ASX-listed Internet company ehyou.com has acquired another small Web hosting company in its quest to become a formidable player in the growing hosting industry.
The company has acquired domestic hosting company Super-hosting.com.au for an undisclosed amount, its fifth acquisition of such a company in as many months. Ehyou.com has also integrated four other acquired Web hosting businesses into its Ozhosting.com subsidiary in recent months, being iAsiaworks, Domains N' Servers, Ice Blue and Moniker.
While spending up on these Web hosting firms, ehyou.com chief executive officer Dominic Carosa said the company still has $6 million in the bank. The Super-hosting.com.au business was purchased using a combination of both cash and shares.
Carosa said he is essentially acquiring customers. All of the hosting companies acquired are being integrated into a common infrastructure and branded under the OzHosting.com name, in order to meet the economies of scale necessary to become a substantial player in the hosting market.
Carosa has been employing a few additional people to cope with the increased customer base, but said he was focusing on keeping his expenses low. While ehyou.com is not yet of the size of players like WebCentral, Carosa said the company is "aggressively moving in that direction."