Web Shared Hosting News

Following a ransomware attack that occurred at the end of November, the web hosting and IT service provider Netgain has been forced to take some of its data centers offline. The company provides hosting and cloud IT solutions to organizations in the healthcare and accounting industry and this may be why it was targeted by cybercriminals in the first place. As reported by BleepingComputer, Netgain set out a series of emails to its customers informing them it had fallen victim to a ransomware attack on November 24. A few days later at the beginning of December, customers then began receiving emails from the firm saying that they may experience “system outages or slowdowns” following a cyberattack on the hosting provider. On December 5, Netgain once again sent out an email to its… Source link

Following a ransomware attack that occurred at the end of November, the web hosting and IT service provider Netgain has been forced to take some of its data centers offline. The company provides hosting and cloud IT solutions to organizations in the healthcare and accounting industry and this may be why it was targeted by cybercriminals in the first place. As reported by BleepingComputer, Netgain set out a series of emails to its customers informing them it had fallen victim to a ransomware attack on November 24. A few days later at the beginning of December, customers then began receiving emails from the firm saying that they may experience “system outages or slowdowns” following a cyberattack on the hosting provider. On December 5, Netgain once again sent out an email to its… Source link

DANIA BEACH, Fla.–(BUSINESS WIRE)–Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted online destination for pet parents and partners everywhere, has released its financial results for the third quarter of fiscal year 2020 ended November 1, 2020, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com. Fiscal Q3 2020 Highlights: Net sales of $1.78 billion grew 45 percent year-over-year Gross margin of 25.5 percent expanded 180 basis points year-over-year Net loss of $32.8 million, including share-based compensation expense of $25.1 million Net margin of (1.8) percent improved 460 basis points year-over-year Adjusted EBITDA(1) of $5.5 million improved 118 percent year-over-year Adjusted EBITDA margin(1) of 0.3 percent… Source link

A recent report added by Market Study Report, LLC, on ‘Shared Web Hosting Service Industry Market’ provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business. The market intelligence report of Shared Web Hosting Service Industry market explores the major trends governing the industry growth across the various regional contributors. It assesses the strategies leading players have employed to solidify their status in this industry. More importantly, factors stifling the industry growth and opportunity windows for… Source link

New York-headquartered web hosting services company, Squarespace Inc is planning an initial public offering in the first half of the next year, according to Bloomberg. What Happened: Squarespace is already in talks with certain banks for financial advisory and a selection is expected sometime this month, based on inputs from sources, as per Bloomberg. In its secondary market funding round in December 2017, equity firm General Atlantic invested $200 million. At the time, Squarespace’s valuation was close to $1.7 billion, as per Bloomberg. Whereas Crunchbase, based on research by PrivCo, estimates the post-money valuation to be between $1 billion to $10 billion. Based on performance trends, the company is expected to value its IPO above the 2017 threshold. Why Does It… Source link