7 November 2011 — If you’ve ever investigated various sources for hosted Exchange e-mail or SharePoint sites, or virtual cloud servers, for a small business of under 100 employees or so, you’ve probably run into a service called 123Together.com. It’s titled like it wants to be listed first in the Yellow Pages, but in terms of service quality, it’s been limping along with a handful of others looking to gain par against GoDaddy.com.
But 123Together also has a stake in cloud services, with simple virtual servers in the cloud that compete on at least one level with Amazon. Meanwhile, retailer Best Buy is interested in competing with Amazon on any level it can. Last month, it decided it can’t compete with Amazon, announcing a plan to dump its Napster service’s existing customers onto Rhapsody. Best Buy had just acquired the Napster brand in September 2008.
Today, Best Buy announced a deal to acquire 123Together.com’s parent company, mindSHIFT Technologies, for $167 million, apparently in cash. This move will put Best Buy into the hosted services business, which includes floating Web sites … Read more