Singapore cloud startup Vodien has merged with Australian online solutions provider Dreamscape Networks to support an expansion in Asia-Pacific.
The S$30 million ($21.9 million) merger is the largest deal size for a pure-play hosting provider in Southeast Asia. The companies aim to join forces to create an Asia-Pacific powerhouse in the online solutions space.
"The merger means great synergies, and combining of talent and resources of the two companies," said Alvin Poh, CEO of Vodien.
"Our customers can expect to see even more improvements - even better support response times, higher hosting performance, more robust security, and much more to come. John and myself are looking forward to join the senior management team of Dreamscape, and to further drive our growth in Asia under the Vodien brand.”
Vodien, as a division of Dreamscape Networks, will be poised to grow both organically and through M&As with other web hosting providers in SEA countries, including countries such as Indonesia, Philippines, Thailand, and Malaysia.