One.com buys its second Nordics web hosting firm in months
The deal sees the European web hosting market further consolidate as acquisitions have been common in recent times.
European web hosting firm one.com has acquired SYSE, the second Norwegian hosting firm it has acquired in a matter of months. It acquired Digital Garden in September 2019.
SYSE was founded in 1995 as a personal computer and hardware supplier and transitioned into a web-hosting firm serving around 12,000 end customers.
SYSE’s self-developed product portfolio includes the Tornado Web Server solution, which provides ultra-scalable and secure web hosting.
The company’s white-label platform is used by reseller customers who can use a customisable control panel to deliver full functionality and flexibility.
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The acquisition – for an undisclosed sum – continues one.com’s buy and build strategy, backed by private equity firm Cinven, following historically high organic-only growth.
With Cinven’s support, one.com says it is looking to continue to expand both organically and through acquisitions into its core markets of the Nordics, Benelux, the UK and the DACH region, as well as other geographic regions.
Stephan Wolfram, group CEO of one.com, said: “SYSE represents another big step in one.com’s growth story, we welcome the SYSE organisation and team into the group. The partnership between one.com, Digital Garden and SYSE creates an excellent platform in the Norwegian market which will continue to grow.”
He added: “We have been impressed with SYSE’s ability to listen to customers and their commitment to delivering technical and innovative products to the web hosting market with outstanding support; they will complement our existing global development and support team exceptionally well.”
In another web hosting acquisition last December, KPN web hosting subsidiary Argeweb was acquired by fellow Dutch company Total Webhosting Solutions (TWS) for an undisclosed sum.
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