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GRAND RAPIDS - little more than a month after creating an entity for the express purpose of acquiring underperforming technology companies and their assets, The Iserv Co. has sealed its first acquisition through the Iserv Technology Group (ITG).
Earlier this month, ITG announced that it had acquired the customers of HTDConnect from Ann Arbor-based Online Technologies Corp. Iserv will add the primarily mid- and southeast Michigan dial-up customer base of HTDConnect to its own network.
Already one of the largest ISPs in Michigan, Iserv has expanded its network to over 50,000 subscribers with seven acquisitions in the past two years, including this fourth transaction of 2004.
In September, Ionia-based Ionia Internet Inc. was brought into the fold, while Harrisville's Renegade Productions Inc. and Scottsville's 1010internet LLC were acquired earlier in the year.
"We don't have any preconceived notions," said Iserv and...