it might be easy to say now.. the "writing was on the wall" but...

it might be easy to say now.. the "writing was on the wall" but the analysis was spot on.
only extra bit I would/have looked at is the meaningful synergy that company had for a tier-2 CSP.
A- good technology. vote of trust (due diligence by channel partners indicated that).
B- mid to low end business execution (most management was more product dev oriented than sales) but were about to turn a corner
This is exactly the kind of M&A sought by high growth CSP like iiNET , TPG and alike.
They have large client base and if they can offer a good product that has high margin --> you have a winner.
Every micro cap Hosting/Cloud company with good product and poor marketing will be a likely candidate.. I would keep watching this space.
And at the end some luck is also key ingredient :)