Wyith announces acquisition of DomainOrbital.com,
a leading Belgium-based domain registration, web hosting and design company
Gent, Belgium - Feb 7, 2002 - Wyith acquires DomainOrbital.com, a leading
Belgian domain registration, web host and design company. DomainOrbital was
previously a partner of Wyith Incorporated.
The all-shares transaction is the first Europe-focused acquisition by Wyith. It
reinforces Wyith's leading position in Europe as an e-business strategies and
solutions provider and helps extend its growing community practice.
"DomainOrbital was outstanding in Belgium's web solutions market, having
started its business in early 2000 with a business model similar to Wyith's
DomainAvenue.com," said Dr Raymond Cheng, Managing Director of Wyith Incorporated.
"DomainOrbital has helped many of Belgium's leading portals, including infoo.be and dinner.be, bring their businesses online. Adding DomainOrbital's client
base and leadership to DomainAvenue.com's regional and global footprint will
further strengthen Wyith's position as a leading Internet company in the
region." Dr Cheng further added.
Over the next few months, DomainOrbital's operations and management team will
merge with those of Wyith to add an extra team of design experts and top sales
people to Wyith's European operations. The new team will be responsible for the
launching of the various European versions of DomainAvenue.com, including
Domeinlaan.com in Dutch, CalledeDominio.com in Spanish, DomainAllee.com in
German, RueDomaine.com in French and ViaSettore.com in Italian.
"This is a rare opportunity for DomainOrbital to combine forces with a market
leader. Our local contacts, experience and client base combined with
DomainAvenue.com's multinational clientele and regional leadership immeasurably
strengthens our combined market position in Europe," said DomainOrbital's Alain
Recognizing early on that Belgium was a key growth country due to its
multi-cultural breadth and maturity, Wyith launched its wholly-owned regional
subsidiary, Wyith Communications Europe Srl, in 1998 and also formed strategic
alliances with European companies like DomainOrbital and ExposureSpace. Dr Cheng
added, "While the global economy may still experience potential downturns
in the short term, Wyith is still committed to expanding its presence in
Please visit www.DomainOrbital.com for further details.
About Wyith Incorporated
Founded in 1991, the company is a provider of corporate MIS applications,
backend IT services and is a strategic consultant of e-business.
The company's wholly owned division, Wyith Limited, is also a
world class leader in B2C domain-based services, including
domain registrations in over 70 countries, Web hosting and
related services. The business has serviced over 40,000 customers
worldwide, spanning 110 countries.
For further information, please contact:
Associate Director for Domain Products
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