Coreix Managed Servers

iWeb announced the strategic acquisition of Montreal-based managed hosting provider Netsimplify. This move brings iWeb closer to providing its own brand of managed hosting services – which represent the majority of Netsimplify’s revenues in 2008.

The transfer of Netsimplify’s customers to iWeb is almost complete, a task made easier by the fact that Netsimplify’s infrastructure was mostly collocated within iWeb’s data centres. Financial details regarding the transaction were not disclosed.

Source: CNW

iomart accelerates managed hosting growth with acquisition of RapidSwitch

iomart group has acquired the entire issued share capital of RapidSwitch Limited, a managed hosting provider and currently ranked by Deloittes as the 10th fastest growing technology company in the UK, for £4.3 million cash on completion with a further £0.95 million payable on 31st March 2010.

The company is focussed on delivering highly reliable managed hosting solutions for its clients. RapidSwitch currently manages over 4,000 dedicated servers on behalf of 1,600 clients ranging from SMEs through to large corporate. For the year to March 2008 revenues grew from £1.4 to £2.6 million and EBITDA was £760k. Similar rates of revenue growth have been maintained through to March 09.

Source: iomart