About half of Interland’s dedicated servers run on Microsoft software, with the remainder on open source operating systems, according to the Netcraft Hosting Provider Server Count, which tracks the number of web-visible computers at hosting companies.

In a regulatory filing, Interland noted that the sale allows it to realize “significant savings,” including costs related to the ongoing purchase of dedicated servers and bandwidth, and the cost of operating the three data centers, which are staffed by 139 employees. Interland said it expects to take a $15.5 million charge to earnings to reflect a decline in the value of assets included in the deal.

Peer 1’s press release noted that the company is borrowing $28 million to fund the deal and repay some of its debt, and issuing $7 million in preferred stock. Private equity fund Celerity Partners is buying $4 million of the preferred shares, with company insiders buying the remainder. Peer 1 said the loan will be repaid through funds from the sale of assets or stock, suggesting Peer 1 is mulling further deals.

Peer 1 is headquartered in Vancouver, Canada and its shares are traded on Toronto’s TSX Venture Exchange. The company has 12 data centers and and IP network that spans much of North America. Last October it purchased ServerBeach for $7.5 million.