I am on my way back from WorldHostingDays that just took place in Germany. The event is well run with over a hundred exhibitors and, as per the organizers, attended by nearly 4,000 professionals. Mark Johnson, our director, and I were there as we at Corum anticipate an upcoming round of consolidation in the Hosting and Cloud services market. We were meeting the entrepreneurs building the cloud infrastructure of tomorrow, and are excited about the opportunity to serve this market segment. Hosting companies are valued well, and private equity firms such as Oakley Capital are investing heavily in the segment as evidenced by their recent acquisition of a 51% stake in Intergenia, a globally operating Germany-based provider of hosting services.
We are co-sponsoring a World Financial Symposium Spotlight on M&A in the Hosting and Cloud segment. The webinar is taking place on Thursday, April 26 at 10:00am CET (9:00am UK). Join us to hear more about the trends in Tech M&A and specifically in the Cloud market.