New acquisition is expected to ramp up overseas business by 20% towards achieving revenue of RM 30 million by Financial Year Ending 2015
Kuala Lumpur, 06 August 2014 – Exabytes Network (‘Exabytes’), Malaysia’s largest Web hosting provider, today announces its 100% acquisition of USONYX Pte. Ltd (‘USONYX’) in bid to gain immediate market share and extended leadership position in the South East Asia region’s Web hosting sector.
USONYX was a wholly-owned Singapore subsidiary of Japanese company, *Clara Online. (*Refer to the boilerplate for more information about Clara Online)
USONYX provides server hosting services to small- and medium- sized companies and has established since 2006 with a customer-base of over 3000 corporations, SMEs and users.
Exabytes’ CEO and founder, Chan Kee Siak says, “Exabytes has completed the acquisition of USONYX with the purchase of one hundred percent (100%) of its shares; immediately putting Exabytes in clear leadership position as a significant web hosting provider in the region, in terms of market share and revenue.”
“I am confident that Exabytes’ business will be further accelerated by the growing regional market demands for Web hosting, in view of that SEA is being identified as one of the world’s fastest-growing markets for e-commerce. On average, the market is expected to grow by 37.6 percent to reach RM113.85 billion (~USD 34.5billion) by 2018¹. ”
Chan says, “Web hosting is fundamental to the setting up of online businesses for e-commerce trade. In addition, according to research¹, Singapore was the largest e-commerce market in SEA in 2013.
Therefore, it is only logical that we select Singapore as the first marketspace to kick start our regional business expansion.”
Exabytes is expecting that the acquisition of USONYX will ramp up its annual overseas’ revenues by up to 20 percent.
In FY2014 (ended as of 31 March 2014), Exabytes reported a total revenue of RM21 million. The company is targeting to achieve 50 percent of overall growth in revenue by fiscal 2015.
“Moving forward, we are eyeing more acquisitions or partnerships in the region to accelerate our market share growth. As planned, we are preparing to penetrate Indonesian market in the 4th quarter of 2014,” ends Chan.
About Exabytes Network Sdn Bhd
Exabytes Network Sdn Bhd (Exabytes) is currently the No. 1 Web Hosting Provider in Malaysia. Exabytes has being specializing in providing web hosting services to small and medium size businesses, individuals and SOHO since Year 2001. Exabytes is now serving over 70,000 clients, with over 100,000 websites, and over 1 million email accounts worldwide from over 120 countries. Today, Exabytes also owns one of the nation’s largest Online eCommerce Platform, Easy.my. Some of the key solutions that Exabytes offers include shared web hosting, dedicated server hosting, reseller hosting, cloud hosting, SSL web certificate, Virtual Private Servers (VPS), Content Delivery Network (CDN), server management, Ebuzz Email, TRUSTe Privacy Services, Server Co-location, student hosting, charity hosting, online shopping mall and hosted eCommerce platform (Easy.my), domain registrations, website design, company logo design, Facebook fan page design and more. For more details about Exabytes, please visit http://www.exabytes.my/.
About Clara Online, Inc.
Founded by Kentaro Iemoto in 1997, Clara Online, Inc is a leading hosting provider based in Japan, China, Singapore and Taiwan. Clara Online was the first web hosting provider to offer Linux based virtual servers in Japan. To become Asia’s No.1 internet service platform company, our guiding principles are simple. We always try see things from the customer’s point of view and hope to build an excellent, long-lasting relationship. And, we strive to research and implement the latest technologies to continue provide innovative services.
More photos of the press conference which was held for the acquisition announcement are available at http://blog.exabytes.com/2014/08/13/exabytes-group-launches-easyparcel-and-acquires-usonyx/