August 6, 2014 (Wed): 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 – the first web hosting provider to offer Linux based virtual servers in Japan.
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 2018. ”
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.