Hostopia (TSX: H) has entered into an agreement to be acquired by Deluxe Corporation (NYSE: DLX) for $124M. Hostopia, with operations in Toronto ON, Miramichi NB, and Ft. Lauderdale FL is in the business of providing private label web, email, and application hosting. Customers include ISPs, telcos, cablecos, and domain registrars. Hostopia had received venture funding from Telus Ventures.
Hat tip to Chris Pyper, Cofounder and Developer of MyWebVine.
Some background on why Hostopia decided to go public on the TSX: http://tinyurl.com/5wbvbz
Some background on why Hostopia decided to go public on the TSX: http://tinyurl.com/5wbvbz
[…] in the past (they had previously founded Tucows and Look Communications). Just a few months ago Hostopia was acquired for $124 million, not too shabby for a Canadian tech startup. There is undoubtedly something to learn from a team […]
[…] in the past (they had previously founded Tucows and Look Communications). Just a few months ago Hostopia was acquired for $124 million, not too shabby for a Canadian tech startup. There is undoubtedly something to learn from a team […]
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