ClearBlue
Expands Service Offerings
Company completes acquisition of AppliedTheory managed services
unit
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.
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