Cinven-backed One.com, a hosting provider in Europe, agreed to acquire Hostnet, a web hosting company in Amsterdam, Netherlands. Financial terms were not disclosed. "We are pleased to announce the acquisition of Hostnet given its focus on operational excellence and high brand awareness. As a result of this transaction, we are now a leading operator in the Dutch hosting market that is core to the development of our business strategy. We look forward to working with the team at Hostnet and significantly enhancing our European presence and product range for our customers," Stephan Wolfram, One.com CEO.