Ehyou Ice-Blue!

Application service provider 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 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,'s web-hosting division. will pay for Ice-Blue in equity.

Courtesy The Australian Industry Standard:

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