FLEX portfolio company Marbis (Nitrado) acquires APEX Hosting

Berlin/ Karlsruhe/ Reno (Nevada, USA)/ Sarasota (Florida, USA), December 15, 2021

FLEX portfolio company Marbis (Nitrado) builds the leading global game hosting provider through the acquisition of APEX Hosting

Industry
Game hosting and server software
Company headquarters
Karlsruhe, Reno (Nevada, USA), Sarasota (Florida, USA)
Data centers
28 (18 Apex, 10 Nitrado) data center nodes: 20 different sites
Employees
> 160, worldwide
Transaction type
100% Takeover
Sales
> EUR 40 million

We are excited to announce that the FLEX portfolio company marbis GmbH, with its brand Nitrado has acquired Apex Hosting, LLC.

FLEX Capital is a private equity investor with a focus on medium-sized software and internet companies in German-speaking countries. “Together with the Nitrado team, we set-out to build the world’s leading game hosting company. This landmark acquisition is an important building block for our strategy and yet another proof point of a global tech champion made in Germany”, states Peter Waleczek, founder and Managing Director at FLEX Capital.

Nitrado was founded in 2001 by Marco Balle and Marcel Bößendörfer in Karlsruhe. With over 110 employees, the company operates ten data centers on five continents, reaching customers in over 100 countries. In addition to operating a hosting infrastructure for multiplayer games, Nitrado develops software applications for server control, monitoring and security.

Apex Hosting was founded in 2013 by Seth Mattox and John Rendemonti and is based in Florida, USA. Apex Hosting is the market leader for Minecraft server hosting in the English-speaking world with rented capacity in 18 data centers. Furthermore, Apex Hosting has a strong focus on customer support, which results in top customer satisfaction scores.

Jointly, Nitrado and Apex Hosting will strengthen their market position in the English-speaking world, especially in the USA. Furthermore, Apex Hosting will support Nitrado to bring its marketing activities to the next level while Nitrado will serve as an infrastructure provider to Apex Hosting. Both companies follow a customer-centric approach which will lead to a better customer experience based on customer support, DDoS protection and optimized user panels.

  • “We have found our soulmates in the hosting space and it is Nitrado. Apex Hosting’s commitment to world-class support on affordable high-power hardware is matched perfectly with Nitrado’s bare metal services and experience in supporting over 100 games. We’ve achieved our goal of becoming the largest Minecraft hosting company in the world. Now, together with Nitrado, we will be the largest game hosting company – period.” Seth Mattox, co-founder of Apex
  • “We are exhilarated to be a part of the marbis family. The experience of the Nitrado team and the infrastructure they have built will accelerate Apex Hosting’s expansion into new markets. It is clear to us that the two brands working together are the leaders in game server hosting.” John Rendemonti, co-founder of Apex
  • “I am happy and excited to work together with John and Seth in the future. To have a strong Minecraft server hosting presence in the USA with a strong marketing expertise was our dream when we thought about our buy-and-build activities. This came true in the form of the transaction with Apex Hosting. What makes this deal very special to me is that Seth and John have a very entrepreneurial drive which will help us seek new business opportunities and will make this story a success!” Marcel Bößendorfer, Managing Director of Nitrado

About APEX
Apex Hosting was founded in 2013 by Seth Mattox and John Rendemonti and is based in Florida, USA. Apex Hosting is the market leader for Minecraft server hosting in the English-speaking world with rented capacities in 18 data centers. Furthermore, Apex Hosting has a strong customer support focus which results in top customer satisfaction ratings.

About NITRADO
Nitrado was founded in 2001 by Marco Balle and Marcel Bößendörfer in Karlsruhe. Besides operating a hosting infrastructure for multiplayer games, Nitrado develops software applications for server control, monitoring and security. With over 110 employees, the company operates ten data centers on five continents, reaching customers in over 100 countries.

About FLEX Capital

FLEX Capital is a private equity fund founded by successful serial entrepreneurs that invests in profitable and growing companies from the German Internet and software midmarket. Announced in early 2023, the second fund of €300 million includes a commercial structure for the first time, enabling FLEX Capital to provide operational support to portfolio companies with a purpose-built 30-person team of experts, differentiating the investor from many other private equity funds. Currently, the FLEX portfolio comprises six business platforms. For more information, visit www.flex.capital.

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