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LayerStack Announces Acquisition of Ximbo

Hong Kong, 01 November 2018 - LayerStack Limited, the global IaaS service provider, today announced that it has completed the acquisition of Ximbo Internet Limited’s operating business, including its cloud servers and data center facility. The transaction significantly enhances LayerStack’s established cloud business.
LayerStack acquired the Ximbo assets, people and customer contracts to strengthen and reinforce its position in Hong Kong and meeting the future requirement of the APAC cloud market. The acquisition will expand the existing LayerStack portfolio by adding Ximbo brand and platform.

“As enterprises cloud challenges rapidly evolve. LayerStack needs to bring more innovative cloud solutions to the market,” said Dennis Ng, Chief Technology Officer. “It is an evolution of our cloud journey. The addition of Ximbo’s cloud knowledge and innovative mindset significantly enhances our capabilities and expands our addressable market.”
LayerStack’s footprint will continue to expand around the world. For more information, please visit www.layerstack.com.

About LayerStack
LayerStack brings innovative cloud solutions to market that help IT specialists to effectively solve their persistent challenges. LayerStack is committed to maintain a simple, scalable and stable cloud environment with the aim of providing multiple solutions for the cloud deployment. The company is headquartered in Hong Kong, with multiple data centers in Hong Kong, Singapore and Japan.

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