Cash deal. Makes Digiweb second biggest hoster in Ireland. Looking at more hosting and telco acquisitions. When are they going to buy that other Wireles company eh?
Â· Novaraâ€™s customers include high profile organisations such as Jurys Doyle, EBS Building Society, An Bord Pleanala, A-Wear and The Department of Justice
Â· The deal will involve Novaraâ€™s 15,600 customers gradually moving to Digiwebâ€™s technical infrastructure while all of Novaraâ€™s web hosting staff will join Digiwebâ€™s hosting team. This combined hosting and managed services team will turnover in excess of €7.2m in the coming year for Digiweb and is projected to create an additional 25 highly qualified network and systems jobs in this area over the next three years.
Â· Though detailed terms of the transaction are undisclosed, the consideration was all cash in nature and represented a significant 7-figure sum.
Â· On foot of this acquisition Digiweb will become the second largest hosting company in the Irish shared hosting and domains market. On the higher value datacentre services side due to being one of few providers with new datacentre space now readily available Digiweb is also experiencing exponential growth in those services.
Â· Digiweb will continue to operate the highly successful brands of register.ie and host.ie.
Â· Digiweb has been growing strongly organically in recent years, recording in excess of 100% growth many years, due particularly to high levels of referral from existing customers, and to an expanding range of products, services and national reach.
Â· Digiweb is now seeking to build on this organic growth through selective acquisition of complementary businesses in the Irish and UK voice, hosting and broadband industry. The company currently has a number of acquisitions under active consideration, with a view to achieving the companyâ€™s stated objective of achieving number one position in the fragmented Irish telecoms and ISP market.
Some nice customers being added to the Digiweb stable which includes Boards.ie one of the busiest websites in Ireland.