Miss Group acquires leading hybrid cloud provider Ballou
High growth web hosting company Miss Group has acquired Ballou, a Swedish hybrid cloud and shared web hosting provider, in a transaction adding 13,000 new accounts to the business.
The acquisition takes BGF-backed Miss Group to 193,000 global accounts and reinforces underlines a continuation of the high growth strategy pursued since the company’s inception in 2014.
Ballou is a well-known hosting brand that specializes in cloud and hosting operations. Since launching 22 years ago, the business has grown significantly and now has an annual turnover of around €2.5 million. Its aim is to provide customers with simple IT solutions, professional advice and accessible, safe and secure IT operations in Swedish data centers.
Mattias Kaneteg, CEO and founder of Miss Group, said: “We are very excited to welcome Ballou to the Miss Group family. With an impressive 22 years in the Web Hosting and Cloud business, well-established Ballou is a perfect fit for the group in our path to further our growth strategy.”
Christer Jacobsson, CEO of Adeptio AB and formerly owner of Ballou, added: “We have worked with Ballou for many years now and have built up a lasting relationship. We have always seen the potential in the hosting market and this transaction will enable the business to expand to grow further and internationally rapidly. As part of Miss Group, Ballou is now in a strong position to become a leading provider of Hybrid Cloud hosting in the Nordic market.”
In August 2018, Miss Group received a £6.4m investment backed by BGF, and in June 2019 a further £13m investment from the UK and Ireland’s most active investor which helped pave the way for the business’s international expansion.
The funding has allowed the business to build further expand via organic growth and by acquiring web hosting companies in new and existing markets. Miss Group has also received £20m funding from HSBC and prior to that, funding from Harbert European Growth Capital.
Ballou delivers IT operations & hosting in different forms under one roof. Everything from specially designed critical operating solutions, cloud operations to packaged web hosting services. The company was founded in 1997 and has offices in Karlskrona and Malmö. The operations center is locally located in Karlskrona with the latest technology and infrastructure for customer’s needs.