On January 8, 2019, Hostway and HOSTING announced their merger, combining to create a larger cloud-service provider platform. Both companies have trusted and reliable customer service on top of their secure cloud-based solutions and offer a range of products for their clients’ scale and growth. The combined entity will be a leader in managed hybrid cloud services with data centers located across the United States and globally.
Trends based on the Hostway / HOSTING Merger
As can be seen above, the space has median acquisition price of $82.29M. The 3 most recent acquisitions include Solutions-II’s acquisition of CMI, Inc. on Jan 23rd, Converge Technology Partners acquisition of Software Information Systems on Jan 21st, and M/C Partners acquisition of Carbon60 Networks on Jan 8th. Another notable acquisition (not visible in graphic) is that of CloudHealth Technologies by VMWare.
It can be seen that the median company age for all companies in the same space [cloud services, data centers] is 14 years with median funding of $19.5M.
Moreover, several companies in this space have recently raised capital. MODE, a San Mateo based infrastructure company, raised $500k of Series A capital in November 2018, while CTERA Networks, an Israeli enterprise synchronization solution platform, raised $30M of capital in a series D round, October 2018.