I
IWeb Technologies
Cloud services, dedicated server hosting, and advanced it infrastructure solutions
About IWeb Technologies
IWeb Technologies, founded in 1996 by Eric Chouinard and Martin Leclair, established itself as a Canadian provider of internet hosting and IT infrastructure services. Headquartered in Montreal, the company initially operated under the name Formatek before consolidating its web services into the iWeb brand in 1998 and setting up its first server hosting facilities.
Read full description
The firm's business was centered on providing high-performance dedicated servers, cloud hosting, and colocation services from its data centers. Its offerings catered to a global clientele, serving thousands of businesses in over 150 countries. The business model focused on Infrastructure-as-a-Service (IaaS), delivering solutions that included dedicated servers, private clouds, security services, and colocation. IWeb's product suite was designed to support clients at various stages of their growth, from startups requiring a single server to larger enterprises needing complex, hybrid solutions across multiple data centers.
A significant milestone in the company's history was its acquisition by the Atlanta-based IT infrastructure provider Internap Network Services Corp. (INAP) in a deal valued at approximately $145 million, which closed in late 2013. This acquisition was a strategic move for Internap to enhance its IaaS capabilities and expand its market to include the small and medium-sized business (SMB) segment, immediately adding 10,000 SMB customers to its portfolio. At the time of the acquisition, iWeb had reported revenues of $44 million. Following the Internap era, iWeb was acquired again in 2021, this time by Leaseweb, a Dutch cloud computing and web services company.
Latest news
Press, funding announcements and product moves mentioning IWeb Technologies.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Aug 2021 | $0 | — | LeaseWeb | ↗ |
| ACQUISITION✓Exit | Oct 2013 | $145M | $145M | HorizonIQ | — |
Growth signals
Latest recorded traffic for IWeb Technologies is 1.2K monthly website visits, up 140% over the last three months. IWeb Technologies's team grew 0% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Young & Rubicam
Hellman & Friedman
Apax Partners
Other known investors4 additional known investors
HorizonIQ
LeaseWeb
Bregal Sagemount
Novacap
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about IWeb Technologies on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See IWeb Technologies’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.







