Application service provider ehyou.com announced today that it has acquired Ice-Blue for an undisclosed sum as part of its aggressive growth strategy in the web-hosting market. Ice-Blue, the three-year-old web-hosting business, specialises in corporate managed web hosting.
"We are acquiring Ice-Blue for its cashflow and blue-chip customer base which includes a number of major Australian financial institutions," said ehyou.com CEO Domenic Carosa.
"This acquisition complements our two previous web-hosting acquisitions and is a cost-effective way to acquire customers while leveraging our existing infrastructure."
Carosa said web hosting was an attractive growth area for the company because it provides a good annuity-based revenue stream. Some of Ice-Blue's clients include large financial institutions, he said.
Ice Blue will be absorbed into OzHosting.com, ehyou.com's web-hosting division. Ehyou.com will pay for Ice-Blue in equity.
Courtesy The Australian Industry Standard: http://www.thestandard.com.au