Dreamscape Networks acquires Singaporean business
- 17 August, 2018 08:45
Dreamscape Networks has announced plans to acquire Singapore’s Webserver.sg for S$460,000.
The publicly-listed domain registration, hosting and online solutions provider has just moved its headquarters in Singapore in July.
The move integrated marketing for the company’s brands, Crazy Domains and Vodien, and consolidated the executive team, finance, administration and human resources functions for the Dreamscape Networks group
CEO Mark Evans and COO Gavin Gibson have both relocated to Singapore. Group finance director Tony Sparks will relocate to Singapore towards the end of 2018.
Webserver.sg was previously called NewMedia Express, which was established in 2003 and offers a variety of hosting solutions - the name change took place in May 2018
Offering domain names, shared hosting and email hosting solutions, Webserver.sg has about 3,644 customers split across domains and hosting.
“Webserver.sg is a key and strategic acquisition for Dreamscape Networks in Singapore," Dreamscape Networks CEO Mark Evans said.
“Dreamscape Networks’ focus for FY19 will see more activity in South East Asia as we leverage the Vodien brand and infrastructure as well as grow the Crazy Domains brand within SEA."
In tandem, Evans said the business will continue to acquire, develop and deliver products through the provider's solutions pillar to an expanded customer base.
"Strategic partnerships remain a key growth strategy in Australia and into SEA where we have recently commenced co-marketing campaigns with PayPal in Asia, with Australia to follow," he added.
"We have also partnered with Devcon, a developer community in the Philippines which sees us teaming up with students, educators, web professionals as well as fresh graduates within our industry."
In June, the company announced a deal to acquire the customers, systems, and brand assets of Domain Name Registrar for $8.5 million.
According to Dreamscape Networks, Domain Name Registrar’s principal focus is domain registration and web hosting, with approximately 80 per cent of the company’s business coming from domain registration and 20 per cent from hosting.
For Dreamscape Networks, the deal sees further consolidation in the domain registration and hosting space, with the company already having undertaken a number of multimillion-dollar acquisitions to build its already substantial presence in the market.
This acquisition is expected to generate around $2.5 million of revenue and $1.5 million pro forma pre-tax earnings (EBITDA) in the 2018 financial year.