iNET Interactive Acquired By Private Equity Group

R

relledge

Guest
Community Members:

It is with great pleasure that I announce to you that effective November 1, 2005, iNET Interactive was acquired by Stoddard Hill Capital, and Troy Augustine has succeeded me as the President and Chief Executive Office of iNET Interactive. More details surrounding this transaction can be found in the press release which can be found at http://www.hostingtech.com/?m=show&id=980.

We are excited about Troy’s desire to continue operating iNET in the fashion we have and know he will bring the energy and capital necessary to continue growing iNET Interactive in the years to come.

With this announcement the immediate questions that will undoubtedly be asked revolve around how this will impact this site, the community, and the advertisers. First, Troy and I want to assure you that he does not plan any immediate changes, and changes that do occur in the future will be discussed with community leaders and members in advance. Troy has agreed that he will continue with iNET’s stance on separating advertising from editorial, meaning that the admins and moderators will continue operating as they have in the past. He has also indicated he will continue iNET’s practice of not allowing intrusive pop-up and pop-under advertisements.

You should know that iNET plans to upgrade all of it’s vBulletin sites to the new 3.5 version in the near future. SwishTalk.com and WebHostingTalk.com have already been upgraded. The others will be done in the coming months.

Also, we want to state that the current iNET team continues to operate the company, under the new direction of Troy. While some members of the iNET team will eventually move on to work with other Aberration! Venture investments, some will continue with iNET for the long haul. Gabriel Murphy, iNET’s founder, and myself have committed to a long term consulting and advisory role with Troy.

We anticipate there will be numerous questions with this announcement. As such, Troy and I will make ourselves available for an IRC chat today, Friday November 11, from 4:00 pm Eastern until 5:00 pm Eastern. You can join us at http://www.inetirc.com in the #INET channel during that time.
 
Joined
Jun 11, 2003
Messages
4,915
Reaction score
68
Points
48
Location
Mount Vernon, WA
Your Mac's Specs
MacBook Pro 2.6 GHz Core 2 Duo 4GB RAM OS 10.5.2
Excellent! We get raises! :)
 
Joined
Jul 22, 2003
Messages
6,999
Reaction score
187
Points
63
Location
Hamilton College
Your Mac's Specs
20" iMac C2D 2.16ghz, 13" MacBook 2.0ghz, 60gb iPod vid, 1gb nano
vBulletin 3.5 yummy
 
Joined
Feb 25, 2003
Messages
5,279
Reaction score
138
Points
63
Location
Tropical Island, Jealous?
Your Mac's Specs
MacPro 3.0Ghz 16GB RAM, 4x256 Vid, 30''cinema display
Finally my pocket book will get fatter.
 
Joined
Oct 27, 2002
Messages
13,172
Reaction score
348
Points
83
Location
Cleveland, Ohio
Your Mac's Specs
MacBook Pro | LED Cinema Display | iPhone 4 | iPad 2
Yes, your salary will be doubled! ;)
 
Joined
Jan 15, 2003
Messages
4
Reaction score
16
Points
3
Location
Whangarei, New Zealand
Your Mac's Specs
Pwnt
Aww here I was hoping for a tripled salary.
 
Joined
Aug 23, 2005
Messages
747
Reaction score
23
Points
18
Location
Sacramento, CA
Your Mac's Specs
iMac G5
you guys get paid for this?
 
Joined
Jul 22, 2003
Messages
6,999
Reaction score
187
Points
63
Location
Hamilton College
Your Mac's Specs
20" iMac C2D 2.16ghz, 13" MacBook 2.0ghz, 60gb iPod vid, 1gb nano
base salary 50k/yr
 

Shop Amazon


Shop for your Apple, Mac, iPhone and other computer products on Amazon.
We are a participant in the Amazon Services LLC Associates Program, an affiliate program designed to provide a means for us to earn fees by linking to Amazon and affiliated sites.
Top