This Month Deal Signals Continued M&A Activity in Tech Industry
“We’re really excited about the acquisition of Uberhost, mainly due to both its reputation in high-quality hosting and its strong emphasis in technical support,” said Justin Sauers, Director at KnownHost.com. “KnownHost has always been focused on the same qualities, so this is a natural match that has made this acquisition easy for both parties to act on.”
Rick Taylor, owner and president of Uberhost, agreed.
“I am very excited that KnownHost will be acquiring our company. KnownHost has a legendary track-record of expert support delivered rapidly and on a 24/7 basis, so I’m confident that our customers will be very well taken care of by their friendly staff.”
Customers of both companies will experience no immediate changes.
“We will maintain the brand name Uberhost,” said Sauers. “Our goal is to make existing customers feel comfortable and we’ll make this transition as seamless as possible.”
Uberhost sells shared hosting, VPS hosting, and Dedicated Servers.
This latest agreement mirrors growing activity in the mergers-and-acquisitions space this year for web hosting companies.
Industry news outlet TheWhir.com recently reported in an article that Peter Hopper, CEO of DH Capital, told the audience last month at the Hosting and Cloud Transformation Summit that “there have been significantly more deals in 2012 already than there were in all of 2011.” And that he expects “a lot more before the end of the year.” Also, according to the article, “he thinks managed and hybrid cloud models will be extremely effective in the next 12 months.”
Among larger tech-company deals, media outlet VentureBeat.com published an infographic of the big-picture buying spree this year, citing LinkedIn’s purchase of Digg’s patents and Zynga’s purchase of OMGPOP, among others.
KnownHost is recognized for monitoring 232 physical servers for its managed products, also placing it as the number-one web host among the HyperSpin rankings for reliability and uptime. KnownHost achieves a 99.980% uptime ranking, exceeding the 99.5% benchmark that HyperSpin considers to be a reliable web host. The provider is also a recipient of a 2012 Editors’ Choice Award from Web Hosting Directory and Review site FindMyHost.com, which bases its recognition on both editor-level and consumer-level reviews.
About KnownHost LLC
KnownHost LLC is a privately-held professional web hosting company founded outside of Washington, D.C. It offers affordable web hosting plans through packages featuring Managed Virtual Private Servers (VPSs), Managed Hybrid Servers, Managed Dedicated Servers, and Unmanaged Virtual Private Servers (RocketVPS.com). The firm provides a 99.980% uptime for its managed products on a base of 232 servers, and it operates data centers in Texas, California and New Jersey. Visit KnownHost at knownhost.com and on Twitter and Facebook.