Daily News: March 5, 2015

Cloud Equity Buys Fresh Roasted Hosting

Cloud Equity Group, an investment management company focused on opportunistic acquisitions of web service providers, announced the acquisition of Fresh Roasted Hosting, a leading provider of premium web services based out of Harrisburg, Pennsylvania.

“Fresh Roasted Hosting’s commitment to providing premier solutions and high quality service complements our existing portfolio companies and further supports our ability to provide premium hosting solutions across a wide range of geographical markets,” said Sean Frank, Managing Partner at Cloud Equity Group. “Fresh Roasted Hosting’s founder, Dave Sheranko, was critical to the growth and development of the company’s robust infrastructure, as well as its strategic positioning as a leading provider of high performance hosting solutions within a niche market. We look forward to working with Dave as we continue to grow and expand the Fresh Roasted Hosting brand.”

Sheranko, who is remaining with the company as a senior member of the management team, said, “I’m very excited about the opportunities that expansion brings. Having Cloud Equity Group on board means Fresh Roasted Hosting will continue to provide new and innovative hosting solutions to customers of all sizes and scope.”

Cloud Equity Group is a Wall Street based private equity and mezzanine debt firm strategically positioned to capitalize on the rapidly expanding industries of web hosting and cloud-based infrastructure.

Harrisburg, PA-headquartred Fresh Roasted Hosting is an independent web hosting company.