Leaseweb Global Expands Canadian Presence with iWeb Acquisition
This is technology M&A deal number 478 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
The iWeb acquisition will expand Leaseweb’s market presence in Canada to its third biggest international region by revenue, behind The Netherlands and the U.S., according to the buyer.
Leaseweb Global Acquires Montreal Hosting Provider iWeb
Leaseweb is an infrastructure-as-a-service (IaaS) provider with 20 data centers across Europe, Asia, Australia and North America. The company has 18,000 customers and more than 80,000 servers under management. Leaseweb, founded in 1997, provides infrastructure for websites, internet applications, email servers, security and storage services. Additional services span public cloud, private cloud, dedicated servers, colocation, content delivery network (CDN) and cybersecurity services.
iWeb, founded in 1996, was previously part of INAP. The company has 92 employees and offers high-performance dedicated servers and cloud hosting from its three Montréal-based data centers.
iWeb provides high-speed global connectivity via ISP peering in Montréal and Tier 1 providers. Key services span dedicated servers, private cloud, security and colocation capabilities. iWeb’s solutions are powered by 99% renewable hydroelectricity, the seller says.
Leaseweb Global Acquires iWeb: Executive Commentary
In a prepared statement about the deal, Leaseweb Global CEO Con Zwinkels said:
“We have followed the development of iWeb with great interest for a number of years, and as a business with very similar DNA to our own, we know they will bring a wide range of complementary services and skills to our presence in Canada. They live and breathe hosting, have a deep understanding of the requirements of Canadian customers, and we’re delighted to welcome them to the Leaseweb team.”
Roberto Montesi, SVP and GM at iWeb, added:
“Today is a very exciting day for iWeb employees, customers and partners. We are joining a team that is focused on product, growth and customer experience. We have long admired Leaseweb as a competitor. Now, as colleagues, we look forward to deploying new offerings quickly in our Montreal location to match the Leaseweb portfolio. This is an exciting state in our journey and ensures that Canada becomes a huge part of the future Leaseweb success story.”
Previous Leaseweb Hosting Applications
Leaseweb has acquisition experience. The company previously acquired ServInt in 2018, Nobis Technology Group in 2016 and Shore.net in 2013.