Malaysian web hosting and cloud service provider Exabytes Capital Group has acquired Indonesia-based Master Web Network (MWN) including its fully-owned subsidiaries – PT Cyberdata Technology and PT Registrasi Nama Domain.
The acquisition was done through an Exabytes’ special purpose vehicle (SPV) company called Masterweb International Pte. Ltd., according to a company announcement which did not disclose any financial terms of the deal.
Founded in 1998, MWN focuses on delivering website hosting services and other services including domain name, cloud hosting, virtual private server and managed server. It is the top web hosting firm in Indonesia since 2004 based on number of customers, according to a ranking published by HostAdvice, a renowned web hosting information center.
Meanwhile, its subsidiary Cyberdata Technology is a data center and it provides co-location services and Registrasi Nama Domain offers domain registration.
The acquisition makes MWN the second company owned by Exabytes in Indonesia after it formed PT Exabytes Network Indonesia in 2017. Combining both Exabytes Network Indonesia and MWN, Exabytes now emerges as the largest web hosting provider in Indonesia with over 40,000 active paying clients.
“As we grew we wanted to add low cost hosting as well so we could cater to a larger pool of customers in the country of over 200 million people. This is where we saw Master Web Network that has over 40,000 active paying customers, would make a good addition to our group of companies. With that, Exabytes Group in total is serving over 120,000 active clients,” said Exabytes founder and CEO Chan Kee Siak.
Exabytes says it will look into investing resources such as technology, automation and talent training into MWN in order to help it further accelerate its business and continue improving its service offerings in Indonesia.
Southeast Asia is an important region for Exabytes. Besides Indonesia, the company is making inroads in Singapore. Exabytes has forayed into Singapore’s web hosting services market when it incorporated Exabytes Network Singapore Pte. Ltd. in 2010 and then acquired a local company in 2014. Since then Exabytes has acquired several other companies in Singapore.
The latest investment into Indonesia comes following the recent investment of $10.7 million Exabyte received from Malaysia’s government-linked private equity fund Ekuiti Nasional Bhd (Ekuinas). The investment was in exchange for a 40 per cent stake in the company, with an option to increase its stake up to 54 per cent.