South Africa-based digital infrastructure firm, Host Africa is searching for regulatory approval to amass Nigeria’s GO54, previously often called WhoGoHost at an undisclosed quantity.
The transaction entails the acquisition of mental property, goodwill, gear, 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 inside the webhosting and area registration trade.
- 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 information 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, presents predictable money flows and sustainable progress potential.
The Acquirer can be seeking 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 obtained the backing of the Federal Aggressive and Shopper Safety Fee (FCCPC), which describes it as a optimistic growth for Nigerian shoppers.
“The Acquirers funding is useful as it would harness and develop Nigerian know-how 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 trade in Nigeria and aligns with its general client technique in Nigeria,” the FCCPC said.
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 biggest website hosting firm in Nigeria with over 70,000 internet hosting accounts and greater than 130,000 lively domains.
- Explaining the brand new model title, the corporate mentioned GO54 leverages the ‘GO’ in its former title Whogohost, the driving power as companies go surfing, with ‘54’ highlighting its near-term ambitions to broaden throughout the continent.
“We aren’t simply altering our title. We’re enabling on-line presence in a simple, easy, and reasonably priced means and redefining what it means to succeed on-line,” mentioned 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 Might 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 additionally developed the primary absolutely automated website 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 quite a few acquisitions throughout Africa because it seeks to unfold its tentacles within the continent and GO54 shouldn’t 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 website 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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