July 5, 2017

Dreamscape Networks reaches agreement to acquire hosting provider Vodien

The takeover signals Dreamscape’s intent to penetrate the fast growing South East Asian web services market.

UAE based web host Dreamscape Networks has concluded takeover negotiations with Singapore’s Vodien Group, as announced by both companies this week. The deal is estimated to cost Dreamscape a sum of USD 29.67 million and will formally be completed by the end of July.

As stated in the agreement, the acquisition will grant Dreamscape Networks complete control over Vodien’s internet solutions and all its related subsidiaries, including Singhost, IT Works Internet, Webvisions and registrar rights to the .SG domain.

Dreamscape’s primary motive behind the takeover is to establish a foothold in the booming South East Asian market, having already seen their solutions take root in other Asian territories and Australia with relative success.

Speaking to the press this week, CEO and MD of Dreamscape Networks, Mark Evans, has high hopes for the future of both companies following the merger, stating:

This is a strategic merger for Dreamscape Networks. The leadership team at Vodien Group has substantial knowledge of the local industry, with a strong track record of growth, and will be a great addition to our senior executive team. The culture they have developed and led is a perfect fit for us.

By joining forces with this robust Asian hosting brand, we can leverage its current market position and strong customer awareness to immediately increase our footprint in the Southeast Asia region, without the need to establish our own Singapore hub infrastructure.

His counterpart, CEO of Vodien Group, Alvin Poh, was equally optimistic in his words:

Both organizations have a strong culture and business fit and share a common desire to become a leading internet domain and hosting business in Asia. I am looking forward to becoming part of the senior executive team of Dreamscape Networks and working with the team to deliver on the growth opportunities that we see.

The completion of the takeover is subject to regulatory hearings that are due to take place in the coming weeks.

Share this articleShare on FacebookShare on Google+Tweet about this on Twitter