Malaysia’s Exabytes acquires Singapore hosting company Signetique
By Digital News Asia July 14, 2015
- Second acquisition in Singapore to help boost revenue by 50% this year
- Stepping stone into Indonesian market, full-fledged entry end-2015
KUALA Lumpur-based webhosting and e-commerce solutions provider Exabytes Network Sdn Bhd has announced its 100% acquisition of Signetique IT Pte Ltd, its second in the city-state. Financial terms were not disclosed.
Signetique is a cloud hosting provider that offers virtual private server, dedicated server, cloud hosting, and managed services.
Established over 15 years ago, its customer base consists of small and medium enterprises (SMEs), as well as large, regional and international multinational companies, Exabytes said in a statement.
With the acquisition, Exabytes will now have a 15% share of the Singapore hosting market, the company said. Earlier, in August 2014, Exabytes had also acquired Usonyx Pte Ltd.
“Together with Exabytes Singapore, all three companies will continue to operate separately, focusing on different segments of the Singaporean market,” said Exabytes founder and chief executive officer Chan Kee Siak (pic).
“Overall, I foresee that our overseas business revenue will grow to make up 40% of our total revenue,” he added.
In Malaysia, Exabytes claims a 30% market share in the webhosting business.
In its fiscal 2014 ended March 31 2015, it recorded RM32 million in revenue, and said it projects revenue to grow by up to 50% by the end of its 2015 financial year.
Expanding to Indonesia
“Over the next few years, we will be focusing on expanding within South-East Asia and [forming] more strategic partnerships within the Internet business scope,” said Chan.
Exabytes’ next target is to offer its website hosting services and cloud-based expertise to the Indonesian market.
Through the Signetique acquisition, Exabytes also acquires an immediate presence in Indonesia, the company said.
“Currently the Jakarta office focuses on customer service support for our customers in Malaysia and Singapore,” said Chan.
“There’s untapped potential in the Indonesian market, but we require careful planning before we can start our operations there – by the end of 2015, we hope to launch full-fledged hosting services in Indonesia,” he added.
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