I2B Networks acquires the building it occupies in San Diego, California

San Diego, CA: May 17, 2007: Dedicated provider I2B Networks completes the acquisition of the building it occupies. With continued growth and the ongoing need for expansion space, we were enticed by the powerful incentive of real estate ownership. Knowing we have a permanent home allows us the peace of mind to make the capital improvements to our facility, network and data center - which in turn improve our reliability and customer service. Improvements will include more data center space, more power, and a larger redundant backup generator. These critical changes were not possible under the previous lease.

Jim Fitzgerald, President and CEO of I2B Networks, commented: "While current interest rates and attractive financing make it economically feasible for us to purchase real estate, we are opting to buy rather than lease for a myriad of other reasons as well, including personal investment, rent stabilization, and increased control over our property."

About I2B Networks:

I2B Networks is a full service Internet Solutions Provider founded in February of 2002 by Jim Fitzgerald and Tim Sears. Both founders have an abundance of experience in the industry, dating back to the early 1990's when they founded local San Diego ISPs CTSnet and CONNECTnet. Both brought an experienced team of system and network engineers with them to I2B Networks. I2B Networks provides a full array of dedicated and managed server solutions.

Back to News