MILWAUKEE -- Jan. 6, 2005 -- New Commerce Communications, Inc (NCC) today announced that Drizzle Site Specific, a leading Seattle provider of managed hosting and Internet access services, was sold to Internet Professionals & Network Solutions Inc (IPNS) based in Portland, Oregon. NCC represented Drizzle Site Specific in the December transaction; terms of the transaction were not disclosed.
Headquartered in Seattle, Drizzle Site Specific began as an ISP and now provides business class Internet connectivity, broadband, managed colocation, Web Hosting and a full range of related Internet services. The sale includes a third generation data center in downtown Seattle. The acquisition solidly expands the IPNS footprint into the Washington market.
Drizzle was founded by Kaley Davis as a BBS in 1996 and quickly grew to be one of the top ISPs in the Seattle market. The company eventually merged with Site Specific, a firm providing high end Internet services.
According to Tom Millitzer, President of NCC, "This acquisition brings together two firms that truly complement each other geographically and enhances the skill set of each firm. The customers of IPNS and Drizzle Site Specific will benefit from the transaction." Millitzer also noted that Drizzle Site Specific was courted by several firms.
About NCC
Founded in 1994, NCC is a leading firm specializing merger, acquisition and valuation services to the Internet and telecommunications industries. The firm serves a wide spectrum of telecommunications industries including ISPs, CLECs, Web Hosting, and similar companies. NCC provides services to firms throughout the United States and Canada. NCC has completed more than $200 million of Internet related services.
