SingleHop Financing
Valuation of Public Hosting Companies - March 16, 2012
The WHIR - Derek Vaughan on "Web Hosting Still Growing"
Hillary Stiff has some comments in Derek Vaughan's recent WHIR column on Web Hosting & HostingCon 2011.
SingleHop - #25 on Inc Magazine's List of the Fastest Growing Companies
Congratulations to the guys at SingleHop for making #25 on Inc Magazine's list of the fastest growing companies in America. Their profile is here and there is a nice article on how they got started here.
HostingCon 2011 - How the Big Buyers Look At Acquisitions
This turned out to be a great panel with Hillary Stiff (Managing Director of Cheval Capital), Ditlev Bredahl (CEO of OnApp), Joe Bardenheier (SVP of Endurance), Mike Jones (CFO of Softlayer), and Sumeet Sabharwal (SVP of Navisite.) There were no slides but David Snead posted a description of the panel with some of its key thoughts on his WHIR blog. If you aren't aware of David Snead, he is a well regarded, Washington D.C. attorney that works exclusively with companies that provide the infrastructure supporting the internet and those who create and distribute products and services electronically. His website is here.
Hillary Stiff & Frank Stiff
HostingCon 2011 - Cheval Capital's Web Hosting M&A Market Overview
HostingCon 2011 - Why Your Business May Be Worth More (or Less) To You Than A Buyer
Comment on Public Hoster Valuations
Just a brief comment on the valuations of public hosting companies that I posted a few minutes ago. If you look back at the valuations over the last year, you'll see that while the companies generally have had good revenue growth, their valuation multiples (vs EBITDA) have seemed to expand at a faster rate.
HostingCon 2011 Discount Code
For those of you attending HostingCon 2011 feel free to use the discount code CHEVALCAPITAL2011 for a slight reduction in registration costs.
Frank
Hillary Stiff Speaking At HostingCon 2011
Hillary will be speaking at HostingCon 2011 (www.hostingcon.com) in San Diego.
Her panel, "How the Big Buyers Look At Acquisitions", is on Tuesday, August 9th at 3pm.
This is a unique panel comprised of some of the top hosters talking frankly about how they look at acquisitions. The panelists take a down to earth look at many parts of the acquisition process including how they determine value, what risk means to the purchase price, features that can add or reduce the price, and practical, real world advice for sellers and other prospective buyers. Panelists currently include Lance Crosby of SoftLayer, Joe Bardenheier of Endurance International, Ditlev Brehdahl of OnApp/UK2, Hillary Stiff of Cheval Capital and more!
WHIR Magazine - Better Bookeeping
Check out Hillary's comments in WHIR Magazine's March issue for an article on the accounting issues and hurdles that hosters face when selling their business, seeking financing or finding an investor (pages 34 - 36.) It is a good background article and if you have any questions or would like to talk more about it please give Hillary or Frank a call.
Valuation of Public Hosting Companies - February 16, 2011
Summarized below are estimates of the relative valuations of some public companies that have significant hosting operations. Please be aware that a number of these companies have significant other businesses that may also affect the valuations. (All data was taken from publicly available financial statements and please see this post for how we calculate Enterprise Value - "EntValue".)
Parallels Conference - February 23rd & 24th
SingleHop CEO Named to Chicago Top 40 Under 40 List
Congratulations to Zak Boca, CEO of SingleHop Inc., on being named to Crain's Chicago Business Top 40 Under 40 List. The list and interview with Zak can be found here. The writeup at the WHIR is pretty good as well.