MOUNTAIN VIEW, CA -- (Marketwire) -- 02/01/13 -- Intermedia, a global leader in cloud services, and the world's largest third-party Microsoft Exchange hosting provider, announced today that Scott Allen, CFO, will present at the Stifel Nicolaus 2013 Technology Conference at the Ritz Carlton Hotel in San Francisco on February 6, 2013 at 3:50 PM PST. Mr. Allen will provide an overview of Intermedia as well as discuss the company's recently announced acquisition of Telanetix (OTCQB: TNIX) (or "Telanetix" d/b/a AccessLine). The event provides institutional investors with access to senior management and industry experts, features emerging growth industries and evaluates trends impacting the technology sector.
On January 22, 2013, Intermedia and Telanetix announced a definitive agreement under which Intermedia will acquire Telanetix for approximately $55 million, which includes the assumption of approximately $13 million in net debt and certain liabilities. The transaction enhances Intermedia's suite of integrated cloud services managed with its proprietary HostPilot® Control Panel, and brings scale to the voice operations of the combined company.
Intermedia is the premier provider of cloud services to small and medium-sized businesses and the world's largest third-party provider of hosted Microsoft Exchange. Intermedia's Office in the Cloud suite offers essential business services -- including hosted Exchange, Hosted PBX and Cloud Server -- that enable customers to communicate, collaborate, manage content and run their business applications. All of these services are managed using Intermedia's powerful HostPilot control panel. Intermedia's services are delivered from top-tier datacenters, protected by enterprise-grade security, and supported by its premium 24/7 customer care. Fully integrated and designed for mobility, these services provide a worry-free experience that keeps customers focused on doing business. Intermedia also empowers thousands of partners -- including MSPs and select Fortune 500 companies -- to sell cloud services under their own brand. Founded in 1995, Intermedia was the first to offer hosted Microsoft Exchange. Today, Intermedia's Business Cloud powers over 550,000 premium hosted Exchange mailboxes -- far more than any other provider. In January 2013, Intermedia announced that it has agreed to acquire Telanetix, Inc. (OTCQB: TNIX) (or "Telanetix" doing business as AccessLine) a leading provider of cloud-based communications solutions. For more information, visit Intermedia.net.