Exabytes Acquires Singapore Hosting Company Signetique
With its latest acquisition in Singapore, Exabytes’ revenue is due to increase by up to 50 percent this year as the Company eyes entry into Indonesian markets
Exabytes Network Sdn Bhd, Malaysia’s leading web hosting and ecommerce solutions provider today announces its 100 percent acquisition of Signetique IT Pte Ltd.
Signetique is one of the largest Singapore-based cloud hosting providers offering virtual private servers, dedicated server, cloud hosting and managed services. Establish for more than 15 years, their wide customer-base consists of small-medium size enterprises (SME) to large, regional and international multi-national companies.
Exabytes Founder and CEO, Chan Kee Siak said that the acquisition of Signetique is part of Exabytes’ regional expansion to cement the position of the Malaysian company; in what is believed to result in the formation of the second largest hosting Group in Singapore. With the acquisition, Exabytes will now have a 15 percent share of the Singapore hosting market.
Earlier in August 2014, Exabytes also announced that it had acquired USONYX Pte Ltd.
“Together with Exabytes Singapore, all three companies will continue to operate separately, focusing on different segments of the Singaporean market. Overall, I foresee that our overseas business revenue to grow to make up 40 percent of our total revenue,” commented Chan.
In Malaysia, Exabytes is the No.1 Web Hosting Provider in Malaysia with a 30 percent market share. In 2014, Exabytes recorded a total of RM32million in revenue (ended as of 31 March 2015). The company is projected to grow by up to 50 percent by the end of FY2015.
Over the next few years, the Company will focus its energies on expanding within South East Asia and making more strategic partnerships within the internet business scope. “Being the transportation center to all major cities in South East Asia, Malaysia is a strategic location for us to expand regionally from,” explained Chan.
After this, Exabytes’ next target is to offer its website hosting services and cloud-based expertise to the Indonesian market. Through the acquisition of Signetique, Exabytes acquires an immediate presence in Indonesia.
“Currently the Jakarta office focuses on customer service support for our customers in Malaysia and Singapore. There’s untapped potential in the Indonesian market, but we require careful planning before we can start our operations there; but by the end of 2015, we hope to launch full-fledged hosting services in Indonesia,” said Chan.
Exabytes also recently announced two strategic partnerships. At the beginning of the year, Exabytes was appointed as Google AdWords™ Premier SME Partner (PSP) in Malaysia; while recently it teamed up with Japanese payment gateway leaders, GMO Payment Gateway Inc (GMO-PG).
“We believe that ecommerce will multiply in growth in the next few years. The internet’s potential for business has yet to be fully explored in this region and Exabytes is preparing to help the regional community with our hosting and ecommerce expertise,” he concluded.