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IWeb Technologies

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Cloud services, dedicated server hosting, and advanced it infrastructure solutions

Montreal, CanadaFounded 1996Hosting
Valuation $100–500M Latest valuation · 2013
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
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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.

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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.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1996
Headquarters
Montreal, Canada
Employees
133
Open positions
None listed
Dealroom signal
60.5/100
Industry
Hosting, Enterprise Software
Sector
Hosting, Cloud Infrastructure, Cloud Services
Business model
SaaS
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning IWeb Technologies.

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Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Aug 2021 $0 LeaseWeb
ACQUISITIONExit Oct 2013 $145M $145M HorizonIQ
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Growth signals

IWeb Technologies website traffic

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.

Latest monthly visits1.2K 3-month web change+140% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investors

7 investors on the cap table

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
Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇦 Canada · Montreal HQ
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Market sentiment

Posts on X, past 7 days

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

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