Cloud Equity Group Acquires Budget Web Hosting Company – 11/13/2014

Cloud Equity Group, an investment management company focused on opportunistic acquisitions of web service providers, today announced the acquisition of Just199 Hosting, a leading budget web hosting provider based out of South Carolina.

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Cloud Equity Group will integrate Just199 Hosting into its consolidated portfolio to deliver a premium budget hosting service to both novice and advanced website owners worldwide. According to Sean Frank, Managing Partner at Cloud Equity Group, “This acquisition aligns with our focus of providing robust hosting solutions geared to help both individuals and small businesses develop an online presence.”

About Cloud Equity Group

Cloud Equity Group is a Wall Street based private equity and mezzanine debt firm strategically positioned to capitalize on the rapidly expanding industries of web hosting and cloud-based infrastructure. CEG’s primary focus is levering investor capital in the acquisition of private lower middle market companies that possess high levels of unlevered free cash flow and/or significant opportunity for exponential growth.

About Just199 Hosting

Just199 Hosting is a part of South Carolina-based HOSTED HERE LLC, a privately held profitable group of companies. Founded on the idea of exceptional customer service and support, Hosted Here’s objective is to provide a Tier-1 web hosting solution for small-medium scale businesses and individuals at about 15% of the contemporary prices.