June 7, 2002 -- ClearBlue Technologies has completed the purchase of AppliedTheory Corporation's managed hosting business after prevailing in a bankruptcy auction held May 24, the companies said yesterday.
ClearBlue, which operates a chain of data centers, said the deal will allow it to to offer new and existing customers a breadth of managed services and provides them with direct access to ClearBlue's nationwide facilities.
"We're pleased about this groundbreaking acquisition because it allows us to move firmly into the managed services area with an established, proven services offering," said Mark Lambourne, president, ClearBlue Technologies. "By acquiring a proven market performer, we're delivering on our commitment to providing a complete outsourced IT solution, from colocation to web hosting."
ClearBlue said it will immediately begin offering the newly acquired services in all its facilities and anticipates a seamless consolidation process. AppliedTheory will continue to operate under its own name in Syracuse, NY.
ClearBlue operates approximately 450,000 square feet of colocation space at 21 carrier-neutral data centers throughout the United States. The company's UK operating entity, ClearBlue Technologies Ltd., operates one facility in London.