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Aplus.Net Acquired by Catalyst Investors.
2006-12-06, HostMan.biz Catalyst Investors, a private equity fund, announced the acquisition of Aplus.Net, a web presence firm operating under the brand names Aplus.Net and Cedant. Terms of the transaction were not disclosed. Headquartered in San Diego, California, Aplus.Net provides website presence solutions including domain registration services, web hosting, dedicated server hosting, web design and web marketing services to approx 90,000 small and medium-sized businesses. Founders Ivan and Lilian Vachovsky will retain an Ownership stake and Mr.Vachovsky continues to serve on the board of directors. Aplus.Net has 300 employees with operations in San Diego and Sacramento, California, Phoenix, Arizona, Sofia, Bulgaria and Manila, Philippines. Web hosting industry veteran Gabriel Murphy will co-invest alongside Catalyst Investors, be appointed to the Board of Directors and serve as the Chief Executive Officer, says the company. Tyler Newton, Principal at Catalyst said that Catalyst considers web hosting a highly profitable business with strong organic growth. With a strong culture of profit-minded sales growth and customer care, Aplus.Net is an excellent platform for building what Catalyst believes will be the leading company in the hosting industry. Mr. Murphy added that Aplus.net is a rapidly growing, highly profitable web presence firm. The company has a very effective sales model along with a high level of automation and very strong product set and they are looking forward to continuing the growth trajectory of the business and introducing additional products and services to the SMB customer base. |
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