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Cloud Equity Group Expands ComfortHost Footprint with Acquisition of Adantagecom Networks
Tuesday 15 September 2020

New York-based private equity investment manager Cloud Equity Group and its portfolio company ComfortHost have acquired the assets of Washington-based cloud and webhosting services provider Adantagecom Networks Inc. to expand ComfortHost's global hosting footprint, the company said.

Terms of the transaction were not disclosed.

The acquisition of Advantagecom is consistent with ComfortHost's strategy of providing a diversified hosting service offering across multiple geographical locations worldwide.

With datacentres located across the United States, the United Kingdom, and the European Union, the Advantagecom acquisition will expand ComfortHost's global footprint into the Northwest region of the United States.

This acquisition also adds new technology, such as hardware-based virtualised cloud infrastructure, to ComfortHost's existing service offerings.

Advantagecom Networks provides web hosting, virtualisation, dedicated servers, and colocation with integrity.

Cloud Equity Group is an investment management firm capitalising on the rapidly expanding industries of web hosting and cloud-based infrastructure.
Date Published: 15/09/2020