South Africa-based digital infrastructure firm, Host Africa is looking for regulatory approval to accumulate Nigeria’s GO54, previously referred to as WhoGoHost at an undisclosed quantity.
The transaction entails the acquisition of mental property, goodwill, tools, furnishings, fittings, contracts, domains, and different property important to GO54 Restricted’s enterprise operations.
These property will allow Host Africa to ship webhosting, cloud providers, and area registration options throughout Nigeria.
Particulars of the transaction
The transaction, formalized by a Sale of Asset Settlement, entails the switch of all recognized sale property from GO54 Restricted to Host Africa.
- GO54 Restricted, a Nigerian-incorporated entity, has established itself throughout the webhosting and area registration business.
- To facilitate its operation in Nigeria, Host Africa is buying GO54 by a Nigerian subsidiary registered in October 2024, Host Africa Nigeria Restricted, in accordance with knowledge obtained from the Company Affairs Fee (CAC).
- The transaction represents a strategic transfer for Host Africa, marking its entry into the rising Nigerian marketplace for digital providers.
Rational for the transaction
Within the regulatory submitting seen by Nairametrics, Host Africa famous that GO54 Restricted’s constant income progress, coupled with its diversified customer base and increasing product portfolio, gives predictable money flows and sustainable progress potential.
The Acquirer can also be trying to make the most of the Sale Property into creating an reasonably priced and accessible one-stop store for the digital wants of Nigerians throughout retail, enterprise, and company verticals.
The deal has additionally acquired the backing of the Federal Aggressive and Client Safety Fee (FCCPC), which describes it as a optimistic improvement for Nigerian customers.
“The Acquirers funding is helpful as it’s going to harness and develop Nigerian expertise expertise while accelerating on-line adoption and digital entry for Nigerians.
“The acquisition marks the Acquirers strategic entry into the Webhosting and Area Registration service business in Nigeria and aligns with its general shopper technique in Nigeria,” the FCCPC acknowledged.
From WhoGoHost to Host Africa
The deliberate acquisition of GO54 comes about 10 months after the corporate rebranded from WhoGoHost, the title by which it was recognized since 2006 when it was based by Opeyemi Awoyemi.
- As of March 2024, when it introduced the rebranding, the corporate prides itself as the most important hosting firm in Nigeria with over 13,000 internet hosting accounts and greater than 25,000 energetic domains.
- Explaining the brand new model title, the corporate stated GO54 leverages the ‘GO’ in its former title Whogohost, the driving drive as companies go surfing, with ‘54’ highlighting its near-term ambitions to broaden throughout the continent.
“We’re not simply altering our title. We’re enabling on-line presence in a simple, easy, and reasonably priced manner and redefining what it means to succeed on-line,” stated the corporate’s CEO, Toluwani Adejuyigbe, in March.
- In the meantime, prior to now, GO54 had additionally made some strategic acquisitions to broaden its enterprise in Nigeria.
- The corporate made its first acquisition with iHost Africa in 2016. It was additionally reported that the corporate acquired TheExpertHost, one other Nigerian internet hosting firm based in Could 2008 by Dennis Isong in the identical 12 months (2016).
- In September 2023, it additionally acquired Sendchamp.
What you need to know
Impressed by Cape City’s magnificence in South Africa Host Africa’s Founder, Michael Osterloh, introduced his experience from Germany to assist Africans get on-line.
Beforehand, Michael Osterloh was Managing Director of “Deutsche Börse Cloud Alternate AG”—one of many largest suppliers of digital servers in Germany. Marcel Chorengel not solely based it but in addition developed the primary totally automated hosting software program—Confixx.
Host Africa is now a longtime Internet hosting enterprise main in Cloud Server options in South Africa.
The corporate has additionally had various acquisitions throughout Africa because it seeks to unfold its tentacles within the continent and GO54 will not be the primary Nigerian firm to be acquired by Host Africa.
- On 31 August 2021, Host Africa acquired DomainKing, one of many largest Nigerian shared hosting firms.
- On 21 June 2024, it additionally acquired Nigerian internet hosting firm Naijawebhost.
- On 1 December 2023, Host Africa (Pty) Ltd acquired Kenyan internet hosting firm Sasahost.
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