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Media Temple Raises $15 Million, Hungry For New Acquisitions
August 11th, 2012
Virtualization provider Media Temple has raised $15 million from a group of investors led by Triangle Capital (also includes GMB Mezzanine Capital). Founded in 1998, Media Temple is a web hosting and software service provider, helping clients host websites, email, and other forms of rich media content. This is the company’s first round of outside investment and the bulk of the proceeds will go towards increasing headcount, enhancing product offerings and yes, new acquisitions. Media Temple, which has two data centers in California and Virginia, has been growing at a fast clip in recent years, with compounded annual growth of 70%. The company’s staff grew 30% in 2009, and is on track to increase 25% this year. Currently, Media Temple hosts over 600,000 domains and has over 87,000 clients (including projects for Sony, Adobe, Toyota, ABC). “With the opportunities presented by our new product roadmap, it became clear that now was the time to raise our first round of growth capital,” CEO Demian Sellfors, said in a press release. (more…)
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Media Temple Hacked
August 11th, 2012
I don’t normally do negative posts about another person or company, but I feel this needs to get out there. A few hours ago I received an email from MediaTemple, where I host several of my clients. It was an automated message informing me that: This is an automated notice informing you that our system has reset your Server Administrator FTP/SSH password due to suspicious activity observed on your (gs) Grid-Service. Our systems have taken measures to protect your service from any possible future exploits. Since Media Temple doesn’t offer customers any FTP/SSH server logs for me to check, I called them to discuss. The initial tech support representative and his manager were polite and helpful, explaining that an enormous amount of login attempts had been going on through many accounts, with a number of them being successful. Many sites on many Media Temple accounts had been attacked and contained injected links in the footer: I asked how in the world did hackers magically guess so many FTP/SSH passwords. At first I was told that these were old passwords (I wasn’t explained the significance of why old passwords should be vulnerable). Then I was told that the login data was stored in plain text in a database that had been compromised. My jaw dropped. In my entire life, I’ve never heard of a company storing passwords in plain text. This is bad enough, but then the database where these passwords were stored was somehow accessible to someone on the outside. (more…)
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