Hostinger - Success Story of the Employee-Owned Web Hosting Platform

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Revenue in the Web Hosting Segment is projected to reach $90.42 billion in 2023. With an annual growth rate (CAGR 2023-2027) of 12.42%, it is expected to reach $144.40 billion by 2027. With the internet and technological advancements, websites have almost become a part and parcel of life. There are over 1.13 billion websites, of which only around one-fifth are active. Over 70% of Small and Medium Businesses have started using websites to exhibit their profile and promote their products.

Besides the rising needs, a major factor that impacted the growth of websites is the Web Hosting Platforms. A creation that once required immense knowledge of coding was now made in a matter of a few minutes by these companies. Their cheaper and more secure service paved the way for everyone willing to have a website. Hostinger is one such popular web hosting platform.

Hostinger is a web hosting service platform that helps you to create and maintain websites quickly and in a simplified way. It was established in 2004 in Lithuania. This platform offers various services like shared hosting, cloud hosting, domain registrations, WordPress hosting, etc. Hostinger is one of the largest hosting service providers in the world.

Hostinger - Company Highlights

Hostinger - About
Hostinger - Key People and Team
Hostinger - Startup Story
Hostinger - Mission and Vision
Hostinger - Business Model and Revenue Model
Hostinger - Challenges Faced
Hostinger - Funding
Hostinger - Subsidiaries
Hostinger - Growth
Hostinger - Competitors
Hostinger - Awards and Achievements

Hostinger - About

Hostinger is a web hosting and internet domain registering platform that also provides simple ways to create websites with just a click of a button. This company offers affordable, quick, and secure hosting services to its users. Hostinger is also helping customers with WordPress, Cloud, VPS, Minecraft, and Shared Hostings.

Hostinger is an employee-owned company that was instituted in 2004. The company is based and headquartered in Kaunas, Lithuania, and has 3 other offices in Vilnius, Yogyakarta, and Florianopolis. Hostinger has over 29 million users around the world with an average of 15,000 new users every day. The company runs its operations in 178 countries to create a simplified platform for users to build websites and grow online.

Hostinger - Key People and Team

Hostinger is an employee-owned web hosting company that was established in 2004. An employee-owned company is a term used to refer to companies whose shares are owned by the employees of the same company. The other key people and team members involved in top management are listed below:

• Arnas Stuopelis - CEO and Chairman
• Balys Krikščiūnas - Chief Executive Officer (CTO)
• Antanas Patašius - Chief Technology Officer (CTO)
• Domantas Beržanskis - Chief Financial Officer (CFO)
• Gabija Jasiulionytė - Head of People
• Žygintas Rimkus - Chief Product Officer
• Daugirdas Jankus - Marketing Head

Hostinger - Startup Story

A group of people with the same ideas and goals joined together to create Hostinger. It was initially started with the name Hosting Media in 2004. Their main goal was to make the internet readily available to all people and let them host their websites. They wanted to provide their services for free without limitations.

With this idea, Hostinger was bootstrapped in 2004. The company started doing well right from the beginning. The initial customers were so pleased by Hostinger’s service and they kept recommending this web hosting platform to their circle of family and friends. This ensured Hostinger's success in the early days and also helped them grow faster than expected.

Hostinger - Mission and Vision

Hostinger’s mission is to create a platform that helps web developers easily create and run websites. It wanted to provide reliable, fast, and stable hosting services for customers. The company has a vision that enables people around the world to explore the power of the internet and capitalize on them to learn and grow.

Hostinger - Business Model and Revenue Model

As a web hosting company, Hostinger’s major focus is to provide hosting at a cheaper price with better quality and security. Unlike other competitors who offer many unlimited services for a higher subscription price, Hostinger takes a different path. It avoids unwanted bundling and excess add-ons of plans and services, thus enabling it to provide a low-cost service. The company’s 7 data centers located across the world help it to provide a reliable and quick service for its customers.

Hostinger generates its revenue through subscription plans. The company offers multiple services in hosting and domain registrations, which have independent pricing plans for each of them. Hostinger also offers a 30-day money-back guarantee for all its plans.

Hostinger - Challenges Faced

000webhost, a subsidiary of Hostinger faced a backslash in 2015. A major data breach resulted in the theft of around 13 million customers’ data. The company admitted that the breach was caused by hackers and necessary steps were taken to avoid more leaks. The web host was forced to block access to all customers temporarily and reset their passwords. The platform’s security was further enhanced after this issue and was made even more secure.

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Hostinger - Funding

In November 2004, a personal company named Hosting Media (today Hostinger) was bootstrapped in Kaunas, Lithuania. The company has survived successfully without raising funds for almost 16 years. Only in April 2021, a private equity company named ConHostinger led by the German entrepreneurs Jochen Berger and Thomas Strohe invested in Hostinger. They purchased approximately 31% of the company’s shares for an undisclosed sum from long-term employees.

Hostinger - Subsidiaries

This bootstrapped web hosting platform has established 5 subsidiaries so far. Here is the list of Hostinger’s subsidiaries:

000webhost

000webhost is the world’s first free web hosting provider launched by Hostinger in 2007. It offers services like website creation, SSL Certification, and WordPress hosting for free. 000webhost also has paid plans with additional features.

Hosting24

Hostinger established Hosting24 in 2008. It is a specialized company in web hosting that uses the popular cPanel platform to host websites. The company’s subscription plans come with the additional benefits of a free domain and SSL Certificate.

Niagahoster

This is another web hosting platform set up in Indonesia by Hostinger. Niagahoster was launched in 2013 as part of Hostinger International Ltd. to develop and build the company’s customer base around the country.

Weblink

Weblink is based in Brasil and was instigated as a part of the Hostinger group in 2014. This web hosting company offers services like Virtual Private Servers, cloud hosting, and WordPress hosting.

Zyro

Zyro was the latest addition to the list of subsidiaries of Hostinger. It was founded in 2019 and is based in Kaunas, Lithuania, the same as the parent company. Its main purpose is to help small businesses enter and succeed in the online world.

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Hostinger - Growth

Beginning in 2004 as a bootstrapped startup, Hostinger’s journey for over a decade and a half contained more growth and expansion. Reaching from 0 to 29 million users in 17 years was their first achievement. This growth of the company was evident right from the beginning. With 3 offices and 7 global data centers, Hostinger has grown to be one of the largest Web Hosting companies in the world.

Hostinger started expanding its operations in 2008 by establishing various subsidiaries across the world. These companies helped Hostinger secure a strong customer base in around 178 countries. It took 6 years to reach 1 million users in 2010 and another 4 years to reach 10 million. Now, with over 29 million users, the company's growth trajectory is showing 2x growth in the past few years. To add a feather to the hat, Hostinger made its way into the annual list of FT 1000's ranking on Europe's fastest-growing companies in 2020.

Hostinger - Competitors

As the popularity and demand for websites grow, many web hosting platforms have entered the market. Hostinger has got multiple popular competitors offering the same services, at times even surpassing theirs. But when it comes to price, Hostinger offers a better service at an affordable price. Here are some of the top competitors for Hostinger:

• Bluehost
• DreamHost
• HostGator
• GoDaddy
• A2 Hosting

Hostinger - Awards and Achievements

FinancesOnline, a respectable analytical platform lauded Hostinger as an Outstanding Hosting Service for the year 2021. It also presented them with two prestigious awards on the same occasion. Also in 2018, Hostinger was recognized with awards for Great User Experience and 2018 Rising Star. Hostinger was ranked 890 among the 1000 fastest-growing companies in Europe by Financial Times.

Conclusion

Hostinger is a web hosting provider that offers a range of hosting services at affordable prices. They offer shared hosting, Cloud hosting, VPS hosting, and dedicated server hosting. They are known for their user-friendly interface, reliable uptime, and fast loading speeds. They also offer a 30-day money-back guarantee and 24/7 customer support. Overall, Hostinger is a great option for individuals and small businesses looking for affordable and reliable web hosting services.

FAQs

What is Hostinger?

Hostinger is a web hosting and internet domain registering platform that also provides simple ways to create websites with just a click of a button.

Who are the competitors of Hostinger?

Some of the top competitors of Hostinger are:

• Bluehost
• DreamHost
• HostGator
• GoDaddy
• A2 Hosting

When was Hostinger founded?

Hostinger is based in Kaunas, Lithuania, and was established in the year 2004.

Who is the CEO of Hostinger?

Balys Krikščiūnas is the CEO of the Hostinger.

Who owns Hostinger?

Hostinger is an employee-owned web hosting service platform.