Internet firm Dediserve on cloud nine after deal
A Belfast web company is |predicting sky-high profits |following a cross-border merger with a cloud computing company.
Cloud computing is a service which allows a business to access its data and software over the internet, hosted by a third party.
Dediserve, who operate from Dublin, acquired Belfast-based AventureHost as part of its strategy to strengthen its position in the UK cloud-computing market.
The deal is expected to bring Dediserve’s annual revenue to €1m by 2011.
The four existing jobs at AventureHost have been secured.
There are also plans to expand the Belfast office which could create 10 jobs in the next 12 months.
Dediserve is the second-largest web-hosting company in Ireland, and its managing director said he was pleased to have gained an “instant physical presence in Northern Ireland”.
Aidan McCarron said: “It will deliver economies of scale as AventureHost’s infrastructure and customers are migrated over to Dediserve’s cloud platform.
“The acquisition provides the legal, financial and technical support frameworks that are needed to expand into the UK.
It means we can make subsequent UK acquisitions and quite rapidly integrate those customers within our cloud platform without having to reinvent the wheel.”
The Belfast company has been operating for seven years and existing customers range from |private individuals to large UK banks.
The founder and managing director of AventureHost, Richard Kennedy, is staying on as group chief technology officer.