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Company Overview of Peer 1 Network Enterprises, Inc.
Company Overview
555 West Hastings Street
Suite 1000
Vancouver, BC V6B 4N5
Canada
Founded in 1999
Key Executives for Peer 1 Network Enterprises, Inc.
Peer 1 Network Enterprises, Inc. Key Developments
Peer 1 Network Enterprises, Inc. announced that big data predictive analytics platform provider Sociocast has selected the company to host its processing infrastructure. With PEER 1 Hosting, Sociocast, which enables its customers to analyze large and fast-moving streams of data to extract actionable trends, has seen a 63% decrease in latency and a 20% instant CPU gain.
To discuss the transaction that Cogeco Cable Inc. to acquire PEER 1 Network Enterprises, Inc
Peer 1 Network Enterprises, Inc. announced unaudited consolidated earnings results for the first quarter ended September 30, 2012. For the quarter, revenue increased 25% to $39.3 million from $31.5 million a year ago. Normalized EBITDA was $10.8 million, up from $7.9 million and net income attributable to common shares was $0.432 million compared to a net loss of $1.307 million for the same period a year ago. Of the 25% increase in revenues over the prior year quarter, approximately $3.9 million (12%) is attributable to NetBenefit's operations, and the remaining increase of approximately 13% is attributable to organic growth. Operating profit before other items was $238,000 and profit before income tax was $572,000 against operating profit before other items of $1,822,000 and loss before income tax of $1,739,000 a year ago. Cash flows from operating activities were $6,004,000 against $5,326,000 a year ago. Acquisition of property, plant and equipment was $12,819,000 against $10,717,000 a year ago. In addition, investment in property, plant and equipment include $2 million related data center equipments, $1.6 million related to computer equipment, which included $1 million for SAN infrastructure who is stronger than expected sales. The company also invested $1.5 million related to network equipment. Included in that $12.8 million is $1.9 million attributable to acquired NetBenefit server equipment. Intangible asset additions were $43.7 million of which $20.9 million related to NetBenefit goodwill, $22 million is related to NetBenefit customer relationship intangibles and $0.8 million related to acquisition of normal course software additions.
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Recent Private Companies Transactions
| Type Date |
Target |
|
Merger/Acquisition
December 21, 2012 |
-- |
|
Merger/Acquisition
June 6, 2012 |
NetBenefit Limited |
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