Investment management firm Cloud Equity Group, based in New York, has completed its acquisition of all web hosting companies owned by Conseev. Part incubator, part contract house, Conseev is a software development firm that has been acquiring and consolidating web hosting companies since 2011. The Conseev hosting companies will continue to be led by its current management team.
The Conseev hosting companies acquired as part of this single transaction include IQNect Hosting, Cloak Hosting, VPSCheap, tmzVPS, EasySEOHost, Idologic Networks, The Prime Host, Service Site Hosting, PureSpeed Hosting, Web Weaver Elite Web Hosting, and TechArk Internet Services. Financial terms of this private transaction were not disclosed.
“As an 8-year web hosting veteran, I’m very enthusiastic about what Cloud Equity Group can bring to the table,” said Juan Costa, Chief Operating Officer of the Conseev hosting companies. “It’s rare to find a group that provides the benefits of belonging to a larger organization (more resources and larger network) without the usual downsides of strict horizontal integration.”
Web Hosting, Scale Advantages
Founded in 2011, the Conseev hosting companies provide service to subscribers worldwide from these 11 distinct hosting brands through an international footprint spanning over 30 countries. The company has grown both organically and by acquisition to become a diversified provider of web hosting services.
“We believe strongly in the long-term growth tailwinds around the hosting sector,” said Sean Frank, a Managing Partner at Cloud Equity Group. “We’re excited to partner with Juan and his team to continue to build an international conglomerate with real scale advantages and a differentiated value proposition for its customers.”
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