HostDime announced today it has entered the Colombian hosting market with its acquisition of GrupoDW, an Internet services firm in South America. HostDime has rolled the operational assets of GrupoDW into a new, wholly owned subsidiary, HostDime Colombia.
Included in the acquisition of GrupoDW is the entirety of the company’s operational assets, including all clients, employees, creative materials, leases, and a variety of network and server hardware. With GrupoDW, HostDime now boasts an international workforce of more than 100, with 25% being multi-lingual.
The Colombian market presents a unique growth opportunity for HostDime. With only 14 million Internet users as of March, 2008, only about 30% of Colombia’s population is online—leaving a large, untapped market space available for HostDime’s expansion.
HostDime will finance today’s acquisition entirely through operational revenue. The company hopes to meet ambitious growth objectives by specializing its international operations on the local community, and creating dynamic service offerings that best meet the needs of local businesses and individuals. This includes accepting payments in the local currency and offering customer support from representatives native to the region.
“Our international expansions continue to make HostDime a stronger, more agile and ultimately more profitable company, and we will work to build the scope and scale of these operations. Entering the Colombian market allows us to fulfill a variety of strategic goals, including the addition of skilled bilingual employees and a practical springboard for future growth in Latin America,” said Emmanuel Vivar, HostDime CEO. “Doing business in foreign countries is never ‘plug and play,’ but we have studied the market and moved carefully to ensure we grow intelligently.”
“We are excited to have the opportunity to leverage HostDime’s infrastructure and capital to allow us to accelerate our growth in Colombia. With this acquisition, we are able to retain our status as a market leader in Colombia, in terms of price and quality of services,” said Edwin T., founder of GrupoDW. Edwin will continue to direct operations in Colombia.
HostDime maintains existing international offices in Guadalajara, Mexico (HostDime Mexico), Haifa, Isreal (HostDime Israel), and Joao Pessoa, Brazil (HostDime Brazil). Its headquarters are in Orlando, Fla., United States of America.