Six Degrees acquires two more companies

Written by: Paul Withers
Six Degrees acquires two more companies

Managed data services provider targets top five hosting and cloud provider position in the UK this year following purchases of Firstserv and Serverstream 

Six Degrees Group is aiming to become one of the top five hosting and cloud providers in the UK this year following the acquisitions of Firstserv and Serverstream.

Both companies will be integrated into Six Degrees Group’s managed data division, adding £3 million of hosting revenues. The acquisitions also see 17 staff join Six Degrees Group, where they will focus on integrating and expanding the Group’s hosting platforms.

Fistserv and Serverstream focus exclusively on the hosting market with an emphasis on the digital media, publishing and leisure sectors. Customers include Sunseeker, The Spectator and Port of London Authority.

As a result of these transactions, Six Degrees Group’s run-rate revenues now exceed £40 million with underlying EBITDA of over £10 million. The company said it continues to enjoy strong double-digit organic growth, underpinned by cross-selling.

Six Degrees Group CEO Alastair Mills secured around £60 million of funding from capital funding private equity group Penta Capital when the company was first launched last September.

Six Degrees Group received an additional £25 million worth of funding from Clydesdale Bank in February to support its strategy of organic and acquisitive growth in the managed data services market.

Mills said: “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.”

Firstserv managing director Gordon Kenneway said: “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.”

Serverstream managing director Jonathan Obadia said: “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.”

 

Leave a Reply

To advertise on this site, call 0203 122 0872

Recent Comments

I am so happy to find out today that, I have the pleasure to go and see Ed at Wembley!!!...
I doubt the competition commission would approve Vodafone buying EE. It would give them a huge marketshare in the UK market....
Totally agree with article and they are still doing it!!! The call you pretending to be Orange and get you to upgrade. I did this and then they didn't send phones or sim or any contract whatsoeve...
Why don't Vodafone buy it? EE is the best network in the UK by far...
I am on ee I have never got a 4 g signal yet, further to this my fb is most of the time not functioning, as it hovers with "connecting" forever, I have to wait till I get home to connect to my vi...
Problem is that the tecdesk 5500 is £270 trade cost which is ridiculously expensive....
please can 128gb fit in samsung galasy k zoom mobile????...
There will be a version of the Apple Watch which will cost in excess of £10,000....
Written by a numpty! I don't think that the apple watch will be in the same price bracket as a Rolex...
Noted - thanks...

Social Media Feed