Cloud Equity Group, an investment management company focused on opportunistic acquisitions of web service providers, has acquired Just199 Hosting, a budget web hosting provider based in South Carolina.
Just199 Hosting, which operates under Just199.com, was founded in 2006 by Dave Wykofka with the goal of providing easy-to-use budget hosting services for the masses. Over time, the company diversified its product offerings to include shared hosting, reseller hosting, virtual private servers, paid forum hosting, and remote support.
Cloud Equity Group will integrate Just199 Hosting into its consolidated portfolio to deliver a premium budget hosting service to both novice and advanced website owners worldwide.
Sean Frank, managing partner at Cloud Equity Group, says: “This acquisition aligns with our focus of providing robust hosting solutions geared to help both individuals and small businesses develop an online presence.
"As we got to know Dave and his team, we became impressed with the platform and quality of product they developed with minimal capital input. Just199 offers a more affordable hosting solution than the majority of hosting providers in the industry while fully facilitating individuals and small businesses in creating a unique online presence. We plan to open new opportunities and enhance Just199 Hosting’s digital footprint by leveraging Cloud Equity Group’s existing infrastructure as well as taking their feature-rich hosting services and providing them to the masses. We're excited and eager to get started.”
