Australian domain registrar and domain services company, Melbourne IT, has entered into an agreement to acquire Uber Global Group.
Despite a name similarity, Uber Global is unrelated to the US-based car maker; the acquisition will complete in April, for the sum of $12 million USD ($15.5 million AUS).
Uber Global, operating from Uber.com.au, asserts to be Australia’s third-largest cloud services provider by market share, with services delivered to more than 110,000 customers.
Simon Jones, chairman of Melbourne IT, said that the company’s board sees the proposed acquisition as a major opportunity to increase scalability and to strengthen its core business of domain registration and web hosting.
For detailed coverage about the acquisition of the Uber Global Group by Melbourne IT, click here.
