The story
1994: ihug was started by brothers Nick and Tim Wood with $8000 from their father, John.
1995: ihug was the first New Zealand ISP to introduce a flat rate account.
1997: ihug begins trading in Australia.
ihug merges with Dunedin-based and South Island-focused ISP ES Net (Efficient Software), creating a combined subscriber base of 10,000.
ihug establishes SatNet and Ultra satellite broadband services.
1998: Over 4500 websites on the ihug homepages' server were deleted after the machine was hacked.
1999: Then owners Nick, Tim and John Wood were listed on the annual National Business Review Rich List, with an estimated combined wealth of $75 million.
Ihug launches ihugPhone, VoIP-based toll bypass and post-paid calling card voice services
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2002: ihug appoints Martin Wylie as CEO to find a buyer of the company.
2003: ihug bought by iiNet for NZ$82 million.
2004: ihug purchases Wave Internet and PC Connect, gaining 10,000 Waikato and Bay of Plenty customers.
2005: ihug offloads satellite infrastructure to concentrate on ADSL broadband.
On 4 September 2006, Quik merged with ihug.
2006: ihug sold to Vodafone (NZ operations only).
2008: Vodafone shuts down the ihug brand.
From Wikipedia’s article on Ihug, shared under CC BY-SA 4.0.4