Cloud Equity Group, a Wall Street based investment management company focused on opportunistic acquisitions of web hosting service providers, has announced the acquisition of Just199 Hosting, a budget web hosting provider based out of South Carolina. Financial terms of the transaction were not disclosed.
Just199 Hosting, which operates under Just199.com, was founded in 2006 by Dave Wykofka with the goal of providing easy-to-use budget web hosting services for the masses. Over time, the company diversified its product offerings to include shared hosting, reseller hosting, virtual private servers, paid forum hosting, and remote support.
Cloud Equity Group will integrate Just199 Hosting into its consolidated portfolio to deliver a premium budget web hosting service to both novice and advanced website owners worldwide.
“Just199 offers a more affordable hosting solution than the majority of web hosting providers in the industry while fully facilitating individuals and small businesses in creating a unique online presence,” said Sean Frank, Managing Partner at Cloud Equity Group. “This acquisition aligns with our focus of providing robust web hosting solutions geared to help both individuals and small businesses develop an online presence.”
“As we got to know Dave and his team, we became impressed with the platform and quality of product they developed with minimal capital input,” added Mr. Frank. “We plan to open new opportunities and enhance Just199 Hosting’s digital footprint by leveraging Cloud Equity Group’s existing infrastructure as well as taking their feature-rich web hosting services and providing them to the masses.”