Hostworks has been an industry pioneer, and is one of the largest full-service web hosting companies in the region. Its customer base includes NineMSN, ABC, SBS, News Ltd, Optus, and AAMI.
More than 15 per cent of all page views each month by Australia’s 10 million internet users are hosted by Hostworks.
Hostworks’ board of directors unanimously recommended that shareholders accept the Broadcast Australia offer. Major Hostworks shareholders including managing director Marty Gauvin and non-executive director Stephen Chapman granted Broadcast Australia an option over a 19 per cent parcel of Hostworks shares.
In the eight years since foundation, Hostworks has become recognized as Australia’s leading provider of managed services for on-line media and entertainment companies and management and hosting services for a broad range of critical applications.
“Broadcast Australia’s proposal represents an excellent outcome for our shareholders as well as providing significant benefits for customers and employees,” Mr Gauvin said in a statement.
Broadcast Australia is a wholly-owned subsidiary of the ASX-listed Macquarie Communications Infrastructure Group.
“We are pleased to have entered into an agreement to acquire Hostworks, which enhances Broadcast Australia’s core business of being a trusted provider connecting content owners to customers across multiple platforms,” said Broadcast Australia managing director, Graeme Barclay.
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