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.
Director of Marketing
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