Everyone's Internet, Ltd.
Everyones Internet, Ltd. (“EV1”) is a Houston, Texas based company that began its operations in 1998 as an internet service provider (“ISP”) in the Houston market. EV1 subsequently expanded its ISP operations into various markets across the U.S. and started providing dedicated web hosting services to domestic and international customers. Today, EV1 operates one of the largest independent ISP’s and web hosting services companies in the country. EV1 maintains a well known brand name in the markets it serves through an extensive marketing and advertising campaign and also maintains a significant presence in the Houston community through its involvement with numerous charities benefiting underprivileged children and other community initiatives. EV1’s corporate headquarters are located in Houston, Texas.
Main Street provided EV1 with growth capital to help fund the working capital and capital expenditure requirements associated with the continued growth of the EV1’s web hosting services.
In April 2006, GI Partners, a Menlo Park, California private equity firm with $1.4 billion of capital under management, completed a controlling interest investment in EV1. Subsequent to the investment by GI Partners, EV1 merged with The Planet, another leading provider of dedicated web hosting services which is controlled by GI Partners, creating the largest dedicated web hosting service provider in the market. Concurrently with the investment by GI Partners in EV1, EV1 fully repaid its outstanding loan and all other obligations to Main Street.
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