Alentus Rolls Up Hosting Firms, Announces Q3 Results
Rollups are common in fragmented and consolidating markets and Alentus Corp. seems to fit that pattern in hosting and managed services. The company just announced Q3 results and is looking to make more acquisitions.
EnActen Corp., a company set up to purchase Web hosting firms, got things moving in early 2008, when it announced the acquisition of an Edmonton, Alberta hosting firm called Alentus. The rollup was renamed Alentus and incorporated in the U.S. Between April and June of 2008, Alentus went on to purchase Website Source Inc., Web Hosting Groups Inc., SpeedFox Inc. and Areti Internet Ltd. Earlier this year, Alentus acquired Route Sense Corp. http://www.routesense.us/
Put that all together and the result is a company that offers managed services, hosted Exchange and Sharepoint, dedicated servers, Web hosting, and colocation. The company also points to a network of managed data centers with nodes in Los Angeles, Columbus, Ohio, London, England, and Edmonton.
Alentus, which trades as an over-the-counter stock, recently announced its third quarter results. For the period ended September 30, the company generated revenue of $1.656 million compared with $1.607 million in the second quarter. In a prepared statement, William King, Alentus’ chief executive officer, attributed the 3 percent increase to the ramp up of the company Route Sense division.
The company posted a net loss of $360,120 in Q3 compared with a loss of $309,124 for the second quarter. The company, in its quarterly report available via pinksheets.com, said the larger loss was anticipated based on higher cost of goods sold.
Going forward, Alentus reported plans to add domain registration and cloud computing to its mix of services. Alentus may snap up additional companies as well. The quarterly report states: “The company plans on continuing to expand its customer base through organic growth and acquisition.”