TTS Partners with Hosted Solutions

May 5th, 2008

Web hosting provider Hosted Solutions (hostedsolutions.com) announced on Monday that it has signed a multi-year contract with sales tax compliance service provider Tax Technology Services (certcapture.com).

Under the agreement, Hosted Solutions says it will provide TTS with a “comprehensive solution,” including dedicated servers, managed firewall, monitoring and redundant Internet services.

According to its recent press release, TTS provides an online-based service called CertCapture for companies that pay taxes in multiple states. TTS says “the application enables them to manage and track their Sales Tax Exemption Certificates by scanning and mapping them to a specialized online database for review and analysis, protecting them in the event of an audit.”

“TTS has truly developed an industry changing solution that enables large enterprises with multi-state operations to easily digitize and store tax related certificates that have been fully vetted by qualified tax professionals without investing in software, hardware or IT support,” says Brian Baker, VP of sales with Hosted Solutions. “We are proud to play a critical role in their success and growth by providing a secure, reliable and robust online environment for their customers to store and report critical information to state tax professionals around the country.”

Founded in 2001 and based in Raleigh, North Carolina, Hosted Solutions says it offers “high quality data center and managed hosting services,” and operates facilities in Charlotte, Raleigh and Cary, NC as well as in Boston.

Last month, theWHIR reported that Hosted Solutions has been acquired by media and communications private equity firm ABRY Partners for $140 million.

Source: http://www.thewhir.com/marketwatch/050508_TTS_Partners_with_Hosted_Solutions.cfm

Tucows Announces a $10 million Stock Buyback Program

April 27th, 2008

Tucows Inc. (TSX:TC, AMEX: TCX) today announced that its Board of Directors has approved a stock buyback program of up to $10 million for the repurchase of its common stock. Tucows has also filed a notice of intention with the Toronto Stock Exchange (”TSX”) to make a normal course issuer bid through the facilities of the TSX. Tucows will have the option to repurchase its shares of common stock either through the facilities of the TSX or the American Stock Exchange.

The notice filed with the TSX provides that Tucows may, during the twelve-month period commencing May 12, 2008, repurchase up to 6,361,769 shares of its common stock, which amount represents approximately 10% of the public float of Tucows. For purposes of any repurchases made on the TSX, Tucows may only purchase up to a maximum of 4,188 shares in any daily trading session, which number represents 25% of the average daily trading volume on the TSX over the six month period ending April 30, 2008, unless the block purchase exception is relied upon. As of May 7, 2008 there were 73,888,542 common shares outstanding. All shares purchased by Tucows under the normal course issuer bid will be cancelled.

The timing and exact number of common shares purchased will be at Tucows’ discretion and will depend on market conditions and may be suspended or discontinued at any time. Subject to applicable securities laws and stock exchange rules, all purchases will occur through the open market and may be in large block purchases. Tucows does not intend to purchase its shares from its management team or other insiders.

During Tucows’ previous stock buyback program which ended on February 15, 2008, Tucows repurchased 2,616,600 common shares.

Microsoft warns of web server flaw

April 21st, 2008

Microsoft is investigating a newly reported flaw that could put websites at risk of attack.

The company has issued an advisory on the vulnerability, which affects Windows XP Professional SP2, Windows Server 2003, Windows Vista and Windows Server 2008.

The problem exists in Windows’ handling of code within its Internet Information Services (IIS) and SQL Server.

If exploited, the vulnerability could allow a user to elevate access privileges to that of the LocalSystem administration tool.

Microsoft warned that companies that make extensive use of user-provided code, such as site hosts, are especially vulnerable.

Microsoft has yet to receive any reports of the vulnerability being targeted, but security experts have already warned of a possible attack.

“The vulnerability is limited to a local privilege escalation, but IIS’ susceptibility is concerning,” wrote McAfee researcher Karthik Raman.

“The web server is widely used on the internet, and is a top pick by web-hosting providers. We might see web-hosting providers targeted, and their clients’ websites breached.”

Microsoft is still investigating the reports and will make a decision on whether to issue a patch immediately or wait until its next scheduled security update on 13 May.

Source: http://www.vnunet.com/vnunet/news/2214722/microsoft-warns-web-server

Registering a domain name

February 12th, 2008

One of the best and cheapest places to register a domain name is at GoDaddy.com. GoDaddy has a ton of features and options that they offer you and registering a domain name is just one of them. They simply offer the best service and support so that is why they will always be used over other domain registrars.

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February 9th, 2008
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