Acquisition of managed hosting provider Ultraspeed takes firm’s spending to over £40 million on companies bought as it continues to focus on expanding in the mid-market
Managed data service provider Six Degrees Group has acquired hosting and managed cloud provider Ultraspeed for an undisclosed fee.
Six Degrees has now bought six companies for just over £40 million in total since its establishment last July. These are data centre and hosting provider UK Solutions, data network provider NetworkFlow, and telecoms service resellers Protel, Key Account Management and Bluesquare.
The acquisition of London-based Ultraspeed adds just 100 customers to Six Degrees’ portfolio, taking its total to approximately 1,200 clients.
Ultraspeed serves FTSE 250 companies, charities and digital media customers, including Nando’s, British Heart Foundation, John Brown Media Group and Bon Voyage Travel & Tours.
All seven staff from Ultraspeed have joined Six Degrees, which now employs around 100 people. It has three offices in London, one in Gatwick and a data centre in Birmingham.
Six Degrees Group CEO Alastair Mills (pictured) said: “Our 2012 strategy is very clearly focused on expanding our managed hosting and loud capabilities and this acquisition marks a significant move in that direction.
“Ultraspeed’s customer base is in our mid-market sweet-spot and they boast a strong presence in the digital media sector that is a key industry for Six Degrees Group.
“With more investments in hosting and Cloud to follow, I am confident that e are well-positioned to be the fastest growing and most admired managed data services company in the UK-mid-market.”
Ultraspeed CEO Jordan Gross said: “I decided that it was right for Ultraspeed to join Six Degrees Group as that will allow us to add strong network and data centre offerings to our proposition, along with converged services, giving us a strong end-to-end capability.
“We’ll also have greater financial strength and a broader technology platform allowing us to continue to target larger companies in the mid-market space.”