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TUCOWS Interactive Sold to B. Steinmetz

Toronto-based download site TUCOWS Interactive Ltd. said that the majority of the company has been acquired by B. Steinmetz Technology Holding International, a private financial investment company.

Under the agreement, STHI, through TUCOWS.com Inc., has acquired all of TUCOWS assets and businesses. Additional investors in the acquisition include representatives from the Arison Group, including Bank Hapoalim, Eurocom, F.I.B.I. Investments, and XDL, a Toronto-based venture capital fund. TUCOWS ( It calls itself the "Ultimate Collection of Winsock Software") will be operated through the new entity, TUCOWS.com Inc. Financial terms of the deal were not disclosed.

STHI will maintain control and chairmanship of TUCOWS.com. TUCOWS founders and managers, Scott Swedorski and Elliot Noss, will retain an interest in the company. Noss will remain as president of TUCOWS.com, and Swedorski will remain as editor-in-chief of the site.

"TUCOWS is poised to become the leading online software delivery company," said Beny Steinmetz, chairman of TUCOWS.com. We expect to leverage TUCOWS' unique online distribution avenues to grow our reach of audience."

"The strength of Beny Steinmetz's group will open up exciting opportunities for growth at TUCOWS," said Elliot Noss, president of TUCOWS. "We are looking forward to this new phase in the development of our business. Expect to see a host of new services with TUCOWS.com."

STHI has invested in more than 35 high-tech companies worldwide, including comparative shopping on the Internet; text analyzing and automatic e-mail answering; distance learning; security; e-commerce; Web-based e-mail; high speed communication modems; digital images; authentication and signatures; net exchanges and online retail sales companies.

TUCOWS was founded in 1994 as a public service to new Internet users. Today it offers an array of electronic downloaded software programs that can be accessed at over 900 mirror sites on six continents. The site claims more than 70 million pages per month.



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