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Hosting365 Announces Sale of Register365 to Namesco



28th May 2008 - Hosting365 has announced the sale of Register365, its
shared hosting and domain registration division, to Namesco, the
fourth largest domain name and hosting provider in the United Kingdom
and one the top 50 largest hosting providers in the world, for an
undisclosed sum. With 35% market share, the purchase of Register365,
Ireland's largest hosting provider, is a strategic purchase as part of
Namesco's overall expansion plan.



Namesco, established in 1996, has an enviable reputation in the United
Kingdom for providing a wide range of quality Internet Service
products backed by expert in-house customer care and support.



Kevin Savage, Namesco's Managing Director, said, "We are delighted to
acquire Ireland's largest hosting provider. Namesco's purchase of
Register365 is part of our expansion plan and further consolidates our
position as one of the leading shared hosting providers in the world.
We look forward to continuing to provide the high level of services
Register365's customers are accustomed to."



Commenting on the sale, Stephen McCarron, Managing Director,
Hosting365, said, "The sale of Register365 is a major milestone in the
history of Hosting365 as it marks the complete evolution of our
business. Two years ago we took the strategic decision to acquire our
own Data Centre facility and focus the company on Hosted Managed
Services for the enterprise market. Since that period Hosting365 has
experienced huge growth in this sector which now accounts for over two
thirds of our turnover. This was recently acknowledged when we were
named the seventh fastest growing technology company in Ireland as
part of the Deloitte Fast 50. We plan to invest all proceeds from the
sale into growing our team, expanding our infrastructure and
developing new products and services on our cloud computing platform,"



"We have taken the decision to sell Register365 in order to focus on
our managed services offering and to continue our growth in Ireland
and internationally. This was a very personal decision for me to make
as Register365 was once the core of the business I founded in 2001.
We decided to sell Register365 to Namesco as they fundamentally
matched our company values and have an excellent reputation for
customer service. For example, they were recently named as the best
shared hosting provider of 2008 at the Internet Service Providers'
Association (ISPA) Awards in the UK," McCarron added.



None of Register365's customers will be affected by the sale as
Register365's services will continue to be delivered in Ireland. The
sale of Register365 is the latest milestone in Hosting365's expansion
strategy. The company recently announced a €2 million investment in
new infrastructure and the creation of 20 jobs. Hosting365 also plans
to hire an additional 14 staff in its Dublin and Polish offices by the
end of the year.