Malaysian Web Hosting Firm Exabytes Acquires HT Internet to Grow Managed Services
Malaysian web hosting provider Exabytes Group has acquired domains and web hosting company HT Internet, Telecompaper reports. The deal will allow Exabytes to branch into e-commerce and offer fully managed website and e-commerce services to its current client base of 75,000 customers and 200,000 websites. Financial details of the acquisition were not disclosed.
Exabytes will take over HT Internet’s Grow, DomainPlus, and other brands, and integrate the company’s team with its own, according to Telecompaper. The companies will share back-end resources, and the HT team will focus on growing the managed services business.
See also: Exabytes Acquires Singapore Cloud Hosting Provider Signetique
Growth in online services in emerging markets like Malaysia, and continued momentum in market like Singapore will contribute to Asia Pacific making up a larger share of the colocation data center market than North America by 2020, according to Structure Research.
The Malaysian government has made efforts to boost adoption of new technologies in the country, and Frost & Sullivan research found Malaysia’s IT market growing at a rate of roughly 9.5 percent (CAGR) from 2013-2017. Malaysia is also Southeast Asia’s largest e-commerce market, with $2.3 billion in revenues in 2015.
HT Internet was founded in 2011, and manages over 5,000 domain names. The company also offers website development, and online marketing and advertising services.
Exabytes, which was founded in 2001, is already piloting a fully managed website service in Malaysia, and Telecompaper reports it has plans to expand it to other markets, including Singapore and Indonesia.
Source: TheWHIR