Hosting 365 Announces Sale of Register365 to Namesco
29th May 2008 - Hosting365 has announced the sale of Register365, its shared hosting and
domain registration division, to Namesco, the fourth largest domain name and hosting provider in the United Kingdom and one the top 50 largest hosting providers in the world, for an undisclosed sum. With 35% market share, the purchase of Register365, Ireland’s largest hosting provider, is a strategic purchase as part of Namesco’s overall expansion plan.
Namesco, established in 1996, has an enviable reputation in the United Kingdom for providing a wide range of quality Internet Service products backed by expert in-house customer care and support.
Kevin Savage, Namesco’s Managing Director, said, “We are delighted to acquire Ireland’s largest hosting provider. Namesco’s purchase of Register365 is part of our expansion plan and further consolidates our position as one of the leading shared hosting providers in the world. We look forward to continuing to provide the high level of services Register365’s customers are accustomed to.”
Commenting on the sale, Stephen McCarron, Managing Director, Hosting365, said, “The sale of Register365 is a major milestone in the history of Hosting365 as it marks the complete evolution of our business. Two years ago we took the strategic decision to acquire our own Data Centre facility and focus the company on Hosted Managed Services for the enterprise market. Since that period Hosting365 has experienced huge growth in this sector which now accounts for over two thirds of our turnover. This was recently acknowledged when we were named the seventh fastest growing technology company in Ireland as part of the Deloitte Fast 50. We plan to invest all proceeds from the sale into growing our team, expanding our infrastructure and developing new
products and services on our cloud computing platform,”
“We have taken the decision to sell Register365 in order to focus on our managed services offering and to continue our growth in Ireland and internationally. This was a very personal decision for me to make as Register365 was once the core of the business I founded in 2001. We decided to sell Register365 to Namesco as they fundamentally matched our company values and have an excellent reputation for customer service. For example, they were recently named as the best shared hosting provider of 2008 at the Internet Service Providers’ Association (ISPA) Awards in the UK,” McCarron added.
None of Register365’s customers will be affected by the sale as Register365’s services will continue to be delivered in Ireland. The sale of Register365 is the latest milestone in Hosting365’s expansion strategy. The company recently announced a €2 million investment in new infrastructure and the creation of 20 jobs. Hosting365 also plans to hire an additional 14 staff in its Dublin and Polish offices by the end of the year.
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About Namesco
Namesco has evolved through both strong organic growth and acquisitions since 1996 and is now regarded as one of the leading ISP’s in the UK with over 10 years experience.
Ranked 4th largest Domain Name Registrar in the UK and among the top 50 hosting providers in the world Namesco is set to continue to offer customers market leading products and services well into the future.
In 2007 Namesco were acquired by Italian Domain, Hosting and Social Networking company Dada already a major player in Italy and Spain. Dada is moving forward to strengthen its leadership in the European market with an eye toward continued international expansion.
About Hosting365
Hosting365 is a Managed Services and Data Centre Facility company. Hosting365 owns and operates its own 25,000 square feet, state of the art data centre in Park West, Dublin. Hosting365 was named as Ireland’s seventh fastest growing technology company in the Deloitte & Touche Technology Fast 50. More information can be found on www.hosting365.com