Eight-and-a-half years' worth of twelve-hour days paid off this month for webhosting pioneer Peter Mott, when Dresden Equities-owned ICONZ bought his 2day.com company.
Although he is unwilling to reveal the amount ICONZ paid, Mott says he's pleased with the straightforward cash deal for 100% of the shares in 2day.com.
Under the sales agreement, Mott will be retained for 12 months to provide consultancy with the expectation that he'll be involved in the day-to-day running of the business, which will be integrated into ICONZ's other units. However, 2day.com will remain as a separate brand, says ICONZ general manager Sean Weekes, and stay within its present Takapuna Beach offices.
Weekes has assigned two business manager teams to work on merging 2day.com with ICONZ. He says the purchase of 2day.com was "a natural" as he saw plenty of synergy between it and ICONZ's businesses.
Asked about the future, Mott says he's planning to do some sailing.