Cloud Equity Group, a Wall Street investment management firm focused on opportunistic acquisitions of service providers web hosting, has announced the acquisition of Just199 hosting, budget web hosting provider based in South Carolina. Financial terms of the transaction are not disclosed.
Just199 Hosting, which operates under Just199.com, was founded in 06 by Dave Wykofka in order to provide easy to use budget web hosting services for the masses. Over time, the company has diversified its product range to include shared hosting, reseller hosting, virtual private servers, forum paid hosting and remote assistance.
Cloud Hosting Just199 Equity Group will incorporate in its consolidated portfolio to offer a premium web hosting service budget for beginners and advanced website owners worldwide.
"Just199 offers a more affordable hosting solution that the majority of web hosting providers in the industry, while fully facilitating individuals and small businesses in creating a presence single line, "said Sean Frank, Managing Partner Cloud Equity Group ." This acquisition fits our objective to provide robust web hosting solutions to help individuals and small businesses to develop a presence online."
"As we got to know Dave and his team, we have become impressed with the platform and the quality of the product they developed with the minimum capital contribution," added Frank M .. . "We plan to open new opportunities and improve Hosting Just199 digital footprint by leveraging existing infrastructure cloud Equity Group as well as take their web hosting services feature rich and by providing the masses . "
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