Hostway have acquired MyHosting.com and email service Mail2Web from Ingram Micro in a bid to expand their market share. As per the terms of the deal, MyHosting.com’s employees will join Hostway to bolster the latter’s capabilities with CloudBlue Automation Platform, to provide resellers and wholesalers with hosting services.
According to Hostway, cloud-based solutions have garnered demand from all kinds of customers with resellers and wholesalers being on the top. They also claim that since these customers have realized the importance of automation for cloud services, convincing them of the merits of CloudBlue will be much easier.
Hostway say that by acquiring MyHosting.com’s CloudBlue Platform, resellers and wholesalers will be able to deliver a myriad range of services to their customers. They believe that this move will accelerate their position in the market and place them next to some major players.
Speaking about the deal in detail, John Enright, Senior Vice President and General Manager at Hostway, commented:
We are honored to have the talented and experienced MyHosting.com team members join our family of employees at Hostway and to expand our footprint in Canada with an office in Toronto in addition to our existing location in downtown Vancouver.
We look forward to building upon the innovative products and features the MyHosting.com team has deployed on the CloudBlue platform, and to providing its loyal base of direct customers and resellers with the very best service.
Ingram Micro believe that this move will be beneficial for them considering CloudBlue has been a choice for many telecom and hosting companies in the past. They also say that this acquisition will strengthen business ties with Hostway.
Delighted with this deal, Nimesh Dave, Executive Vice President Global Cloud Computing at Ingram Micro, commented:
Our CloudBlue Automation platform is an excellent gateway supporting the rapidly growing demand for cloud-based solutions, one that enables leading service providers like Hostway to rapidly deploy and scale a wide variety of value-added services for their direct customers and partners.
Hostway’s proven track record of providing excellent service offers an exceptional experience for both the MyHosting.com customer base and the talented employees that are joining to the Hostway team.
The financials of the deal were left undisclosed by both companies.