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Six Degrees Group Announces Two Cloud Hosting Acquisitions
Six Degrees Group today announces that it has completed the acquisitions of two London-based pure-play managed hosting and cloud providers.
Both Firstserv and Serverstream will be integrated into Six Degrees Group’s managed data division where they will add £3m of hosting revenues, representing a mix of managed hosting, cloud hosting (virtual private, private and hybrid) and complex web hosting. 17 highly-skilled personnel will be joining Six Degrees Group where they will focus on integrating and expanding the Group’s hosting platforms. The acquisitions are part of a series of strategic investments being made in the Six Degrees Group’s cloud offering.
Following these transactions, Six Degrees Group’s run-rate revenues now exceed £40m with underlying EBITDA of over £10m. The company continues to enjoy strong double-digit organic growth, underpinned by cross-selling.
Alastair Mills, CEO of Six Degrees Group, stated: “I am delighted to welcome both Firstserv and Serverstream to Six Degrees Group. This announcement sees the Group continue to focus on managed data services, particularly in the fast-growing cloud hosting sector. Our goal for 2012 is to become one of the top five hosting and cloud providers in the UK.”
Gordon Kenneway, MD of Firstserv, said: “This is an important day for all at Firstserv. Our employees will now have access to a larger, geographically diverse hosting platform with best-in-class compute and storage resources, which is also a very exciting step for our customers. I am looking forward to joining Alastair and the Six Degrees team to help establish their position as one of the UK’s fastest growing cloud companies.”
Jonathan Obadia, MD of Serverstream, commented: “We are excited to be joining Six Degrees Group. Serverstream has a strong reputation for delivering complex hosting solutions to mid-market customers and this merger enables us to continue our expansion with additional services, scale and geographical diversity. Our customers will continue to receive the same exceptional levels of service and support that they’ve become accustomed to, with the added benefit of access to additional resources and complementary services.”
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.
Emily Gallagher/Rachael Lowe