In a significant move that marks its entry into the North American market, Your.Online, a leading platform of local online service brands, has announced the acquisition of Pair Networks Inc., a well-established web hosting provider based in Pittsburgh, Pennsylvania. This strategic acquisition represents Your.Online’s first venture into the US market, setting the stage for further expansion across North America.
Pair Networks, founded in 1996, is known for offering a comprehensive range of web hosting services, including shared hosting, WordPress hosting, virtual private servers, and customized solutions tailored to the needs of its clients. The company has built a strong reputation for its exceptional technical expertise and outstanding customer support. In an industry increasingly dominated by global giants, both Pair Networks and Your.Online emphasize their commitment to maintaining close relationships with their local customer bases while continuing to provide high-quality, personalized service.
The acquisition comes as Liberated Syndication Inc. (Libsyn), the current owner of Pair Networks, shifts its focus entirely towards its core business of podcasting. Libsyn sought a reliable new home for Pair Networks, and Your.Online emerged as the ideal partner to carry forward the company’s legacy in the US market.
Jordan Petronelis, CEO of Pair Networks, expressed enthusiasm about the partnership, stating, “We are very excited about our partnership with Your.Online and confident that together we can enter our next growth phase in which we unlock new opportunities, drive unparalleled success, and continue to serve our valued customers with excellence.“
Abe Bakker, CEO of Your.Online, highlighted the significance of this acquisition for the company’s international growth strategy. “This is our first acquisition in the United States and marks a very special step in realizing our international ambitions. Our journey, marked by 50 acquisitions across Europe, is a testament to our ambitious vision and robust growth strategy. We are very pleased to welcome Pair Networks into the Your.Online family and are thrilled to be working together with Jordan and the entire Pair team to accelerate the company’s growth trajectory and further build on the esteemed legacy that Pair carries in the US market,” Bakker stated.
The transaction, subject to customary closing conditions, is expected to be finalized by the end of August 2024. This move by Your.Online signals its determination to establish a strong presence in the US, leveraging the experience and reputation of Pair Networks to drive future growth and expansion.
