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Six Degrees Group Announces New Funding and Cloud Hosting Acquisition

Six Degrees Group today announces it has raised £8 million in new funding from Penta Capital and that it has completed the acquisition of Cloud Computing Centre (CCC).

 
PRLog - Jul. 26, 2012 - LONDON – 26th July 2012 – Six Degrees Group today announces it has raised £8 million in new funding from Penta Capital and that it has completed the acquisition of Cloud Computing Centre (CCC), a Surrey-based managed cloud hosting expert established in 1999.

CCC focuses on the cloud market and brings over 100 mid-market hosting customers who spend an average of £36,000 pa. The acquisition takes Six Degrees Group’s run-rate position to £50m revenue and £12m EBITDA. CCC’s cloud platform is highly complementary to the existing Six Degrees technology and they are also a Microsoft Gold Partner and Silver Hosting Partner, bringing incremental skillsets for Microsoft Hyper-V to the Group.

Commenting on the acquisition, Alastair Mills, CEO of Six Degrees Group, stated:

“I am delighted to welcome Cloud Computing Centre to Six Degrees Group. This is a significant acquisition for us as it reinforces our mid-market focus, strengthens our managed cloud hosting team and brings outstanding technical capabilities to the Group.”

In response, Keith Bates, CEO of Cloud Computing Centre, stated:

“This is an exciting day in the evolution of Cloud Computing Centre. We felt that the time was right to join forces with one of the fastest-growing managed data service providers in the sector, especially when we have so much in common. Joining Six Degrees Group will significantly strengthen our ability to win mid-market and corporate cloud hosting contracts and to deliver new services to our existing clients.”

ENDS

To find out more please visit: www.6dg.co.uk

About Six Degrees Group
Six Degrees Group is a privately owned managed data services provider serving UK mid-market and corporate customers. The Group has a converged services portfolio – including datacentre, connectivity, voice and cloud offerings – designed to help companies meet the challenges of a connected, always-on world.

Media contacts:
Emily Gallagher/Rachael Lowe
Touchdown PR
sixdegrees@touchdownpr.com
01252 717040

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Source:Six Degrees Group
Country:United Kingdom
Industry:Business
Tags:Six Degrees Group, acquisition, Cloud Computing Centre, hosting
Shortcut:prlog.org/11934814
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