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Technology Stocks : Interliant, Inc. (INIT) -- Ignore unavailable to you. Want to Upgrade?


To: Richard Tai who wrote (1020)11/17/1999 9:31:00 AM
From: harryr26  Read Replies (1) | Respond to of 1214
 
Interliant Acquires Triumph Technologies, Inc.

Move Expands Interliant's e-business Security Expertise

PURCHASE, N.Y.--(BUSINESS WIRE)--Nov. 17, 1999--Interliant, Inc. (Nasdaq:INIT
- news), a leading application service provider (ASP) and outsourced e-business solutions provider, today announced it has
acquired Triumph Technologies, Inc., a provider of comprehensive IT consulting and e-business security solutions. This move
puts Interliant at the forefront of delivering one of the industry's most complete ASP and outsourced e-business solutions. In
addition, it expands Interliant's market reach to include Triumph's blue chip list of customers in the financial, healthcare,
insurance, manufacturing, retail and government industries as well as its industry leading partners such as Cisco, Check Point
Software, Lotus and RSA.

With this acquisition, Triumph Technologies is now part of Interliant's consulting and professional services organization. The
group will incorporate the offerings and expertise of Triumph Technologies as well as those of Interliant's acquisitions of Net
Daemons Associates, Inc. (NDA), The Daily-e Corporation and Sales Technology Limited to form one of the industry's most
comprehensive professional services group for ASP and outsourced e-business solutions. Current customers of the Consulting
and Professional Services group include Opta Foods and Exactis as well as a number of organizations in the education,
technology and publishing markets.

''By adding Triumph Technologies' security expertise to our extensive portfolio of services, we're helping our customers move
confidently into the e-business world,'' said Jim Lidestri, president of Interliant, Inc. ''At the same time, by implementing and
maintaining their e-business technologies, we enable them to focus their resources on their core businesses.''

Triumph Technologies e-business solutions include IT consulting, Lotus Notes/Domino Web development, security policy
development, firewall installation and management, intrusion detection, vulnerability assessment, encryption and authentication,
24 hour support services and extensive training programs.

''Triumph is the cornerstone of Interliant's e-business security solutions business,'' said Jenny Lawton, senior vice president of
Interliant Consulting and Professional Services Group. ''We continuously look for services that fulfill our customers' need for
'total' e-business solutions. The addition of Triumph's overall enterprise experience and security expertise enhances our
consulting and professional services offering and adds a key piece to our overall security solutions strategy. In addition, Steve
Munroe is a wonderful addition to our management team -- I expect exciting additions to our already comprehensive solution
sets.''

Interliant intends to retain all of Triumph's employees and continue to conduct operations out of Triumph's Woburn,
Massachusetts location.

''By combining our strengths and core competencies with Interliant's current offerings, we are able to provide an even broader
set of solutions to meet our clients emerging e-business requirements,'' said Steve Munroe, president of Triumph Technologies,
Inc. ''Bringing together our comprehensive network security and Web infrastructure design with Interliant's world-class Web
hosting architecture will allow us to meet the markets requirements for a single source provider of secure, fault tolerant,
redundant, end to end e-business solutions.''

About Triumph Technologies, Inc. (www.triumph.com)

Founded in 1988, Triumph Technologies, Inc., an Inc. 500 company for four years in a row, is one of the premier providers of
IT services and secure enterprise networking expertise in New England. Triumph offers a broad range of enterprise level
consulting services that encompass analysis, design, integration, implementation and support in the areas of: Enterprise
Networking (LAN/WAN), Virtual Private Networks (VPN's), Network Security, IP Strategy and Policy based Management,
Directory Services and E-Business solutions analysis and development. Triumph helps clients design, build and deploy cost
effective, leading edge and secure networks for their internal requirements, as well as allowing them to extend their business
processes and functions to the Internet.

About Interliant, Inc.

Interliant, Inc. (Nasdaq:INIT - news) is a leading application service provider (ASP) and pioneer in the ASP market.
Interliant's solutions enable companies of all sizes to capitalize on the latest Web-based technologies and packaged software
applications quickly and cost-effectively by relieving them of the burdens associated with building, managing and maintaining the
infrastructure required to support mission-critical applications. Interliant's offerings include solutions in the following areas: Web
site hosting, messaging and knowledge management, e-commerce, customer relationship management, distributed learning, and
Web-based rental applications via AppsOnline.com. Interliant is headquartered in Purchase, N.Y. and has formed strategic
alliances with leading software, networking and hardware companies including IBM (Nasdaq:IBM - news), Lotus Development
Corp., Microsoft (Nasdaq:MSFT - news), BMC Software (Nasdaq:BMCS - news), and Network Solutions (Nasdaq:NSOL -
news). For more information, please visit the Interliant Web site, www.interliant.com.

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Any statements contained herein that are not
statements of historical fact may be deemed to be forward-looking statements. Actual results and the timing of certain events
may differ significantly from the results anticipated or discussed in the forward-looking statements. These forward-looking
statements are based largely on the Company's current expectations and are subject to a number of risks and uncertainties. In
addition to this press release, other important factors to consider in evaluating the forward-looking statements include, without
limitation, those discussed in the Company's Quarterly Report on Form 10-Q for the quarters ended June 30, 1999 and
September 30, 1999, respectively, the Company's Registration Statement on Form S-1 filed on March 15, 1999, as amended,
and other filings by the Company with the Securities and Exchange Commission. In light of these risks and uncertainties, there
can be no assurance that the forward-looking statements contained herein will in fact be realized and the Company assumes no
obligation to update this information.

Interliant is a registered trademark of Interliant, Inc. All other trademarks are the property of their respective owners.



To: Richard Tai who wrote (1020)11/19/1999 12:44:00 AM
From: AlienTech  Read Replies (1) | Respond to of 1214
 
>>i can't begin to tell you how disapointed i am init. <<

Lots of us can say that :>



To: Richard Tai who wrote (1020)12/8/1999 4:49:00 PM
From: Richard Tai  Read Replies (2) | Respond to of 1214
 
well now i'm quite happy to be init. from briefing...

14:59 ET ******
Interliant (INIT) 24 7/16 +3 3/16: Stock grafting off of Exodus (EXDS )+13.8%, the leading player in the red-hot web-hosting arena... EXDS
received favorable comments from Merrill analyst... Digex (DIGX) another player in the group, is up 17.8% as well... While the latter two stocks are bigger players in the field, traders shouldn't ignore INIT as it has solid relationships with tech-titans IBM (IBM) and Microsoft (MSFT)... Company also experiencing powerful top-line growth, as evidenced by last quarter's 59% year/year and 13% sequential improvement... Most of the growth has come from acquistions, as INIT moved aggressively to ramp up its presence within the burgeoning industry... Despite solid growth and relatively attractive financials, INIT trading at less than half what investors are paying for EXDS and DIGX (using p/s multiples)... As INIT integrates its acquisitions and grows its business in the quarters to come, look for under followed stock to catch the eye of more and more analysts and, more importantly, momentum traders... Significant multiple expansion likely to follow... Using an annual run rate of $48 mln in sales and a p/s multiple of 50x, Briefing.com sets 12- to 18-month price target of 55. -- PJO