{"id":83785,"date":"2016-12-12T06:53:18","date_gmt":"2016-12-12T04:53:18","guid":{"rendered":"http:\/\/www.myza.co.za\/hostafrica-acquires-vps-networks\/"},"modified":"2016-12-12T06:53:18","modified_gmt":"2016-12-12T04:53:18","slug":"hostafrica-acquires-vps-networks","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/hostafrica-acquires-vps-networks\/","title":{"rendered":"HOSTAFRICA acquires VPS Networks"},"content":{"rendered":"

HOSTAFRICA acquires VPS Networks<\/a>: <\/p>\n

\"\"HOSTAFRICA acquires VPS Networks in a multi-million rand deal as it continues to roll out its growth strategy in the South African Hosting Market<\/p>\n

HOSTAFRICA Pty Ltd. acquires VPS Networks Pty Ltd., including its employees, technical equipment and customers, effective December 1, 2016. This acquisition will strengthen the strong cloud focus of the South African hosting provider. The acquisition is backed by the Swiss investment company Concorde Industries.<\/p>\n

VPS Networks is one of South Africa\u2019s oldest providers of virtual servers. The private company has vast expertise in cloud solutions and is able to tailor a service to any server hosting requirement. It offers a fully-automated portfolio of products, including small development servers and larger cloud servers for both Windows and Linux. Both companies, HOSTAFRICA and VPS Networks, share the same vision with a strong focus on customers and technical innovation.<\/p>\n

\u201cVPS Networks grew more than 30% in the past year and we have been searching for a strong partner to facilitate continued growth,\u201d says David Venter, managing director of VPS Networks. \u201cAnd we found just such a partner in HOSTAFRICA. We couldn\u2019t be happier to be part of the team.\u201d<\/p>\n

Venter will join the HOSTAFRICA team as CTO and his team will ensure that HOSTAFRICA goes from strength to strength. Current VPS Networks customers will be relieved to hear that nothing about VPS Networks\u2019 services will change, apart from the invoicing, which will now be done by HOSTAFRICA.<\/p>\n

HOSTAFRICA\u2019s build and buy strategy<\/p>\n

As a significant milestone, HOSTAFRICA\u2019s major acquisition of VPS Networks marks an important step in fostering the company\u2019s growth in the South African hosting market. HOSTAFRICA is focusing on organic growth while completing its portfolio with strategically relevant acquisitions.<\/p>\n

\u201cThe takeover of VPS Networks by HOSTAFRICA is a coup for the fast-growing South African hosting industry,\u201d says Michael Osterloh, CEO of HOSTAFRICA. \u201cThe demand for cloud infrastructure continues to grow year on year. HOSTAFRICA believes that moving forward with an acquisition will help provide an extended and updated product portfolio to its clients, keeping them consistently competitive and relevant.\u201d<\/p>\n

The acquisition was supported by the Swiss investment company Concorde Industries, which became a shareholder in HOSTAFRICA during the acquisition. In partnership with HOSTAFRICA, the new investor is planning further strategic acquisitions in the South African hosting market.<\/p>\n

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