Hostinet, a prominent Spanish web hosting company, joins Axarnet Group, enhancing its competitive positioning in the country's rapidly evolving web hosting market.
Target Company Overview
Hostinet S.L.U. ("Hostinet"), founded in 2003 and headquartered in Bilbao, Spain, has established a strong reputation for its domain and web hosting services. The company, recognized for delivering high-quality hosting solutions and round-the-clock technical support via email and telephone, serves a substantial customer base throughout the Basque region and the broader Spanish market. The founders, Tomas Alaman and Jose Antonio Paunero, acknowledged the necessity of joining a larger entity to bolster competitiveness in the evolving hosting landscape.
Through the strategic partnership with Axarnet Group S.L. ("Axarnet"), Hostinet aims to uphold its esteemed quality and support standards while expanding its product offerings. This merger signifies a commitment to enhancing performance and providing a broader range of services to its customers.
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Industry Overview in Spain
The web hosting industry in Spain has witnessed significant growth driven by increasing digitalization among businesses and individuals. A burgeoning number of startups and SMEs are seeking reliable online presence solutions,
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Axarnet Group S.L.
invested in
Hostinet S.L.U.
in 2021
in a Other deal