ICELAND Web Hosting Sells to Amazon for $5.2B

The sale of ICELand Web Hostings to Amazon is the latest example of a cloud-computing company gaining traction on the open market.

The acquisition of ICI is the first of its kind in the world, according to Brian Shortsleeve, a vice president at Cloudfactory, the parent company of ICIs Web Hosters.ICI is a global provider of cloud-based hosting that has been selling servers and other components to enterprises, banks, and other organizations.ICELand was founded in 2011 as a subsidiary of the company that sells the server platform of the Internet’s largest Web hosting company, Dyn, according the company.

The deal will give ICI access to the AWS cloud computing platform, allowing it to scale and grow faster than its competitors, according Shortslee.

ICI said it will offer new services and products, including the use of its own hardware and software, as well as the cloud hosting of its products, such as web servers.

ICELands Web Hosts will operate on AWS for the first three years.

Shortsleeve said ICI expects to invest in AWS and work with AWS to provide additional services and improvements to its customers.

Shortersees ICI’s new cloud hosting services include hosting for Amazon Web Services, Amazon Elastic MapReduce, and Amazon Web App Services.

ICIC will also continue to sell its servers and components through its business.

The ICELanders Web Host, a division of ICIC, will become a part of Amazon Web Host Holdings, which has an annual revenue of more than $5 billion, according a person familiar with the matter.

The company was founded by a group of former executives who joined Amazon WebHost in 2010.

The group has been in talks with Amazon for a while.

The deal with Amazon is a significant acquisition for ICIC and a potential win for Amazon, which could help the cloud-hosting company compete in a crowded space of services, such a as hosting Amazon Web Service.

ICIT is expected to add more than 3,000 jobs to its workforce in the next three years, according an internal memo obtained by Ars Technic that was shared with TechCrunch.

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