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).
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.”
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