German media giant ProSiebenSat.1 has announced that it will sell its web hosting division to Italian cloud service provider WIIT for an estimated €50 million (approximately $59 million / A$82 million). ). €46 million). myLoc offers a range of solutions that meet the needs of medium and large businesses, including colocation, dedicated server hosting, managed hosting and cloud hosting, with cloud backup, IaaS and Microsoft 365 also included. in the offer. Its five data centers (and one business continuity site) are based in Düsseldorf, have a capacity of 65.000 servers, are ISO 27001 certified, and are subject to German data protection laws, which are among the most stringent. strict in the world Europe. Its five data centers (and one business continuity site) are based in Düsseldorf, accommodate 65.000 servers, are ISO 27001 certified, and are subject to German data protection laws, which are among the strictest. of the world. Europe. Advanced Television reports that MyLoc generated approximately €16 million with an EBITDA of €4 million in the last fiscal year, with 300 co-location customers and more than 37.000 square feet of data center space. According to a Deutsche Bank spokesperson, “The sale has an attractive multiple that we view as positive. Düsseldorf-based MyLoc was a subsidiary of Virtual Minds that would now focus on core ad tech solutions. " myLoc is WIIT's first international acquisition and has been hailed by the company's CEO, Alessandro Cozzi, as a transformational transaction, a transaction that will enable his company to "create Europe's leading cloud for mission-critical applications" .