One key strategy for larger web hosting companies is to acquire various hosting related properties to expand their portfolio, customer base, and market reach.
In the case of M247, the acquisition of Axamba brings along its IT consultancy service and web hosting services. Established in 1999, Axamba also owned web hosting and broadband provider Web Tapestry brand.
The acquisition followed protracted negotiations that centered around ensuring that existing Axamba customers would be satisfied and would experience little or no change in billing or technical support.
“This acquisition is a very positive step for both companies,” said David Buckle, M247 managing director. “M247 is expanding all the time, especially in our business offerings and Axamba, combined with Web Tapestry fits well into our future plans.”
Ian Harris, former owner of Axamba, and his staff now operate from the offices of M247. Harris’ technical support team are still dealing with customers as usual, but are now significantly reinforced by the rest of the M247 support team.
The additional funding and security will also ensure that customers will receive an improved level of service.
M247 was ranked in 2010 as the fourth fastest growing technology company in the North of England by Deloitte.
The company has acquired a number of similar companies in the past and currently operates a range of divisions that provide web hosting, connectivity, data security and server colocation.
M247 is currently undergoing a rebranding process where these divisions will each eventually be brought under the M247 banner and offered as a concise suite of products to meet the needs of business ranging from large enterprises, the public sector, and SMBs.
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