Web design and development company Raincity Studios has acquired managed and mass hosting services provider Bryght to create what the company claims to be the first full-service, open source, web agency.
According to Raincity, both the companies are part of the web media, or ‘Web 2.0’, and were among the first to develop businesses utilizing the Drupal open source software platform. Web 2.0 refers to a second generation of web-based communities and hosted services such as social-networking sites. The company claims that the world wide services market has grown from $100,000 in 2004 to an estimated $50M in 2007.
Raincity offers services, including information architecture, graphic design, coding and new media marketing, while Bryght was the first commercial company to focus exclusively on the Drupal open source platform by providing managed and mass-hosting services, as well as consulting and support since 2004.
Raincity said that post-merger, Bryght will offer hosting and infrastructure support services. Bryght’s former president Kris Krug will be the president of the new entity.
By joining Raincity Studios, we can capture market leadership by responding quickly to the unmet demand for Drupal development services worldwide while also offering an increased service roster to our existing growing client base, said Mr Krug.
The Web 2.0 space has seen a number of mergers and acquisitions this year. Earlier this week, social networking website Facebook was said to have offered $85m for Chinese social networking site zhanzuo.com. Last month, Microsoft acquired Facebook for $240m, while previously, Google had out bided Microsoft to complete a $1.65bn acquisition of online video sharing service provider YouTube.
Source: ComputerWire daily updates