UberGlobal acquires MYOB hosting business
Company expands by 40% and increases market share to 20%
Monday, 5 August, 2013 – Hosting and cloud services provider UberGlobal today announced the acquisition of MYOB’s domain and hosting business.
This deal comprises the hosting brands SmartyHost and Ilisys, which UberGlobal took control of on 1 August. With the new acquisition Uber increases its share of the Australian hosting market to approximately 20%. The takeover will be UberGlobal’s fourth major acquisition in the last five years and reinforces UberGlobal’s claim to be the market’s most active consolidator.
UberGlobal Chairman Mark McConnell said incorporating the SmartyHost and Ilisys businesses was a key step in the company’s evolution, adding further scale and market share to their fast growing operations.
“This acquisition is directly aligned with UberGlobal’s cloud services consolidation strategy and solidifies our position as the third largest hosting provider in Australia,” he said. “The deal is part of a strategic commitment to invest in the Australian hosting market, further build our portfolio and offer our newly acquired customers access to one of Australia’s most advanced cloud services and hosting platforms.”
Once integrated into the UberGlobal platform, SmartyHost and Ilisys hosting and reseller customers will have access to a range of new services, enterprise grade equipment, plus a simplified and enhanced user experience.
UberGlobal CEO Denis Jorgensen said: “Since its inception UberGlobal has enjoyed compound year-on-year growth. This growth has been driven by a defined brand strategy, a full spectrum product offering, investment in local, reliable and secure capability, and a number of strategic acquisitions. This latest deal opens another chapter in UberGlobal’s growth while supporting our vision of being Australia’s premier cloud services partner by staying always ahead.”
MYOB General Manager – Enterprise and Websites Divisions, Andrew Birch, said: “The sale of our domain and hosting business, which operated separately from the rest of our Websites Division, empowers MYOB to focus on the aspects of our business that are core to our client offering. In researching this deal, it was vital that we found a business with the same commitment to customer service excellence. We are confident UberGlobal will make a smooth transition to providing the same exemplary support that SmartyHost and Ilisys customers are accustomed to.”
The MYOB Websites Division will retain the MYOB Atlas website builder.
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UberGlobal is one of Australia’s fastest-growing hosting and cloud services provider to individuals, SMBs and some of Australia’s largest companies and federal agencies. UberGlobal, which regularly features in the BRW Fast 100 List, is powered by innovation and cutting edge technology that provides enduring and bespoke solutions to help keep clients ahead. UberGlobal has the third largest market share in the Australian hosting industry.
Established in 1991, MYOB is Australia’s largest provider of business management solutions. Over 1.2 million businesses in Australia and New Zealand use one of its products and services to make their business life easier. MYOB focuses solely on this market, simplifying accounting, payroll, tax, CRM, website creation, inventory and more for businesses of all ages, shapes and sizes. Today its solutions extend online, leveraging the benefits of cloud computing for its clients. To take this even further, MYOB recently increased its annual R&D spend to over AU$30 million and acquired renowned accounting solutions provider BankLink.
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Cautionary statement regarding forward-looking statements.
UberGlobal cautions investors that any forward-looking statements or projections made by UberGlobal, including those made in this announcement, are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Any forward-looking statements in this release are based on limited information currently available to UberGlobal, which is subject to change, and Uber will not necessarily update the information.