RealTime IT News

IBS Interactive to Acquire Renaissance Internet

Internet services provider IBS Interactive Inc. Thursday acquired Huntsville, Ala-based ISP Renaissance Internet Services.

Financial terms of the pending purchase were not disclosed.

Founded in 1994, Renaissance Internet Services provides Internet access and web design and development.

"Combining with IBS Interactive marks an important step forward in our company's growth and development," said Mark Van Dyke, director of Renaissance Internet Services.

"IBS' turnkey approach will enable us to cross-sell our services with those in the existing operation and take our business to a new level."

The acquisition is the fourth for IBS in the past four months. On Dec. 14, IBS acquired Halo Network Management, LLC, a network management company in Eatontown, N.J., and on Dec. 3, the company acquired MBS, Inc., a Huntsville, Ala. Certified Technical Education Center (CTEC) Partner providing Microsoft solution training. In addition, on Sept. 28, IBS acquired DESIGNfx Interactive, a privately-held full-service Internet development and online management company based in Cherry Hill, N.J.

"Expanding Internet services is a key growth component for IBS," said Nick Loglisci, president and chief operating officer of IBS Interactive.

"By acquiring Renaissance Internet Services we not only strengthen our position as a leading Internet Service Provider but also augment the IBS turnkey business model into the Southeast region."

"This acquisition compliments our existing training and consulting operations in the Southeast and enables IBS to now provide clients with Internet services such as dial-up and dedicated access, Web-site hosting and Web-site development," Loglisci said.