SuperHosting, a market leader in Bulgaria, joins team.blue
team.blue is expanding its European footprint to the CEE region with the acquisition of SuperHosting, a market leader in Bulgaria. It specializes in professional web hosting, domains and VPS services. It will now join team.blue and become part of the growing group of European digital enablers for companies and entrepreneurs.
SuperHosting started its successful journey in 2005. It grew strongly in the last few years, mainly organically but also through M&A. In 2017 it acquired Host.bg, another popular web hoster in Bulgaria. The SuperHosting HQ is based in Sofia, Bulgaria, and the company recently launched a second office in Serbia to start its geographical expansion in the region.
The vision of SuperHosting has always been to create and provide robust and straightforward products for their growing customer base, topped off with excellent customer experience. It is recognized in the industry for this, and their high customer satisfaction rate speaks volumes. Therefore, it is an ideal fit with team.blue.
Part of the joint strategy will be to use the SuperHosting platform to further strengthen team.blue's position in the CEE region. Founders Lyubomir Rusanov and Metodi Drenosvki will stay on board and will continue to lead the company and execute that vision.
It was very important for us to find a partner with the same entrepreneurial mindset as SuperHosting. I'm glad we found such partner in team.blue, which is still founder led today. Therefore we are very excited to keep growing our business, now supported by the team.blue group. Trust and transparency is the foundation of a great partnership. We always felt a lot of respect from Jonas and his team, both the past few years as well as during the deal process, which resulted in this partnership. We are now ready to continue our growth story!
I've known Lyubomir and Metodi for many years and have always admired and respected their track record in Bulgaria. We have a shared vision and passion for serving our customers with innovative solutions. Our professional relationship has grown throughout the years, and I am very excited that this has ultimately led to SuperHosting joining team.blue. We will now fully support them as they continue to execute their growth plan in the CEE region.
The Sellers have been advised by the M&A and Corporate Finance Advisors "CIRCLE CAPITAL" and by the legal advisers "Vladimirov Kiskinov – Attorneys-at-law”. No further financial details about this transaction will be made available.
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