NeoSpire, Parent Company of HostGlobe, Formed to Serve Growing Internet Infrastructure Management Market

DALLAS (March 15, 2001)

Recognizing the market demand for more comprehensive Internet infrastructure management, two Web veterans have launched a company to provide corporate customers with advanced Web and application-managed services. The new company, NeoSpire, offers the technology infrastructure, management expertise and integrated partnerships with companies such as BEA and Intel, to provide complementary value to corporations.

Derek Wilson, Chief Executive Officer and Mitch Gervis, company President, who previously founded a Dallas-based global Web hosting company, said NeoSpire will focus on providing outsourced Internet infrastructure and managed services to larger corporations. Solutions offered by NeoSpire will enable those businesses to establish and maintain their Internet presence by providing a customized infrastructure and a unique variety of application management services. Key services will include packaged offerings designed around Web developer tools and rapid configuration, deployment, monitoring and comprehensive management of complex applications.

Forrester Research estimates that the managed hosting market will reach near $10 billion by 2004, half of the total hosting market. According to Gervis, 28 percent of all IT projects are outsourced currently, and that number is expected to rise to 53 percent by 2003.

“Our services alleviate the costly and time-consuming task of building network infrastructure and hiring IT personnel,” says Wilson. “This allows our customers to remain focused on their core competencies.”

Those customers include Cellular One, ABC Radio, The Federal Reserve Bank of Dallas and Dallas Mayor Ronald T. Kirk. NeoSpire will focus its initial attention on Texas and operates a modern, in-house data center in Dallas.

“This is a very strong corporate area,” Wilson noted. “There are many companies who are in the second generation of websites who want assistance or want out of the day-to-day website management altogether.”

Wilson and Gervis have also assembled a world-class advisory board which includes Roy Bostock, Chairman of the Bcom3 Group; Mike Krzyzewski, Head Basketball Coach at Duke University; Gary Wilson, Chairman of Northwest Airlines; Andrew Stern, Chairman of Sunwest Communications; John Wollman, Senior Vice-President of Alliance Consulting; Dan Allen, Founder of Executive and Professional Search Inc. and Andrew Sriubas, Director of Credit Suisse First Boston.