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Sunday, June 05, 2005

MCGOOHQ Pty Ltd acquires Aussie Hosts

MCGOOHQ Pty Ltd (mcgoohq.com.au ) has announced today that it has acquired Aussie Hosts (aussiehosts.com ), furthering strengthening their position as one of Australia's leading web hosts.

Planning and negotiations began earlier this year, towards a friendly merger that is in the best interests of both businesses. "The resulting economies of scale will enable the amalgamated enterprise to remain competitive and stay abreast of new technology." said Michael McGoogan, Managing Director of MCGOOHQ. MCGOOHQ paid an undisclosed six-figure sum for ownership of the Aussie Hosts, and the acquisition also includes the US based sister entity EnhancedHost.com.

"It has been an interesting, fulfilling and personally rewarding journey for both Marita and myself, and we look forward to seeing Aussie Hosts continue to go from strength to strength under the control of MCGOOHQ." said Gary Meadows, the previous owner of Aussie Hosts

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