May 31, 2018

VentraIP acquires domain and hosting company Summit Internet

The acquisition will add more than 400 customers of Summit to VentraIP in a bid to expand their business footprint.

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Australian hosting provider VentraIP have acquired Summit Internet in a bid to expand their business footprint across the Australian market. As per the terms of the deal, more than 400 business segment customers of Summit Internet will be added to VentraIP’s portfolio, making this VentraIP’s fourth acquisition of the year.

According to VentraIP, the Australian market has shown great affinity in terms of adopting new hosting practices to strengthen their online presence. They say that the hosting industry in Australia has shown recurring patterns of revenue growth over the last 2-3 years consistently.

With this acquisition, VentraIP are looking to leverage the current trend and add more clients to their portfolio. They claim that this acquisition will allow them to fortify their presence in the Australian market by adding Summit’s business customers along with more than 1000 hosting and domain services.

Speaking about the acquisition, Angelo Giuffrida, CEO at VentraIP Australia, commented:

Unlike most of the other acquisitions we’ve done in the past, the customers of Summit Internet are premium business customers and we’re very pleased to be able to welcome them to the VentraIP Australia family where they will now receive 24×7 technical support offered by our local team.

Summit Internet are equally delighted with this deal. They admit that it was VentraIP’s service quality and experience in the industry that eased their decision of getting acquired.

Explaining the same in detail, Greg Lipschitz, CEO at Summit Internet, commented:

It is their core business and they are the best at it. We want to ensure that our customers have the best service and experience possible.

Our core focus is on our data and voice products, including expanding our carrier fixed wireless network Australia wide. Knowing that VentraIP are looking after the shared hosting gives us the time to focus at what we’re best at.

In closing, VentraIP added that this deal was a part of their acquisition spree which forms a large part of their growth strategy for 2018. Financial terms of the deal were left undisclosed.

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