PITTSBURGH, PA – January 3, 2018 – Liberated Syndication, Inc. announced today that it has completed the acquisition of Internet hosting company pair Networks, Inc.
“We are very excited about the opportunities that come from combining these two great, long-standing, Pittsburgh-based companies,” said Chris Spencer, Libsyn’s CEO. “We have tremendous confidence in Pair’s leadership and employees and we intend to fuel revenue growth for the combined entities through sales and marketing investment, cross selling new and existing hosting products and streamlining network computing infrastructure.”
Pair delivers a full spectrum of fully-managed hosting and ancillary offerings. These include shared, dedicated-server, virtual private server (“VPS”), and WordPress hosting solutions and domain-name-registration services.
As of December 31, 2017, the combined companies had approximately 82,000 monthly subscribers. Management believes there are many cross-selling opportunities including website and blog hosting services for podcasters, full-service WordPress solutions for website and blog development, domain name registration and hosting, as well as co-location hosting services for larger podcast networks, an area of significant potential growth in the podcasting industry.
“Podcasts are expected to continue to grow in popularity and have become an integral part of brand strategy along with websites, blogs, and social media outlets. Pair’s hosting, domain and WordPress offerings are the tools podcast producers look for to develop online strategies to extend their reach,” said Laurie Sims, Libsyn’s President. “Libsyn is often seen as a media company because of the type of content we host, but we are fundamentally a hosting platform. We have a lot of synergy with Pair and understand the monthly subscription business model. We are thrilled to add the Pair team, its reliable infrastructure, and world-class support they provide.”
About pair Networks
Founded in 1996, pair Networks is one of the longest-serving and most experienced Internet hosting companies in the world. Pair provides a suite of offerings spanning shared hosting, virtual private servers, and customized solutions all backed by world-class 24×7 on-site customer support. Based in Pittsburgh, Pair caters to the hosting needs of small and medium businesses and individuals globally. For more information, visit: http://www.pair.com.
About Liberated Syndication
Liberated Syndication is the world’s leading podcast hosting network and has been providing publishers with distribution and monetization services since 2004. In 2016, Libsyn delivered over 4 Billion downloads. Libsyn hosts over 3.2 million media files for more than 35,000 podcasts, including typically around 35% of the top 200 podcasts on iTunes. Podcast producers choose Libsyn to measure their audience, deliver popular audio and video episodes, distribute their content through smartphone Apps (iOS and Android), and monetize via premium subscription services and advertising. Libsyn is based in Pittsburgh. For more information, visit: http://www.libsyn.com.
About Fairmount Partners
Fairmount Partners advises middle-market growth companies on mergers and acquisitions, capital-raising and strategy. We have completed more than 200 transactions spanning 18 countries. Our Technology Group’s focus areas include: (i) Big Data / Data Aggregation and Analytics (“DAA”); (ii) Software as a Service (SaaS) and related technology-enabled services; (iii) Cloud Technology and Services; (iv) Internet Commerce and Services; and (v) Digital Media / Ad Tech. For more information, visit: http://www.fairmountpartners.com.