Daily Internet Purchases Namehog27 Jan 2014
Manchester law firm, Kuits Solicitors has advised AIM listed internet hosting and cloud infrastructure provider, Daily Internet plc on the acquisition of NameHog Limited and a subscription to raise £625,000 with existing institutional and other investors. The Chairman of Daily Internet plc is Michael Edelson.
NameHog, which has delivered consistent revenue growth, is an established UK internet hosting provider supplying domain name registration, shared web hosting and dedicated server products to a diverse range of over 5,000 SME customers. Following the acquisition, NameHog will be relocated to Daily Internet’s office, and NameHog’s customers will be integrated into Daily Internet’s billing and provisioning platforms, producing cost-savings.
Abby Hardoon, Managing Director of Daily Internet plc commented: “This acquisition is in line with our buy and build strategy and immediately adds revenue, expands our client base and product and service portfolio, whilst providing numerous cross-selling opportunities.”
The team from Kuits Solicitors included Corporate Partner Kirsti Pinnell and Solicitor James Skivington. Kirsti commented: “We are delighted to continue to advise Daily Internet plc on their growth strategy.”
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