Cloud company Leaseweb have acquired web hosting provider ServInt in a bid to expand their footprint in the U.S. market. With this acquisition deal, Leaseweb will gain access to ServInt's U.S. based customers and leverage the latter's network for business growth.
According to Leaseweb, the U.S. market has reached a stage of maturity when it comes to cloud, CDN (Content Delivery Network) and hosting products. With this development, Leaseweb believe that new business opportunities are likely to rise given the number of enterprises demanding such products and services.
Leaseweb say that with this acquisition, they will be able to penetrate the U.S. market rather easily. They also claim that by getting exposed to ServInt's clients, Leaseweb will gain a different perspective towards the needs of customers.
Speaking about the acquisition, Lex Boost, CEO of Leaseweb USA, commented:
We are delighted to welcome the ServInt team to Leaseweb to further strengthen our position in the USA.
They hold a phenomenal track record on servicing and retaining their customers and their philosophy that a strong team makes a strong company fits ours seamlessly. With ServInt we added another building block to become a leading cloud services provider in the United States.
ServInt are of the opinion that they always saw synergies with Leaseweb. They also added that both ServInt and Leaseweb are quite similar in terms of business goals and are quite delighted with this acquisition deal.
Explaining the same, Reed Caldwell, Founder & CEO at ServInt, commented:
Leaseweb and ServInt are very similar in many ways. In the mid-nineties, we both saw the potential of the internet and decided to make a business out of it.
Twenty plus years on we can look back on some great achievements. I'm proud that ServInt is now joining the Leaseweb family, giving clients access to the same experts and services they're used to, whilst having the ability to take advantage of a strong, global operation in Leaseweb.
The financial terms of the deal were undisclosed by both companies.
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