The combined companies will offer customers with a robust solution to architect, develop and build Web sites that offer the performance and scalability to meet future growth. Exodus and KeyLabs share mutual customers, as well as strategic alliances with a number of companies including Cisco, Compaq and Sun Microsystems. KeyLabs will bring a team of 70 testing professionals who will be integrated into Exodus' professional services organization. Exodus plans to continue to operate KeyLabs' testing facility in Lindon, Utah as a wholly-owned subsidiary. The transaction is expected to close by the end of February 2000, subject to regulatory approval and normal and customary closing conditions.
Exodus expects to account for the acquisition as a purchase.
An information technology industry leading e-commerce testing facility, KeyLabs Inc., located in Lindon, Utah, provides a suite of network testing services. KeyLabs provides custom testing services as well as specialized testing software development. In addition, KeyLabs develops and manages industry certification programs for software and hardware vendors, and assists corporations needing to validate technologies in large-scale environments. KeyLabs is a privately owned company. About Exodus Communications Exodus Communications is a leading provider of complex Internet hosting for enterprises with mission-critical Internet operations.