December 8, 2006 – (HOSTSEARCH.COM) – Web hosting provider Aplus.Net (http://aplus.net) has been acquired by Catalyst investors, it was announced this week. “Industry veteran” Gabriel Murphy has been made Chief Executive Officer of the organization and will “co-invest” alongside Catalyst. Terms of the acquisition were not disclosed.
Aplus.Net provides a range of hosting and related solutions including domain name registration services, dedicated server hosting, web design and web marketing services. The company caters to approximately 90,000 customers, mainly small- and medium-sized businesses. Founders Ivan and Lilian Vachovsky “retain an ownership stake”.
"Catalyst considers web hosting a highly profitable business with strong organic growth. We have been working with Gabriel for several years. He brings the right combination of both sales and systems expertise to drive profitable growth at internet-based companies such as Aplus.Net. With a strong culture of profit-minded sales growth and customer care, Aplus.Net is an excellent platform for building what we believe will be the leading company in the hosting industry," explained Tyler Newton, Principal at Catalyst.
The San Diego, California, based web host has over 300 employees and operations in San Diego, Sacramento, Phoenix, Sofia (Bulgaria) and Manila (Philippines).
Mr. Murphy added, "Aplus.net is a rapidly growing, highly profitable web presence firm. The company has a very effective sales model along with a high level of automation and very strong product set. We look forward to continuing the growth trajectory of the business and introducing additional products and services to our SMB customer base."
