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, a company that holds the titles on some of the largest web development and discussion communities on the net, was acquired this week by a group of investors, a company press release reports.

Stoddard Hill Capital bought iNet from Aberration! Ventures, and terms of the transaction were not disclosed. Also included in the announcement was the appointment of a new President & CEO to lead iNet Interactive.

Succeeding Ryan Elledge, Troy Augustine will lead the company. He holds a engineering degree from the University of Kansas and an MBA from Stanford. Elledge will return to work at Aberration! Ventures.

It will be very interesting to see what happens here. Will iNet Interactive continue to develop and acquire web destinations? Or will the focus of the company shift as new leadership changes the direction of the firm?

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noted the ownership change; asked for transaction details and wondered about price. The thread left those questions open — the short retrospective below fills the gap and traces what happened to those properties after the 2005 announcement. (daniweb.com)

The original community announcement and contemporary coverage confirm a 2005 change of ownership was announced to members, but the buyers’ payment terms were not publicly disclosed. (webhostingtalk.com) Over the next decade iNET continued operating its developer and hosting sites until it was acquired by Penton (press release: January 16, 2015), which folded iNET’s hosting/developer assets into its technology portfolio. (prnewswire.com)

While under Penton, a security incident was reported in mid‑2016: database dumps for HotScripts, WebHostingTalk and other sites were offered for sale on the dark web and affected many user accounts, prompting advice to reset passwords and review account security. (csoonline.com) Shortly afterward, Penton itself became part of Informa in November 2016 as part of a larger consolidation in B2B media. (informa.com)

Takeaways and context: the 2005 sale did not publish a price (founders later acknowledged a profitable exit but gave no figure), and the properties ultimately moved from founder/PE ownership into larger corporate hands — a common path that tends to shift focus toward scaling, events, data products and monetization. Community operators and observers asking “what would change?” were correct to expect operational and commercial changes over time; the most concrete public follow‑ups are the Penton acquisition (2015) and the 2016 breach noted above. (webhostingtalk.com)

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Member Avatar for kub365

does anyone have details on the transaction?

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