7.10.2018 PISCATAWAY, NJ AND HOMEWOOD, AL – 1STPOINT COMMUNICATIONS ACQUIRES THE ASSETS OF HIWAAY INFORMATION SERVICES

Tue, 10 Jul 2018 19:17:00 GMT

7.10.2018 PISCATAWAY, NJ AND HOMEWOOD, AL – 1STPOINT COMMUNICATIONS ACQUIRES THE ASSETS OF HIWAAY INFORMATION SERVICES

1stPoint Communications announced today that it has completed the acquisition of the assets of HiWAAY Information Services, Inc. Since 1995 HiWAAY has provided hosting and email services, data center colocation, Internet access, and private network services to subscribers from its facilities in Alabama.

“The acquisition of HiWAAY’s assets builds on the success we have had with the acquisition of WebSite Source,” said Erik Levitt, 1stPoint’s CEO. “Access to retail subscribers is a very important part of our business plan. The HiWAAY name is well known in the local market and will provide us the building blocks that we need to service the marketplace in the southeastern United States, which we see as strategically important.”

1stPoint will continue to operate the HiWAAY facility in Homewood and will add the facility to its MPLS network, adding a number of private networking resources to HiWAAY’s existing products. The new services offered to HiWAAY clients will include 1stPoint’s line of collaboration tools, business texting, and more advanced hosting offerings including its virtual desktop environment. HiWAAY services, including email spam protection, will be added to other 1stPoint product offerings.

“This is a great outcome for the customers, employees, and the owners of HiWAAY,” said Jason Mohprasit, one of HiWAAY’s two owners. Mr. Mohprasit and Mr. Chris Campbell grew HiWAAY from 2010 to 2018, migrating the business from a dial-up and DSL provider into an advanced hosting provider. “We are very excited to see 1stPoint’s team take the business to the next level,” added Mr. Campbell.

Benchmark International represented HiWAAY in the transaction and was responsible for the introduction to 1stPoint. “We are very pleased with the outcome of this transaction” said Robert West, Senior Associate at Benchmark. “The transaction went smoothly and we hope that we can work with Benchmark on future projects,” added Levitt. Benchmark provides growth and exit strategies to businesses interested in creating transformative events.

On May 8th, 2018 Hammer Fiber Optics Holdings Corp (OTCQB:HMMR) d/b/a Hammer Communications announced a letter of intent to acquire the stock of 1stPoint. “There is increased synergy between the assets recently acquired by 1stPoint as part of this purchase,” said Mark Stogdill, Hammer’s founder.

“We welcome the HiWAAY team and look forward to working with the clients and expanding our relationship with them,” added Kristen Vasicek, the Director of Marketing for 1stPoint, who was involved in the acquisition. “HiWAAY’s reputation as being an outstanding service provider with a nationwide capability but a local touch will help us continue to establish our New Way to Work strategy.”

The details of the transaction were not disclosed.

About Benchmark International

Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners achieve their personal objectives and ensure the continued growth of their businesses.

About 1stPoint Communications

1stPoint Communications provides integrated messaging, voice, data and mobile service for small businesses, enterprises and carriers. 1stPoint is committed to delivering all of the services business need to interact with their customers, employees and suppliers, providing its clients a New Way to Work.

Contact:

Kristen Vasicek

Director of Marketing
212-884-4400 Option #2

1stPoint Communications Acquires Certain Assets of Web Hosting Group Corp.

Tue, 26 Jul 2016 13:27:00 GMT

1stPoint Communications (“1stPoint”) announced today that it has acquired certain virtual hosting assets from Web Hosting Group, Corp. (“WHGC”), including its Web Site Source, Speedfox and Low Priced Domains brands (“WSS”). WSS provides virtual private servers, shared hosting and domain hosting services to small and medium-sized businesses as well as enterprise clients. “We are very excited to add these services to our growing telecommunications portfolio,” commented Erik Levitt, CEO of 1stPoint. Strong demand for cloud computing prompted 1stPoint to evaluate its options in the market. “Our existing access to fiber and data center assets as well as our existing CLEC infrastructure, we are able to leverage our scale as well as provide new, innovative services to WSS’s clients.”

Randy Reineck, President of WHCG said: “We are very pleased with the outcome of this transaction and believe that the combination of these assets with the existing 1stPoint infrastructure, customers will realize both short and long term benefits.”

WHCG was represented by Millitzer Capital in the transaction. “We originally represented Web Site Source in it's sale to WHCG some eight years ago. I am pleased that the same group elected our firm to assist in the consummation of a transaction which will be beneficial to both the seller, buyer and ultimately the customers of Web Site Source,” commented Tom Millitzer, President of Millitzer Capital.

1stPoint announced the deployment of its hosted SMSC platform last year, adding texting to its suite of hosted voice and SIP trunking, metro Ethernet and MPLS products. “The WSS assets hosting and cloud services we continue to move toward our goal of providing our clients with a new work experience,” added Levitt.

Recent News

7.10.2018 PISCATAWAY, NJ AND HOMEWOOD, AL – 1STPOINT COMMUNICATIONS ACQUIRES THE ASSETS OF HIWAAY INFORMATION SERVICES

7.10.2018 PISCATAWAY, NJ AND HOMEWOOD, AL – 1STPOINT COMMUNICATIONS ACQUIRES THE ASSETS OF HIWAAY INFORMATION SERVICES

1stPoint Communications Acquires Certain Assets of Web Hosting Group Corp.