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  1. #1
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    BIG NEWS - Softlayer sold to The Planet owners/GI Partners

    http://www.alacrastore.com/research/...Profile-806900

    Is a merger imminent?

    Who will run the new company? Lance as CEO? Doug as Chairman?

  2. #2
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    I also heard this from several people in the investment industry.

    Speculation around hostingcon is that they will be combined and positioned for an IPO - but that softlayer will be the lead on it since they are growing and theplanet apparently from what I have heard from multiple sources is not for all practical purposes.
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  3. #3
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    can anyone confirm about the news?

  4. #4
    wow... that really sucks

  5. #5
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    Just hope Douglas doesn’t get the chance to run the firm, or it will <<not go well>>
    Last edited by Mike V; 07-20-2010 at 12:18 PM.

  6. #6
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    or we would just see the softlayers founders start another new company called hardlayer

  7. #7
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    Quote Originally Posted by Maikon View Post
    or we would just see the softlayers founders start another new company called hardlayer
    Hardlayer is better than softlayer 2

  8. #8
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    OHH NOOOO !!!
    will any softlayer partners being affected ?? as 100tb.com ?

    as the planet is quite stingy on their bw allowances !

  9. #9
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    Well, both SoftLayer and ThePlanet are great companies so there should not be much difference concerning network quality or service as I'm aware of.
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  10. #10
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    Quote Originally Posted by hansenc View Post
    wow... that really sucks
    I agree, less competition between this two monster.
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  11. #11
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    I am certainly not too excited about this, I hope this doesn't cause SL to get dragged down into the pit that is TP.

  12. #12
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    Woah, this will be a surprise if true. I have mixed feelings about this. Naturally a bigger company can mean better things, although others have said, less competition could be pretty bad..
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  13. #13
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    Quote Originally Posted by Jedito View Post
    I agree, less competition between this two monster.
    Sucks for more reasons than that. ThePlanet was one of the first huge dedi companies, and they've never been on the same level as Softlayer, exactly why Lance et al branched out to start it. They never truly competed; monthlies with Softlayer are going to run you 10-50% more, and they have a far better service reputation.

    No, 100TB will certainly not be affected, nor will it be "just fine because both are great companies". Even if that was true and they were on the same service level, it's probably going to involve some frustration for a lot of customers. I'd imagine those hosted at SL are going to come out worse in all this.

    Edit: tl;dr =
    Quote Originally Posted by Creed3020 View Post
    I am certainly not too excited about this, I hope this doesn't cause SL to get dragged down into the pit that is TP.

  14. #14
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    It's pretty poor news indeed, thePlanet has really dropped from their heyday and it wouldn't take much mismanagement to drag SoftLayer down.

  15. #15
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    is this info is true?
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  16. #16
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    Quote Originally Posted by Maikon View Post
    or we would just see the softlayers founders start another new company called hardlayer
    Seems like they already exist

  17. #17
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    Oh just awesome this plus Softlayer's new Networklayer crap is the end of the line. I'm done SL.

  18. #18
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    Quote Originally Posted by Anthony View Post
    Seems like they already exist
    i thought it belongs to softlayer
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  19. #19
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  20. #20
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    Quote Originally Posted by nickn View Post
    I think many might be jumping to conclusions too fast...
    Yup, some one should officially confirm it!

  21. #21
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    Quote Originally Posted by chennaihomie View Post
    Yup, some one should officially confirm it!
    GI partners absolutely bought a controlling interest in them.

    GI partners also absolutely owns theplanet.

    I have talked to many people in the last 3 hours that are very close to the situation and its true.

    What I dont know is if they will merge the 2. However the popular speculation is that they will and that Lance will run it.

    My questions are going to be:

    1. What panel will they go to or will they leave it as 2 seperate panels that are running the different systems?

    2. will this settle litigation between the companies?

    3. What is their plan to solve the projected cash flow failure down the road according to S&P analysis - IPO to replace part of the debt?

    4 will there be staffing changes and reorganizations and how will that go if they do?

    Will prices go up now that they are controlled by the same group - thus bringing a lower level of competition?

    All in all I would say its good for other providers for sure - we are excited about it quite frankly for obvious reasons. If they merge them they are going to be the largest by a good bit in that market space - and really on a different level.
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  22. #22
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    The other funny thing about GI is that they are still a large investor in TelX as well.

  23. #23
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    Quote Originally Posted by moosh28 View Post
    The other funny thing about GI is that they are still a large investor in TelX as well.

    TELX is going IPO this month supposedly. I expect that GI will reduce their holdings.
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  24. #24
    This could either be really bad, or really good. Hopefully Softlayer comes out the winner in this and just absorbs the planet customers into there interface, and then the planet just goes bye bye.
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  25. #25
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    I wonder if this will be a repeat of what happen to EV1Servers... Maybe Ex-SoftLayer employees will start a new company like they did when they left The Planet? hmm

  26. #26
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    I needed a server tonight, at someplace now I am 500% confused, been a big fan of SL, now my tiny business is looking scary with such stories.

    Should i sell my clientage and start some other venture, I don't want to face long outages from such merger, cause have servers at TP and SL, I've always avoided (outages) in 9+ years of hosting biz.

    anybody willing to go for a small hosting company, approx 3000 domains + 900 hosted customers, 2500 hosted accounts ?????

    In fact seriously I plan to evaluate my business worth before i get crushed with any fiasco waiting, Still SL is silent on their forums for discussing this in public.

  27. #27
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    Don't make any hasty decisions, xeonfan, I'm sure everything will work out just fine.

  28. #28
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    This will open up some market space for other providers indefinitely. I miss the rackshack days..then EV1 servers, then servermatrix... the list goes on.
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  29. #29
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    yes futurehosting, I not panicing I am not, I will not....

    thanks for your suggestion though.

  30. #30
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    Our default simulation has the company defaulting under the secured credit facilities during 2014, primarily the result of customer loss, top-line erosion, and margin compression due to stepped-up competition in the data center space by larger companies and new entrants to the market.
    Could someone with more understanding of what they are saying tell me if the document in the OP means they predict that Softlayer would have defaulted in 2014?

  31. #31
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    Hopefully 100TB can live through this merger. Not sure if TP will like the massive bandwidth consumption?
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  32. #32
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    I would imagine 100TB will be just fine. I would put my money on Softlayer being the prevailing company if they do in fact merge. Softlayer has the better brand/technology.
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  33. #33
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    Quote Originally Posted by DMEHosting View Post
    Hopefully 100TB can live through this merger. Not sure if TP will like the massive bandwidth consumption?
    It would be a bad business move if they were to change anything and risk a messive customer like UK2. Plus it looks like they already have a partnership with The Planet in their MidPhase brand.

  34. #34
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    Quote Originally Posted by sailor View Post
    What I dont know is if they will merge the 2. However the popular speculation is that they will and that Lance will run it.
    It would be the "Revenge of the Sith"? ;-)

    My questions are going to be:

    1. What panel will they go to or will they leave it as 2 seperate panels that are running the different systems?

    Will prices go up now that they are controlled by the same group - thus bringing a lower level of competition?
    I bet 2 cents that: a) TP will be transformed into the "legacy/cheapo" branch of Softlayer (beyond SL's Outlet offerings): pay less to get less.
    b) I wonder that the panels will NOT be merged. First because TP has had an awful experience already merging their stuff with EV1's. Second, because SL's platform is heavily based on Supermicro + IPMI automation, thing that may or may not be present in TP's current inventory.
    c) I bet that 100TB stuff will be "invited" to migrate over to TP's, while keeping SL the "premium" stuff. Just an educated guess.

    3. What is their plan to solve the projected cash flow failure down the road according to S&P analysis - IPO to replace part of the debt?
    Didn't SL recently secure a multi-million dollar loan to expand?

  35. #35

  36. #36
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    this is getting interesting.....

    i am sure most server buyers/providers etc are now digging the news networks to fetch more & more updates on this.

  37. #37
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    Quote Originally Posted by coax View Post
    Yeah. this really doesn't make sense does it?

  38. #38
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    Quote Originally Posted by Hadriel View Post
    Could someone with more understanding of what they are saying tell me if the document in the OP means they predict that Softlayer would have defaulted in 2014?

    Quote Originally Posted by iptelligent View Post
    Didn't SL recently secure a multi-million dollar loan to expand?
    yes they did - but that is one of the things the analysts point to in their cash flow simulations where they predict failure. When you have loans - they have cash outflow associated with them - you have to pay the loans.

    In these kinds of transactions many times a company will end up with 3.5-4 x ebitda in debt which can be suffocating and stall growth with the interest demands on the payment stream.

    I am sure they will refinance eventually or replace some debt at IPO if they go that route (or they might sell out again to someone bigger eventually).

    Yes - the analyst predicts default in 2014 - not likely though unless some major changes come in the market and prices go way down which can really only happen at this point if the customers decide to start heavily adopting technologies outside of the large dedicated base that the 2 companies have already.

    Not out of the question but I think customers will have to make the move to not see price flattening or even some increases coming with the reduction in competitive forces and increased market control from the transaction.

    Bottom line is they probably made a great deal of money on the deal. Congrats to them.

    The customer has a lot of influence over outcomes.
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  39. #39
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    This should be interesting to see how this turns out.

  40. #40
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    This is the response from a Sales Rep at SoftLayer

    "We had a major accomplishment regarding the GI funding, but there really is nothing to say regarding a merge with The Planet. At this point, it's speculation. If you have questions, George Karidis, our Chief Strategy Officer has offered his email address. <clip>@softlayer.com.

    Thank you,"

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