IBEE Hosting will receive funding of 1 million dollars from investors XBT Holding to be spent across 3 years. The company will be spending these funds primarily for the development of their products and services and then for marketing activities.
IBEE Hosting is a provider of enterprise dedicated hosting solution for SMBs and startups in India. The company was incorporated in 2006 with the vision to enable the SMBs and startups to leverage Internet as platforms and offer their services to customers across the globe.
XBT Holding S.A. is a privately-owned global hosting, network solutions and web development provider founded in 2005, with offices in eight countries.
With experience of 10 years in web hosting, IBEE Hosting has a client base of around 200 across India. The company serves businesses in various industry sectors like web design and development, media and entertainment, software development, ERP, ecommerce, system integrators and gaming.
While offering fully managed dedicated servers starting at 5000 rupees, besides its SMB clients, the company counts clients like AndhraJyothy, The Sandesh Digital Private Limited, Apollo Hospitals, SVG Media, ShopPirate, GrockerKart, Rummy People and many more.
Around 300 servers are live in the Indian Tier IV data center gaining a market share of around 1% in the Indian web hosting industry.
IBEE Hosting is projecting revenue of rupees 50 million in the financial year 2016-2017.
Previous to this one million dollars (approximately rupees 66 crore) IBEE Hosting also was injected with rupees 40 million from its parent company XBT Holdings.
In recent time they have been working on the resellers and affiliates programs to expand presence and increase sales across India.
Under its managing director, Bertrand Yelland’s guidance IBEE hopes to become a leading and premium web hosting provider in India by providing the solution based hosting products to the companies along with various other products offering like SSL certificates, DNS hosting, firewalls and load balancers, intelligent hosting and more.
BW Reporters
Regina is a reporter for BW Businessworld. In her previous assignments, she has worked with Independent television Network as a news anchor and reporter in Sri Lanka