AOL, Verio Ink Web Hosting Alliance
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Verio will host business Web sites on AOL, CompuServe, AOL.com and AOL's Digital City guides.
AOL will receive guaranteed payments of at least $42.5 million and will also receive an unspecified portion of future revenues. Verio will also receive advertising and promotion through a co-branded Web site that will promote Verio's Web hosting and e-commerce solutions.
As part of the agreement, about 7,000 AOL PrimeHost and CompuServe BusinessWeb customers will have their sites hosted by Verio. (VRIO)
Justin Jaschke, Verio's chief executive officer, said the partnership will expand the services both companies can offer to businesses.
"This new partnership vastly expands Verio's brand name recognition throughout its target market and underscores the position we have established as the world's leading provider of Web services for small and mid-sized businesses," he said.