Looks like consolidation in the hosting space continues as Softlayer is going to be under the same ownership as “The Planet”.
For those who are not aware, GI also owns a large stake in The Planet, and I now have the pleasure of telling you that we are in discussions to merge The Planet with SoftLayer. The goal is for the transaction to be complete in the fourth quarter of this year.
I know you have a lot of questions. To be perfectly honest, we are at the beginning of this and don’t have all the answers. Teams at both companies have just begun discussing how to integrate our organizations, and their work will yield the details we don’t yet know.