Fast-growth web hosting business Miss Group acquired Interneto vizija (IV), headquartered in Vilnius in Lithuania including its subsidiary company UAB “Rakrėjus”. UAB IV which was founded in 2003 is a web hosting business with 170,000 registered domains accounting for 60 percent of all registered domains in Lithuania.
Expansion across the Baltic region
IV provides services including website development, e-mail, domain names, VPS servers and SSL certificates. With the combined web hosting and data center businesses, IV is estimated to reach 11.5 million Euro in revenue with FY2020.
Mattias Kaneteg, Miss Group founder and CEO, said,
“This transaction provides a great platform for expansion across the Baltic region. IV is an excellent business and we are looking forward to growing both the shared web hosting and data center divisions and delivering new value-added solutions to our customer base in Lithuania. I am delighted to be welcoming IV to the Miss Group family and we look forward to working with our new colleagues to develop and grow the business.”