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Tuesday, July 14, 2015

EXABYTES Acquires Singapore Hosting Company Signetique

Jul 13 2015 - KL:

Exabytes Network Sdn Bhd, Malaysia’s leading Web hosting and E-commerce solutions provider today announces its 100% acquisition of Signetique IT Pte Ltd.

Signetique which is one of the largest Singapore-based cloud hosting provider that offers virtual private servers, dedicated server, cloud hosting and managed services. Establish for over 15 years, their wide customer-base consist of small medium size enterprises (SME) to large, regional and international multi-national companies.

Description: Exabytes’ Founder and CEO, Chan Kee Siak 2aExabytes’ Founder and CEO, Chan Kee Siak says that the acquisition of Signetique is part of Exabytes’ regional expansion to cement the position of the Malaysian company; to be what is believed will be the second largest hosting group in Singapore. With the acquisition Exabytes will now have a 15 percent share of the Singapore hosting market. Earlier in August 2014, Exabytes announced that it had acquired USONYX Pte Ltd.

“Together with Exabytes Singapore, all three companies will continue to operate separately, focusing on different segments of the Singaporean market. Overall, I foresee that our overseas business revenue to grow to make up 40 percent of our total revenue,” says Chan.

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