closed on September 30, 2013. The dedicated server hosting business, acquired by 8x8 in May 2010, provided managed hosting services on dedicated servers to 288 customers as of June 30, 2013. For the fiscal year ended March 31, 2013, this business generated revenue of approximately $3.8 million and $753,000 in the first quarter of fiscal 2014. 8x8's Infrastructure as a Service (IaaS) and Desktop as a Service (DaaS) cloud hosting business is not included in this transaction. The Company will report a gain of approximately $1 million related to this transaction in the second quarter of fiscal 2014. "The sale of our dedicated server hosting business enables 8x8 to sharpen its focus on the continued innovation and adoption of our core, cloud-based business service offerings," said 8x8 CEO Vik Verma. "At the same time, this strategic transaction will have a positive effect on our gross margins and growth rates, further illustrating the success and profitability of our cloud-based business model." Excluding revenue from the dedicated server hosting business, reported revenue from business customers in the first quarter of fiscal 2014 increased 24% from the amount reported for the first quarter of fiscal 2013, compared with the previously announced growth rate of 22%. Gross margin in the first quarter of fiscal 2014 was 72%, excluding dedicated server hosting revenue and cost of sales, compared with 71%, including dedicated server hosting revenue and cost of sales. Income from operations for the dedicated server hosting business was approximately $251,000 in the first quarter of fiscal 2014 and approximately $823,000 in fiscal 2013. "Black Lotus is looking forward to working with our new clients in supporting their needs," said Shawn Marck, Chief Technology Officer of Black Lotus. "Our culture is driven by exceeding expectations and delivering business solutions through technology. We now have three data centers in the United States; Los Angeles, Silicon Valley and Northern Virginia." NCC International represented 8x8, Inc. on an exclusive basis and provided financial advisory services during the transaction. 8x8 is providing the following unaudited pro forma consolidated statements of income as additional information for investors to consider with this release. About 8x8, Inc. 8x8, Inc. (NAS: EGHT ) empowers business conversations for more than 33,000 businesses with cloud communications services that include hosted PBX telephony, unified communications, call center software and video conferencing solutions. The company has been delivering business communications services since 2004 and has garnered a reputation for technical excellence and outstanding reliability. In 2012, 8x8 was named a market "leader" in Gartner's Magic Quadrant for Unified Communications as a Service (UCaaS) in North America and was recognized as the No. 1 Provider of Hosted IP Telephony by Frost & Sullivan and Synergy Research Group . For additional information, visit www.8x8.com , or connect with 8x8 on Google+ , Facebook , LinkedIn and Twitter . About Black Lotus Communications Black Lotus Communications is a California based security innovator which pioneered the first commercially viable DDoS mitigation solutions in 1999, weeks after the first known DDoS attacks. These advanced solutions enhance the security posture of SMB and Enterprise clients while reducing capital expenditures, managing risk, ensuring compliance, and improving earnings and retention. Breakthrough developments at Black Lotus include the world's first DDoS protected hosting network, the first IPv6 DDoS mitigation environment, and the first highly effective Layer 7 attack mitigation strategy. Black Lotus is expanding and recently secured its first financing round led by Industry Capital. For more information, visit www.blacklotus.net or follow Black Lotus on Twitter at https://twitter.com/ddosprotection . About NCC International NCC International is among the nation's leading M&A and financial advisory firms specializing in the Internet, Web Hosting, Telecom and SaaS sectors. Over the past 20 years NCC has completed over 300 assignments. Its clients range from NASDAQ firms to small privately owned companies. For more information contact Tom Millitzer at 239-282-5550 or visit www.com-broker.com . The following unaudited pro forma condensed consolidated statements of income of the Company give effect to the sale of its dedicated server hosting business, which occurred on September 30, 2013. The historical financial information of the Company set forth below has been derived from the unaudited condensed consolidated statements of income of the Company included in the Company's Quarterly Reports on Form 10-Q for the quarters ended June 30, 2012, September 30, 2012, December 31, 2012 and June 30, 2013 and the historical audited consolidated statement of income of the Company included in the Company's Annual Report on Form 10-K for the year ended March 31, 2013. The unaudited pro forma condensed consolidated statements of income were prepared as if the sale had occurred on March 31, 2012. Pro forma condensed consolidated statements of income for the five most recently completed quarters and the most recently completed fiscal year are presented because the treatment of the dedicated server hosting business has not yet been reflected as discontinued operations in the Company's historical information, except as noted above. The unaudited pro forma condensed consolidated statements of income have been prepared by the Company's management for illustrative purposes only and is not necessarily indicative of the results of operations in future periods or the results that actually would have been realized had the Company sold the dedicated server hosting business during the specified periods. The pro forma adjustments are based upon assumptions that the Company'smanagement believes are reasonable.
For the original version including any supplementary images or video, visit http://www.dailyfinance.com/2013/10/04/8x8-announces-sale-of-dedicated-server-hosting-bus/

If you are planning to start a business website, it is essential that you select the right hosting plan. There are several different kinds of hosting plans for you to choose, and they offer different capabilities and features. Successful online businesses prefer to use dedicated server hosting, because it can handle a large amount of traffic and provides better accessibility and uptime. Is dedicated server hosting the best hosting option for you? Pros of Dedicated Server Hosting Performance and Reliability A dedicated server offers unlimited bandwidth and disk space, and it enables you to have full control over the information and media that are accessed, shared and stored on your website. Since its processor power, disk space, memory and other system resources are not shared, it will not be slowed down or overwhelmed by traffic from other websites. Speed and Accessibility If you want to give your visitors the best experience, a dedicated server may be the ideal option for you. It allows your visitors to log-in and access all your pages more quickly. This is especially important when you are running an online store, ecommerce website or a website that deals with financial transactions. Security and Technical Assistance Since you are the only one who can access your dedicated server, you will enjoy a higher level of security. A dedicated server gives you a unique IP address for better privacy and security, and it offers the highest level of protection against malwares and adwares. Additionally, it provides access to round-the-clock technical support. It also comes with an advanced control panel that makes it more convenient for you to access features and manage your website. Cons of Dedicated Server Hosting Cost and Maintenance One of the main disadvantages of using dedicated server hosting is that it is more expensive than other hosting options. A dedicated server is fully dedicated to one or more websites owned by the same individual or company, and it is more complicated than other types of server. Setting up, maintaining and repairing such a server can be a big challenge for website owners. Most businesses use shared or virtual private server hosting first before switching to dedicated server hosting. Technical Requirements In order to establish a dedicated server and manage a website that is hosted on it, you need to have extensive networking knowledge and skills. Some of the things you have to be familiar with include IP routing, server mechanisms, MX records and others. If you do not wish to learn these skills, you can hire a dedicated server administrator or network administrator to manage your server. A dedicated server seldom crashes, but it can be very difficult to fix when it does. Dedicated server hosting is a suitable option if your website is drawing a lot of traffic or has to process financial transactions frequently. If you are starting a new business website, shared hosting or virtual private server hosting may be a better option for you. Author
For the original version including any supplementary images or video, visit http://www.hostreview.com/blog/130723-pros-and-cons-of-dedicated-server-hosting

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