Miss Group acquires Global Cloud Wholesaler company Ilait
BGF-backed Miss Group has acquired Global Cloud Wholesaler company Ilait, adding 35,000 more customers to the Group.
Founded in 2006 in response to the market’s increasing demand for cloud computing and hosting wholesale, Ilait is a global cloud computing and hosting wholesaler providing white-label services such as email, web hosting, domain registration, dedicated servers, VPS services exclusively to its partners.
With a 30 million SEK turnover and 10 million SEK EBITDA, Ilait is a strong brand within the European market.
Founded by serial entrepreneur Mattias Kaneteg, Miss Group provides a range of services predominately to SMEs, including domain registration, site building, website hosting and email management.
Mattias Kaneteg CEO and founder of Miss Group said: “We are very pleased to welcome Ilait to the Miss Group family. We have ambitious plans for growth and with 35,000 more customers, Ilait is a perfect match for Miss Group. We believe there’s still significant growth potential to expand into new markets.”
Michael Abrahamsson CEO and founder of Ilait said: “Ilait has in recent years experienced exceptional growth and is currently a preferred choice for IT consultancy firms, managed service provider as well as telcos and operators. Being part of Miss Group now enables ilait to grow faster and raise the ambitions while maintaining a market-leading offering across the service portfolio.”
In August 2018, Miss Group received a £6.4m investment from BGF and in June 2019 another £13m investment to accelerate its international expansion strategy. BGF is the UK and Ireland’s most active investor, The funding has allowed the business to build further scale through driving organic growth and acquiring web hosting companies in new and existing markets. Prior to BGF investment Miss Group have received funding from Harbert European Growth Capital.
About Ilait:
Ilait is a global cloud computing and hosting wholesaler providing services exclusively to partners. Ilait was founded in 2006 in response to the market’s increasing demand for cloud computing and hosting wholesale. After years of experience from the IT consulting business and the web hosting industry, Ilait wanted to take cloud computing and hosting to the next level.
About Miss Group:
Founded in 2014, Miss Group is an International Web Hosting Group that offers a range of Hosting related services at favorable prices such as Web Hosting, Domain Registration, VPS, Dedicated Servers, Sitebuilder, SSL-Certificate, SEO Tools, Web Security and Domain Management. Miss Hosting is also an ICANN-accredited Domain Name registrar via NameISP. The company is headquartered in Manchester, UK.
About BGF:
- BGF was set up in 2011 and has invested more than £1.9bn in over 275 companies, making it the most active investor in the UK and globally by number of transactions.
- BGF has £2.5bn to invest in UK SMEs and in Ireland, and an additional €250m to support Irish businesses. Earlier this year, Canada launched its equivalent – the Canadian Business Growth Fund – based on BGF’s funding model, and Australia is now actively exploring the approach as well.
- BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs.
Social media: @BGFinvestments
Founded in 2014, Miss Group is an International Web Hosting Group that offers a range of Hosting related services at favorable prices such as Web Hosting, Domain Registration, VPS, Dedicated Servers, Sitebuilder, SSL-Certificate, SEO Tools, Web Security and Domain Management. Miss Hosting is also an ICANN-accredited Domain Name registrar via NameISP. The company is headquartered in Manchester, UK.
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