NEW YORK, NY / ACCESSWIRE / August 15, 2022 / Cloud Equity Group, a number one non-public fairness agency with an funding focus in corporations inside the technology-enabled enterprise companies, introduced the sale of its portfolio firm, ComfortHost to KnownHost. ComfortHost is a number one supplier of internet hosting companies. The sale marks the second portfolio realization for Cloud Equity Group this yr. The phrases of the transaction weren’t disclosed.
ComfortHost is a internet hosting firm that gives shared, reseller, digital non-public server, cloud, and devoted server internet hosting to clients internationally. The agency supplies internet hosting companies out of its datacenter areas in Orlando, Buffalo, and Barcelona.
Cloud Equity Group initially invested in ComfortHost in October 2016. During Cloud Equity Group’s six-year possession interval, income and EBITDA improve considerably pushed by an natural progress technique centered on new buyer wins and pockets share enlargement of ComfortHost’s strategic add-on acquisition of Advantagecom Networks in July 2020.
“We’re very proud of what we have completed throughout our partnership with ComfortHost. Over the previous six years, the corporate has skilled large progress and has additional solidified its place as a market chief in excessive efficiency internet hosting companies” stated Sean Frank, a managing accomplice at Cloud Equity Group. “KnownHost is the proper new accomplice to assist ComfortHost proceed its momentum, and we sit up for listening to about its ongoing innovation and success.”
About Cloud Equity Group
Founded in 2013, Cloud Equity Group is a premier asset administration agency investing in lower-middle market progress expertise corporations. Cloud Equity Group’s mission is to accomplice with and help one of the best entrepreneurs in rising, worthwhile expertise corporations. The agency’s deep sector experience and sources assist to construct nice corporations with an intention to speed up progress, enhance operations, and drive long-term sustainable worth. To study extra, please go to: https://www.cloudequitygroup.com
About ComfortHost
ComfortHost is a longtime internet hosting supplier servicing clients internationally throughout its Buffalo, Orlando, and Barcelona areas. ComfortHost has the capabilities to supply the standard, energy, and pace to maintain companies optimized and working shortly over the web. The agency’s purpose is to supply and join 1000’s of shoppers all over the world with a personalised internet hosting resolution to fulfill the rising data expertise calls for of companies.
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SOURCE: Cloud Equity Group
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