Penang-based Exabytes acquires Indonesia-based PT Master Web Network (“MWN”) and its fully-owned subsidiaries – PT Cyberdata Technology and PT Registrasi Nama Domain.
Financial terms of the acquisition were not disclosed. The acquisition was done through an Exabytes’ special purpose vehicle (SPV) company called Masterweb International Pte. Ltd.
MWN is the second company owned by Exabytes in Indonesia after it formed PT Exabytes Network Indonesia in 2017. Exabytes now emerges as the largest web hosting provider in Indonesia with over 40,000 active paying clients.
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.
Chan Kee Siak, Founder and Chief Executive Officer of Exabytes Capital Group said, “Exabytes helps small- and medium-sized enterprises (SMEs) grow their business online. We’ve been doing this in Indonesia since we set foot in 2017 by offering premium hosting and cloud services. 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.”
Exabytes 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.
Dhiar Lukito Adhi, Founder of PT Master Web Network commented, “This acquisition is of great importance to us. We’ve been impressed with Exabytes’ approach in helping SMEs grow their business online. Its wealth of expertise and valuable resources will be key to our business as we continue to work on capturing a larger customer base of local entrepreneurs 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.
“2019 is going well for Exabytes. As part of our growth strategy, we are keeping a close check on the emergence of the digital economy within Southeast Asia, to discover new potential expansions,” Chan concluded.