[Singapore] – [1st Mar 2017] – UCloud Asia Pte Ltd today announced it had signed a definitive agreement to acquire Venture Domain Hosting (www.vdomainhost.com.sg), a Singapore Web Hosting Company. Venture Domain Hosting provides VPS Hosting, Cloud Hosting, Enterprise Exchange Hosting, Domain Name Registration. The agreement combines the strengths of UCloud Asia Pte Ltd and Venture Domain Hosting, by leveraging UCloud Asia Pte Ltd's global network and resources and Venture Domain Hosting's 15 years of local web hosting industry expertise to deliver an unparalleled Internet experience to local consumers.
"Venture Domain Hosting's seasoned management team has done a fantastic job of building a robust and successful operation that provides reliable hosting solutions to SMEs in Singapore,” said Steven Chin, UCloud Asia Pte Ltd’s Director. “UCloud Asia Pte Ltd and Venture Domain Hosting share a strong consumer focus, and the combination of the companies’ global and local strengths will help deliver a richer and more comprehensive experience to customers. We look forward to bringing together the two companies to offer the best of the Cloud computing technology and services.”
“By teaming up with one of the leading global Internet companies, Venture Domain Hosting can leverage UCloud Asia Pte Ltd’s global network and vast resources to enhance its presence and impact a larger audience locally as well as worldwide,” said Ivan Nicholai, CEO of Venture Domain Hosting. “We are pleased to combine our strengths to meet the demands of the marketplace – delivering Managed Services to SMEs in need to outsource their IT operation to focus on their core business activities.”
UCloud Asia Pte Ltd will bring forward more than 40 years in IT Managed Service, helping SMEs to digitalise their business processes. SMEs in Singapore will benefit from the vast experience of UCloud Asia Pte Ltd to help them fully transform digitally.
Under the terms of the agreement, UCloud Asia Pte Ltd will help Venture Domain Hosting expand into IT Managed Services. Also, the management of Venture Domain Hosting remains the same.
Venture Domain Hosting established in the year 2002 serving SMEs in the region. Venture Domain Hosting is among the first in Singapore to bring in sophisticated A.I technology to help SMEs manage their hosting services.
About UCloud Asia Pte Ltd
Ucloud Asia Pte Ltd is an IT Managed Service Provider (MSP) that provides Cloud Managed Service across Asia.
UCloud Asia Pte Ltd headquartered in Singapore. Website: www.ucloud.sg