FourNet
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FourNet - overview
Established
2005
Location
Manchester, -, UK
Primary Industry
Software
About
FourNet is a technology company specializing in providing advanced hosting solutions through their flagship product, Plesk, which enhances web server management for clients across various sectors. Founded in 2005 and headquartered in Manchester, UK, FourNet focuses on offering sophisticated hosting services. The company underwent a significant change in ownership when, in June 2021, Palatine acquired a majority stake from YFM Equity Partners. The firm has completed 2 total deals to date, with its most recent deal occurring on June 8, 2021.
Richard Pennington serves as the CEO of FourNet. FourNet primarily offers Plesk, a sophisticated hosting control panel that facilitates seamless management of web servers and websites. Plesk empowers IT specialists by providing an integrated platform for managing web services, DNS, mail, and related functionalities through an intuitive graphical interface. This service is designed to enhance operational efficiency and improve service delivery for clients ranging from small to medium-sized enterprises (SMEs) to large hosting providers, with a global presence in markets such as North America, Europe, and parts of Asia.
In the most recent fiscal year of 2023, FourNet reported a revenue of GBP 44,020,400. 60 and an EBITDA of GBP 3,153,922. 10, generated primarily through a subscription-based model offering various tiered pricing plans for Plesk's tools and services. Following the June 2021 acquisition, FourNet plans to leverage recent investments to expand its operations and enhance its environmental, social, and governance (ESG) credentials.
The company is focused on developing new products and entering new markets, although specific new product launches and geographic targets have not been detailed. The investment from Palatine is expected to support these growth initiatives and capitalize on emerging market opportunities.
Current Investors
Palatine, YFM Equity Partners
Primary Industry
Software
Sub Industries
Data Centers, Offshore IT Services/IT Outsourcing, Conferencing Software, Telecoms Providers & Services
Website
www.4net-technologies.com
Verticals
Cloud Computing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
FourNet - timeline of key events
FourNet - financials
| Fiscal Year Ended | Mar 31, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2023 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 12,955,671 | 24,274,930 | 26,506,003 | 31,984,481 | 38,378,770 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 20.7% | 20.0% | - | - | - |
| EBITDA (USD) | 802,692 | 899,429 | 1,800,393 | 3,156,230 | 3,901,218 | - | - | - |
| Operating Income (USD) | 768,261 | 819,659 | 1,617,914 | 2,912,105 | 3,496,035 | - | - | - |
| Operating Margin | 5.9% | 3.4% | 6.1% | 9.1% | 9.1% | - | - | - |
| % EBITDA Margin | 6.2% | 3.7% | 6.8% | 9.9% | 10.2% | - | - | - |
| NET Income (USD) | 613,009 | 775,987 | 1,368,240 | 2,900,175 | 2,881,549 | - | - | - |
| % Net Margin | 4.7% | 3.2% | 5.2% | 9.1% | 7.5% | - | - | - |
FourNet - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Nowcomm Ltd | - | ||||||||
| Add-on | Completed | C>Ways Limited | - | ||||||||
| Secondary Buyout | Completed | FourNet | - | ||||||||
| Add-on | Completed | ComputerTel LTD | - | ||||||||
| Buyout | Completed | FourNet | - |
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FourNet - employee data
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